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Industry News from Energy Services

  • December 23rd, 2024

European Gas Swings With Clock Ticking for Transit Deal Expiry

European natural gas prices fluctuated near €44 a megawatt-hour with little over a week left until the expiry of a key pipeline transit deal between Russia and Ukraine. ›

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  • December 23rd, 2024

Oil Edges Higher After Weekly Loss With Trump’s Threats in Focus

Oil edged higher after a weekly drop, as traders gauged President-elect Donald Trump’s threat to reimpose US control over the Panama Canal. ›

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  • December 20th, 2024

Oil Heads for Weekly Drop as Dollar Strengthens on Fed Outlook

Oil declined for a second day, extending a weekly decline, as a strengthening US dollar pressured prices. ›

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  • December 19th, 2024

Oil Falls as Dollar Surges on Fed Outlook for Fewer Rate Cuts

Oil edged lower as expectations for fewer interest-rate cuts by the Federal Reserve next year boosted the dollar. ›

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  • December 18th, 2024

Europe Gas Retreats as Slovakia Sees Solution to Ukraine Transit

European natural gas edged lower as Slovakia’s push to keep the fuel coming through Ukraine adds optimism about the region’s supply next year. ›

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  • December 18th, 2024

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw

Oil steadied after a two-day drop as an industry report signaled a sizable drawdown in US commercial crude inventories. ›

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  • December 17th, 2024

Oil Holds Decline as Poor China Economic Data Weighs on Outlook

Oil steadied after falling in the previous session as Chinese economic data failed to dispel concerns about weakening consumption in the biggest crude importer. ›

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  • December 16th, 2024

UK Gas Plants Made Millions in a Few Hours During Price Spike

A pair of gas-fired power stations earned over £1 million ($1.3 million) each in a handful of hours this week when the wind was barely blowing. ›

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  • December 16th, 2024

Oil Slips as Lackluster Chinese Data Weakens Demand Outlook

Oil slipped after a weekly advance as a slew of economic data from China reinforced concerns over weakening demand in the biggest importer. ›

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  • December 13th, 2024

Oil Set for Weekly Gain as Sanctions Outlook Offsets Glut Woes

Oil headed for a weekly advance as the prospect for tighter US sanctions against Iran and Russia countered persistent concerns around a sizeable global glut next year. ›

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