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Industry News from Energy Services

  • 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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  • June 18th, 2024

Oil edges down amid cautious demand outlook

Oil prices edged down in Asian trade on Tuesday, after posting gains in the previous session, as markets remained cautious about global demand growth prospects amid expectations of stronger supplies. ›

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  • June 17th, 2024

Gas: Prices edge lower on warmer temperatures, steady supply

Dutch and British wholesale gas prices declined on Monday morning as warmer temperature forecasts dented demand while supply remained stable. ›

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  • June 17th, 2024

Oil prices slip on weaker US consumer demand, rise in China output

Oil prices slipped in Asian trading on Monday after a survey on Friday showed weaker U.S. consumer demand and as May crude production rose in China, the world’s biggest crude importer. ›

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  • June 14th, 2024

Oil prices set for best week in over 2 months on demand outlook

Oil prices eased on Friday as markets evaluated the impact of U.S. interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel demand. ›

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  • June 13th, 2024

Oil slips on US growth worries, ample crude supply

Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut possibly to December, while ample U.S. crude and fuel stocks also weighed on the market. ›

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  • June 12th, 2024

European Gas Rises After Uniper Breaks Ties With Gazprom

European natural gas prices jumped after Germany’s Uniper SE was awarded over €13 billion ($14 billion) in damages for unsupplied volumes from Gazprom PJSC, adding uncertainty over remaining fuel flows from Russia. ›

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