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Energy Services News

  • August 28th, 2024

Oil steady after recent losses on demand concerns

Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over potential supply losses from the Middle East and North Africa as well as global fuel demand worries. ›

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  • August 27th, 2024

Oil slips after surge on Libyan outages and Middle East risk

Oil prices slipped slightly on Tuesday after rebounding more than 7% over the previous three sessions on supply concerns prompted by fears of widening Middle East conflict and potential shutdown of Libyan oil fields. ›

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  • August 27th, 2024

Gas: Prices rise amid geopolitical concerns, cooler weather forecasts

Dutch and British wholesale gas prices rose on Tuesday on geopolitical concerns and forecasts for lower temperatures but strong storage inventories helped limit the upside. ›

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  • August 23rd, 2024

Oil Heads for Weekly Decline on Demand Concerns and Gaza Talks

Oil headed for a weekly loss — after hitting the lowest close since January midweek — on a challenging demand outlook, sinking product prices, and US efforts to secure a cease-fire in Gaza. ›

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  • August 21st, 2024

Europe Gas Storage Hits 90% Marker With Prices Near Two-Week Low

Europe’s natural gas reserves are almost full, helping to cap a recent price rally driven by concerns over supply risks. ›

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  • August 21st, 2024

Oil prices catch breath after days of losses

LONDON, Aug 21 (Reuters) – Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about conflict spreading in the Middle East. ›

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  • August 20th, 2024

Oil prices edge down on easing geopolitical risks, weak China demand

Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China’s economic weakness weighed on the demand outlook. ›

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  • August 19th, 2024

European Gas Slides as Strong Flows and Inventories Ease Risks

European natural gas prices declined as Russian fuel keeps flowing via Ukraine and more alternative supplies arrive on the continent. ›

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  • August 19th, 2024

Oil prices fall on China demand fears, focus on Mideast talks

Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East, which could reduce supply risks. ›

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  • August 16th, 2024

Oil prices set to end week higher on US demand optimism

Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent U.S. economic data boosted optimism about demand from the world’s top oil consumer. ›

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