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Industry News from Energy Services

  • March 7th, 2025

Europe Gas Drops to Five-Month Low as US Presses for Quick Truce

European natural gas prices extended their dramatic decline, tumbling to the lowest level since late September as the US presses for a quick ceasefire to accompany a minerals deal with Ukraine. ›

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  • March 7th, 2025

Oil set for biggest weekly drop since October on tariff uncertainty, supply gains

Oil prices gained on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S. tariff policy is creating concerns about demand growth at the same time major producers are set to increase output. ›

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  • March 6th, 2025

Europe’s Volatile Seasonal Gas Spread Keeps Traders Alert

Sharp fluctuations in a spread between European summer and winter gas contracts have made it one of the hottest instruments to trade as officials debate how to fill fuel reserves for the next heating season. ›

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  • March 6th, 2025

Oil climbs from multi-year low, tariff concerns and rising supply weigh

Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains. ›

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  • March 5th, 2025

Oil Holds Losses as Signs of Tariff Relief Spark Uncertainty

Oil held losses after Commerce Secretary Howard Lutnick said the Trump administration could walk back some tariffs on Mexico and Canada, injecting more uncertainty into global markets. ›

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  • March 4th, 2025

Oil down on OPEC+ output increase, tariffs start and US pause on Ukraine aid

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as markets braced for the start of U.S. tariffs on Canada, Mexico and China, as well as Beijing’s retaliatory tariffs. ›

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  • March 3rd, 2025

European Gas Prices Jump as Optimism Fades About Ukraine Talks

European natural gas jumped after US and Ukrainian leaders sparred on Friday, throwing into doubt recent efforts to reach a deal with Russia on ending the war. ›

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  • March 3rd, 2025

Oil Steadies as Traders Weigh Ukraine Outlook Ahead of Tariffs

Oil was steady at the start of the week as traders weighed the outlook for Russia’s war in Ukraine ahead of President Donald Trump’s tariffs on US trading partners, which will likely lead to retaliatory measures. ›

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