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Industry News from Energy Services

  • January 10th, 2025

Oil in Longest Run of Weekly Gains Since July as Market Tightens

Oil headed for a third weekly gain — set for the best run since July — as signs of market tightness, including falling US stockpiles, offset concerns about demand weakness in top importer China. ›

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  • January 9th, 2025

Oil Steadies With Weak China Data and US Stockpiles in Focus

Oil steadied as traders assessed data that highlighted continued weakness in China’s economy, and a drawdown in US crude stockpiles. ›

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  • January 8th, 2025

Oil Rises a Second Day as Report Points to Falling US Stockpiles

Oil rose for a second day after an industry report pointed to another decline in US crude inventories. ›

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  • January 7th, 2025

Oil Holds First Decline This Year on Signs Rally Was Overdone

Oil steadied following its first decline in six sessions, as technical markers showed the recent rally may have gone too far. ›

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  • January 6th, 2025

Oil Holds Near October High as Saudis Hike More Than Forecast

Oil steadied near its highest level in almost three months, as Saudi Arabia raised its official prices more than expected in a sign the world’s largest crude exporter may see tighter supply. ›

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  • January 3rd, 2025

European Gas Set for Weekly Gain as Supply Risks Rattle Market

European natural gas prices are poised for a weekly gain as the market grapples with depleting stockpiles and tighter supplies after the loss of Russian flows via Ukraine. ›

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  • January 3rd, 2025

Oil Rally Breaks Crude Out of Tight Range With Technical Support

Oil has broken out of a tight trading range that it’s been stuck in for months, with a breach of a key technical threshold and shrinking US crude stockpiles helping to drive prices higher. ›

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  • January 2nd, 2025

European Gas Rises Following Loss of Russian Flows Via Ukraine

European gas prices advanced on the first trading day of the year as the region braced for freezing winter temperatures without a key source of supply. ›

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  • January 2nd, 2025

Oil Steadies In Year’s First Session With US Stockpiles in Focus

Oil steadied in the first session of the new year as an industry report signaled US crude stockpiles continued to shrink. ›

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