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Industry News from Energy Services

  • 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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  • April 9th, 2025

Europe Gas Drops With Broader Financial Markets as Tariffs Start

European natural gas prices slid further as US President Donald Trump’s tariffs kicked in, dealing a blow to the global economy and demand for energy. ›

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  • April 9th, 2025

Oil Extends Steep Selloff as Fresh Tariff Wave Imperils Demand

Oil sank to a four-year low as an intensifying global trade war threatens to batter energy demand, with a fresh wave of US levies going into effect in a move that will deal a heavy blow to the global economy. ›

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  • April 8th, 2025

Goldman Warns Oil Below $40 Is Possible in ‘Extreme’ Scenario

Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise. ›

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  • April 7th, 2025

European Gas Prices Extend Slump as Market Rout Worsens

European natural gas prices extended declines, following oil and global stocks lower as the tariff-induced market rout worsened. ›

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  • April 7th, 2025

Oil Plummets as Trade Risks Increase and Saudis Slash Prices

Oil tanked for a third straight day after Saudi Arabia slashed its flagship crude price by the most in more than two years, and the escalating trade war spurred concerns about a global recession and weaker demand. ›

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  • April 4th, 2025

Oil Market Gauges Show Looser Balances as OPEC+ Hikes Output

Key oil indicators are signaling looser balances ahead, after OPEC and its allies shocked the market with a dramatic early supply increase just as concerns over global demand become more acute. ›

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  • April 3rd, 2025

Oil Declines as Trump’s Wide-Ranging Tariffs Threaten Demand

Oil fell after US President Donald Trump rolled out stiff tariffs on major trading partners, including China and the European Union, that spared energy but ratcheted up a trade war that threatens global demand. ›

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  • April 2nd, 2025

European Gas Fluctuates as Traders Assess Supply Shifts, Weather

European natural gas prices held near €42 a megawatt-hour as traders weighed shifts in the region’s fuel supplies and the impact from a cool start to spring. ›

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  • April 2nd, 2025

Oil Rally Wavers as Focus Turns to Impending US Tariff Measures

Oil was little changed, pausing last month’s rally as traders position themselves for impending US tariff announcements. ›

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