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Industry News from Energy Services

  • June 28th, 2011

Crude Oil in New York Rises From Near Four-Month Low; Brent Premium Widens

Oil rose in New York on speculation U.S. fuel demand will increase and as OPEC clashed with the International Energy about the need for more oil. Brent’s premium to New York oil widened. ›

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  • June 22nd, 2011

Crude Oil Falls Before U.S. Supply Report; Goldman Sees ‘Choppy’ Prices

Oil fell in New York before a U.S. government report today that may show that stockpiles of crude declined less than analysts forecast last week, raising skepticism about growth in the world’s biggest economy. ›

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  • June 16th, 2011

Oil Climbs From Four-Month Low on Speculation Slump Exaggerated

Oil rose from the lowest in almost four months in New York amid speculation yesterday’s 4.6 percent slump was exaggerated and on signs Chinese demand will increase. ›

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  • June 15th, 2011

LNG Imports by Japan, South Korea Climb as Oil Costs Surge

Japanese power utilities and South Korean users bought a combined 6 million metric tons of liquefied natural gas in May, adequate to supply India for eight months, as oil cost almost twice as much as gas to burn. ›

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  • June 14th, 2011

Saudi spare oil capacity ‘dwindling’

Saudi Arabia’s cushion of spare oil capacity is thinning far faster than widely believed, threatening to trigger price spikes in the months ahead, energy industry experts warned today. ›

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  • June 14th, 2011

European Natural Gas Pipelines Plagued by Uncertainties

Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? ›

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  • June 14th, 2011

Oil Near One-Month Low on U.S. Outlook, Rebounds After China Economic Data

Oil traded near the lowest in almost a month on speculation fuel demand may falter as the U.S. economy slows, countering signs of rising industrial output in China, the world’s second-largest crude user. ›

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  • June 13th, 2011

Crude Declines in New York, Advances in London to Boost Spread to Record

Crude oil fell in New York and climbed in London, bringing the spread between the U.S. and U.K. benchmarks to a record, as supply disruptions in Libya and the North Sea bolstered demand for the European grade. ›

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