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Energy Services News

  • June 10th, 2024

Gas: Prices decline as supply concerns ease

British and Dutch wholesale gas prices declined on Monday morning as Norwegian exports to Britain ramped up after repairs to an offshore platform were completed on Friday. ›

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  • June 10th, 2024

Oil nudges higher on hopes of summer fuel demand

Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer, although a firmer dollar boosted by lower chances of imminent interest rate cuts capped gains. ›

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  • June 7th, 2024

Oil holds ground on OPEC+ reassurances but set for third weekly loss

Oil prices ticked higher on Friday, as reassurance from OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements, but markets were headed for their third straight weekly loss. ›

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  • June 6th, 2024

Oil up on Fed rate cut expectations, but OPEC+ supply decision caps gains

Oil prices rose for a second consecutive session on Thursday amid growing expectations the Federal Reserve will cut interest rates in September, but the upside was capped by higher U.S. inventories and an OPEC+ plan to increase supply. ›

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  • June 5th, 2024

Oil near 4-mth low after OPEC+ supply plan, US stock build

Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an increase in U.S. crude and refined products stocks. ›

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  • June 4th, 2024

Oil falls up to 1% on worries of supply rising later in 2024

Oil prices eased as much as 1% in Asian trade on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply ticking up later in the year amid signs of weakening U.S. demand. ›

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  • June 3rd, 2024

Oil prices steady as investors assess OPEC+ output cut extension

Oil prices were little changed on Monday, as investors weighed a move by producer group OPEC+ to extend deep output cuts well into 2025. ›

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  • May 31st, 2024

Oil slips after Fed signals no rush to cut rates as key US inflation data awaited

May 31 (Reuters) – Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited U.S. inflation report ›

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  • May 30th, 2024

Traders Are Bracing for a Record-Smashing Summer That Will Roil Commodities

Around the world, people are already living through the havoc brought on by global temperatures that are breaking records. It’s about to get a lot worse. ›

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  • May 30th, 2024

Oil dips on concerns about demand, U.S stockpiles data awaited

SINGAPORE, May 30 (Reuters) – Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. ›

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