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Industry News from Energy Services

  • April 23rd, 2025

Oil up more than 1% on fresh Iran sanctions, lower US crude stocks

Oil prices climbed more than 1% on Wednesday, extending the prior day’s gains, as investors weighed a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks and a softer tone from President Donald Trump towards the Federal Reserve. ›

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  • April 22nd, 2025

European Gas Prices Ease as Storage Injections Progress

European natural gas prices eased, hovering around €35 a megawatt-hour as stockpiling progresses amid strong arrivals of tanker-borne fuel shipments. ›

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  • April 22nd, 2025

Oil prices rise on short-covering, but tariff worries linger

Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand. ›

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  • April 17th, 2025

Oil Rises a Second Day After US Cracks Down on Iranian Supply

Oil rose for a second day after the US vowed to reduce Iran’s energy exports to zero. ›

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  • April 16th, 2025

Oil slides as markets assess impact of US-China trade war

Oil prices fell about 1% on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy demand. ›

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  • April 15th, 2025

Oil edges up on potential US tariff exemptions on cars, pick-up in China crude imports

Oil prices inched higher on Tuesday, supported by new tariff exemptions floated by U.S. President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.

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  • April 14th, 2025

Oil rises on rebound in China’s imports, but trade war concerns persist

Oil prices edged up on Monday after Chinese data showed a sharp rebound in crude imports in March, although concerns that the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand weighed. ›

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  • April 11th, 2025

Oil Heads for Weekly Decline as Trade War Roils Global Markets

Oil ticked higher — but remained on course for a second weekly loss — as disorder in global markets triggered by US President Donald Trump’s aggressive trade policy spurred concerns about a recession and a flight from risk. ›

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  • April 10th, 2025

European Gas Jumps as US Tariff Pause Eases Demand Concerns

European natural gas prices rebounded after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners bar China, easing concerns about an economic hit that could weigh on demand for energy. ›

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  • April 10th, 2025

Oil Returns to Losses as Market Concerns Over Trade War Persist

Oil extended a volatile run as investors grappled with abrupt shifts in US tariff policy, with futures returning to losses after a brief relief rally ignited by President Donald Trump’s decision to pause some levies. ›

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