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Industry News from Energy Services

  • October 9th, 2024

Oil prices edge up after sliding on potential Israel-Hezbollah ceasefire

Oil prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China’s fiscal policy. ›

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  • October 8th, 2024

Oil retreats as investors pare bets on Middle East war risk after sharp rally

Oil prices declined on Tuesday with concerns over potential oil supply disruption easing as the market still awaits an Israeli response to the Iranian rocket attacks last week which triggered the crude price rally. ›

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  • October 7th, 2024

Oil prices dip after strongest weekly rise in over one year

Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region. ›

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  • October 4th, 2024

Oil prices flat as Middle East conflict counters ample supply outlook

Oil prices were subdued on Friday, but remained on track for strong weekly gains, as investors weighed the prospect of a wider Middle East conflict disrupting crude flows against a well-supplied global market. ›

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  • October 3rd, 2024

Oil climbs on prospects of wider MidEast war, ample supply caps gains

Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook. ›

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  • October 2nd, 2024

Oil prices jump more than 2% as Middle East tensions escalate

Oil prices climbed more than 2% on Wednesday on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran’s biggest ever military blow against Israel. ›

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  • October 1st, 2024

Oil prices drop as prospect of additional supply offset Mideast fears

Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and its impact on crude exports from the region. ›

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