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Industry News from Energy Services

  • April 24th, 2024

Oil prices climb amid US stocks decline, Middle East conflict

Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East. ›

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  • April 23rd, 2024

Oil prices stabilise, Middle East tensions remain in focus

Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. ›

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  • April 22nd, 2024

Oil prices fall more than 1% as Iran-Israel tensions ease

Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel’s apparently small strike on Iran. ›

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  • April 19th, 2024

Gas: Prices mixed on Middle East concerns, strong power demand

Dutch and British wholesale gas prices were mixed on Friday morning amid heightened tensions in the Middle East, Norwegian outages and expectations of increased demand from the power sector as wind speeds drop. ›

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  • April 19th, 2024

Oil Erases Advance After Iranian Media Downplays Israel’s Attack

Oil wiped out an earlier sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Tehran. ›

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  • April 18th, 2024

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. ›

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  • April 17th, 2024

Gas: Prices ease slightly but supply risks remain

Dutch and British wholesale gas prices eased on Wednesday morning but were still near their highest levels since January, as the market kept a close eye on potential supply disruptions of liquefied natural gas (LNG). ›

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  • April 17th, 2024

Oil prices dip as demand worries outweigh Mideast supply fears

Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. ›

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  • April 16th, 2024

European Gas Jumps as Israel Vows Response to Iran Attack

European natural gas prices kept rising on Tuesday after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack. ›

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  • April 16th, 2024

Oil prices rise on China growth, Middle East tensions

Oil prices rose on Tuesday after data showed China’s economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran’s weekend missile and drone attack. ›

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