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Industry News from Energy Services

  • November 20th, 2024

Oil Steady as Industry Report Points to Rising US Stockpiles

Oil was steady as an industry report signaled a build in US crude inventories ahead of government figures. ›

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  • November 19th, 2024

Oil Steadies After Biggest Gain in Five Weeks on Weak Dollar

Oil steadied after the biggest gain in more than five weeks as the dollar weakened and a risk-on tone swept across wider markets. ›

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  • November 18th, 2024

Oil Holds Weekly Drop on Glut Concerns, China’s Demand Outlook

Oil held a weekly loss on concerns over plentiful global supply and the outlook for demand in China, the world’s biggest crude importer. ›

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  • November 15th, 2024

European Gas Prices Jump as Gazprom Halts Supplies to Austria

European gas prices jumped after Austria’s OMV AG said Russia will cut off fuel deliveries from Saturday. ›

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  • November 15th, 2024

Oil Heads for Weekly Drop as Glut Concerns and Dollar Take Toll

Oil fell, deepening a weekly loss, on mixed economic and consumption data from China, the lingering impact from a stronger US dollar, and concerns that the global market will flip to a glut next year. ›

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  • November 14th, 2024

Oil Drops as Surging US Dollar and Demand Concerns Take a Toll

Oil fell as a surging US dollar weighed on commodities, and concerns about demand growth tarnished the outlook for prices. ›

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  • November 13th, 2024

Oil Steadies Near November Lows With Outlook for Demand in Focus

Oil steadied near its lowest level this month, with the outlook for demand in focus after OPEC cut projections on China’s slowdown. ›

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  • November 12th, 2024

Oil Declines for Third Day on Demand Concerns and Rampant Dollar

Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply. ›

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  • November 11th, 2024

Oil Steadies After Drop With China Outlook and Demand in Focus

Oil steadied after the biggest decline in nearly two weeks as a soft outlook in top importer China continued to plague the market. ›

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  • November 8th, 2024

Oil Drops as China Stimulus Underwhelms in the Face of Trump Win

Oil fell with Asian markets and other commodities after Chinese stimulus announcements disappointed and as traders continued to digest the implications of Donald Trump’s win. ›

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