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Energy Services News

  • October 21st, 2021

Oil falls as investors take profits, but fuel switching caps losses

Oil prices fell on Thursday as some investors scooped up profits from the recent rally, though solid demand in the United States and a switch to fuel oil from coal and gas amid surging prices capped losses. ›

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  • October 20th, 2021

Oil drops as China considers intervention to ease coal crunch

Oil prices fell on Wednesday after the Chinese government stepped up efforts to tame record high coal prices and ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. ›

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  • October 19th, 2021

EUROPE GAS-Prices mixed on stronger demand, profit taking

LONDON, Oct 19 (Reuters) – British and European wholesale gas prices were mixed on Tuesday morning as stronger demand was forecast but some profit-taking results in some contracts to decline. ›

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  • October 19th, 2021

Oil prices reverse earlier losses on China energy demand concerns

Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China, the world’s biggest energy consumer, revived concerns about its ability to meet heating demand needs amid power and coal shortages. ›

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  • October 18th, 2021

EUROPE GAS-Prices rise ahead of capacity auctions, eyes on Russian supply

British and European wholesale gas prices rose on Monday morning ahead of gas transit capacity auctions that could provide an indication of Russian supply to Europe for the next months. ›

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  • October 18th, 2021

Oil prices climb as COVID recovery, power generators stoke demand

Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. ›

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  • October 15th, 2021

EUROPE GAS-Prices mixed ahead of transit auctions, milder temperatures

European wholesale gas prices were mixed on Friday morning, with the Dutch month-ahead up slightly of transit auctions next week but British prompt prices down on oversupply and milder temperatures. ›

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  • October 15th, 2021

Oil prices climb more than 3%, set for multi-week gains

Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of robust demand and tighter supplies over the next few months as rocketing gas and coal prices stoke a switch to oil products. ›

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  • October 14th, 2021

EUROPE GAS-Prices rise on more demand, Russian supply uncertainty

British and Dutch wholesale gas prices rose on Thursday with heating demand rising amid cooler weather and due to ongoing uncertainty about the level of Russian supply in the coming months. ›

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  • October 14th, 2021

Oil rises on bigger-than-expected draw in U.S. fuel stocks

Oil prices climbed on Thursday, reversing previous losses, as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying. ›

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