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Energy Services News

  • November 12th, 2024

Oil Declines for Third Day on Demand Concerns and Rampant Dollar

Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply. ›

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  • November 11th, 2024

Oil Steadies After Drop With China Outlook and Demand in Focus

Oil steadied after the biggest decline in nearly two weeks as a soft outlook in top importer China continued to plague the market. ›

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  • November 8th, 2024

Oil Drops as China Stimulus Underwhelms in the Face of Trump Win

Oil fell with Asian markets and other commodities after Chinese stimulus announcements disappointed and as traders continued to digest the implications of Donald Trump’s win. ›

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  • November 7th, 2024

Oil Steadies After Election Jolt as Traders Weigh Trump’s Impact

Oil ticked higher after a roller-coaster session on Wednesday as traders weighed the likely impact of Donald Trump’s election victory on the crude market, with the US dollar halting a post-vote surge. ›

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  • November 6th, 2024

Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes

Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a gain in US stockpiles. ›

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  • November 5th, 2024

European Gas Rises Further as Traders Watch Late-Season US Storm

European natural gas prices extended gains after a jump on Monday, with traders watching a late-season tropical storm threatening to disrupt fuel production in the US. ›

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  • November 5th, 2024

Oil Steady Near $75 as Crude Enters Election Day Holding Pattern

Oil held in a narrow range as investors turned their full focus to the tight US presidential election after prices jumped on Monday, pushed higher by OPEC+’s supply-curb extension and tensions in the Middle East. ›

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  • November 4th, 2024

Green levies on UK electricity bills set to climb by more than a fifth

Environmental levies added to electricity bills in the UK are set to climb 23 per cent by the end of the decade, according to official forecasts, highlighting the upfront costs of the shift to renewable energy and reigniting debate over how it should be paid for. ›

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  • November 4th, 2024

Oil Rises as OPEC+ Delays Output Hike and Iran Steps Up Rhetoric

Oil advanced after OPEC+ agreed to push back its December production increase by one month and tensions escalated again in the Middle East. ›

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  • October 31st, 2024

Oil Drifts Near $69 With US Stockpile Drop, Middle East in Focus

Oil flipped between gains and losses after US crude inventories shrank, with the market monitoring the Middle East for any potential flare-up and equities showing a weaker tone. ›

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