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Industry News from Energy Services

  • June 25th, 2012

Oil Declines Below $80 for a Third Day on Euro-Zone Debt

Oil fell below $80 a barrel for a third day on concern that a meeting of European Union leaders this week will fail to check the region’s debt crisis, leading to a reduction in fuel demand. ›

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  • June 15th, 2012

Global LNG-Asian LNG dips toward $17 on supply increase

Asian liquefied natural gas (LNG) spot prices LNG-AS began to ease toward $17 per million British thermal units (mmBtu) for July cargoes as new supplies came onto the market. ›

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  • June 15th, 2012

Oil Rises With Central Banks’ Pledge to Step In

Oil futures rose towards $98 per barrel on Friday, following gains in the euro and stock markets, after a report that major central banks would step in to stem any possible financial storm after Greek elections this weekend. ›

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  • June 1st, 2012

Brent Rises Toward $104, But Eyes Worst Month in 2 Years

Brent crude reversed early losses and climbed towards $104 per barrel on Thursday, but a bleak demand outlook as the euro zone debt crisis grinds on kept gains in check and set prices up for their biggest monthly percentage drop in two years. ›

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  • June 1st, 2012

U.K. Energy Policies May Fail to Meet Climate Goals, IEA Says

The U.K.’s energy policies may fail to deliver nuclear power and renewables needed for the nation to meet its goals for reducing greenhouse gases, the International Energy Agency said. ›

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