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Energy Services News

  • June 26th, 2024

Oil ticks up on inventory drawdown outlook, Middle East risks

Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. ›

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  • June 25th, 2024

Oil prices steady, U.S. consumer price data in focus

Oil prices were little changed on Tuesday after rising in the previous session helped by expectations of increased fuel demand this summer, but investors were cautious ahead of U.S. consumer price data. ›

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  • June 24th, 2024

Gas: Prices steady on healthy supply, solar output

Dutch and British wholesale gas prices were largely steady on Monday morning due to healthy supply, solar power output and muted demand. ›

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  • June 24th, 2024

Oil eases as strong dollar weighs on commodities markets

Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets from geopolitical tensions and OPEC+ supply cuts. ›

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  • June 21st, 2024

Gas: Prices little changed on easing supply concerns

Dutch and British wholesale gas prices were little changed on Friday morning amid quiet trading and as concerns eased around remaining Russian pipeline gas supply to Europe. ›

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  • June 21st, 2024

Oil prices set for second week of gains on signs demand improving

Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand and falling oil and fuel inventories in the U.S., the world’s biggest oil consumer. ›

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  • June 20th, 2024

Gas: Prices firm as Russian supply cut threat limits downside

Dutch and British wholesale gas prices were slightly higher on Thursday morning on concerns about remaining Russian gas flows to Europe, but amid largely balanced stable supply and demand. ›

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  • June 20th, 2024

Brent stable as market eyes Middle East war jitters, US inventory data

Brent oil futures were little changed in Asia on Thursday, hovering slightly below seven-week highs, as the market weighed geopolitical developments in the Middle East while waiting for U.S. inventory data. ›

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  • June 19th, 2024

Oil slips amid war jitters, surprise build in US crude stocks

Oil prices eased slightly during trade on Wednesday but held near their highest levels in seven weeks, as the market weighed concerns over escalating conflicts against demand worries following an unexpected build in U.S. crude inventories. ›

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  • June 18th, 2024

Gas: Prices firm as hot weather set to lift demand

Dutch and British wholesale gas prices ticked up on Tuesday morning as warmer weather is set to lift power demand for cooling and competition increases for liquefied natural gas (LNG) supplies. ›

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