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Industry News from Energy Services

  • October 17th, 2025

Oil set for weekly loss as Trump-Putin summit looms

Oil prices edged lower on Friday, heading for a weekly loss of nearly 3%, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. ›

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  • October 16th, 2025

Oil rises 1% after Trump says India promised to stop buying from Russia

Oil prices rose around 1% on Thursday after U.S. President Donald Trump said Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia, a move that could drain supply elsewhere. ›

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  • October 15th, 2025

Oil down as market eyes excess supply, US-China trade tensions

Oil prices fell on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could curtail demand. ›

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  • October 14th, 2025

Oil falls as US-China trade tensions rattle nerves

Oil prices reversed early gains and fell on Tuesday amid uncertainty about trade tensions between the U.S. and China, the world’s top two economies, which could weigh on global fuel demand. ›

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  • October 13th, 2025

Oil recoups some losses as investors focus on US-China trade talks

Oil prices rose on Monday after hitting five-month lows in the previous session, as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world’s two largest economies and oil consumers. ›

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  • October 10th, 2025

Europe Gas Returns to Weeks-Long Range as Flows Ease Demand Risk

European natural gas prices have snapped back into a range they were trading in for weeks as traders wait for further clues on how the heating season will unfold, with steady fuel supplies offsetting cold weather risks for now. ›

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  • October 10th, 2025

Oil prices fall as risk premium fades after Gaza deal

Oil prices declined on Friday after settling 1.6% lower in the previous session as the market’s risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza. ›

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  • October 9th, 2025

Russian Strikes Knock Out More than Half of Ukraine Gas Production Ahead of Winter

Russian strikes in recent days have wiped out more than half of Ukraine’s domestic natural gas production, likely forcing the war-battered country to spend 1.9 billion euros ($2.2 billion) on fuel imports to survive the looming winter. ›

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  • October 9th, 2025

Citigroup Flags Oil Market’s Bearish Consensus as Surplus Looms

The broad mood in the oil market remains bearish, although there are discrepancies as to how gloomy crude’s prospects are, according to Citigroup Inc., summarizing views from clients in North America and Europe. ›

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  • October 8th, 2025

Oil up about 1% as oversupply fears ease after OPEC+ restrains output increase

Oil prices gained by about 1% on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. ›

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