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Industry News from Energy Services

  • January 31st, 2025

Oil prices rise amid US tariff threat but still poised for weekly loss

Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest crude exporters to the U.S., that could take effect this weekend. ›

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  • January 30th, 2025

Crude Oil Steadies With Traders in Limbo Over US Trade Policies

Oil steadied as investors waited for clarity on the US administration’s plans for trade policy, with Donald Trump’s pick for commerce secretary saying Canada and Mexico may be able to avoid levies. ›

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  • January 29th, 2025

Oil prices tick lower on rising US inventories, Libyan output

Oil prices dipped on Wednesday, giving up some of last session’s gains, as a rise in U.S. crude stockpiles and easing worries over Libyan supplies weighed, although potential U.S. tariffs on Canadian and Mexican imports checked losses. ›

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  • January 28th, 2025

Oil prices hover near two-week low; weak China data adds to demand concerns

Oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data from China and warming weather forecasts elsewhere soured the demand outlook. ›

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  • January 27th, 2025

Oil falls as Trump repeats call for OPEC to cut prices

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office. ›

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  • January 24th, 2025

Oil Set for First Weekly Drop This Year as Trump Rattles Market

Oil headed for the first weekly decline this year after Donald Trump raised the prospect of trade wars and said he will ask Saudi Arabia and OPEC to lower prices in his first few days as the new US president. ›

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  • January 23rd, 2025

Oil Extends Drop With Focus on Rising Stockpiles, Trump Actions

Oil edged lower after an industry report pointed to the first gain in US crude stockpiles since mid-November, as the market watched for further pledges on global trade from President Donald Trump. ›

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  • January 22nd, 2025

Europe Summer Gas Premium Surges as Germany Eyes Storage Subsidy

European natural gas for delivery this summer has become even more expensive than prices for next winter after Germany signaled it may subsidize the refilling of storage sites. ›

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  • January 22nd, 2025

Oil Extends Drop as Trump’s Tariff Threats Raise Trade War Fears

Oil pushed lower as President Donald Trump threatened a tariff on China, raising concerns over trade wars on several fronts after he said hefty levies on Canada and Mexico were being considered. ›

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  • January 21st, 2025

European Gas Prices Swing as Trump Lifts Ban on New LNG Exports

European natural gas prices fluctuated, as US President Donald Trump lifted a moratorium on new export licenses, easing uncertainty over longer-term global supply. ›

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