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Industry News from Energy Services

  • December 23rd, 2016

Oil falls on firm dollar, profit-taking ahead of holidays

Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of the gains in the previous session as traders took profits. ›

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  • December 22nd, 2016

UK Gas – Prices edge higher on weak sterling

British wholesale gas prices rose on Thursday, as a weaker sterling against the euro helped lift the market in thin holiday trade. ›

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  • December 22nd, 2016

Oil prices rise on weaker dollar, optimism on output cuts

Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to prop up markets. ›

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  • December 21st, 2016

UK Gas – Prompt reverses losses to trade higher, lifted by curve

British wholesale prompt gas prices reversed earlier losses to trade higher on Wednesday, supported by firmer near-curve contracts on the back of a weakening pound against the euro and on rising carbon prices. ›

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  • December 21st, 2016

Oil Extends Gains as Industry Report Shows U.S. Stockpile Drop

Oil extended its advance as industry data showed U.S. crude stockpiles declined last week, trimming an inventory overhang. ›

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  • December 20th, 2016

UK Gas – Prices rise slightly on lower temperatures

British wholesale gas prices inched up on Tuesday morning due to a decline in temperatures, boosting demand for heating. ›

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  • December 20th, 2016

Oil steady in timid trade ahead of holiday season

Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017. ›

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  • December 19th, 2016

UK Gas – Prices decline on warmer weather outlook, healthy supply

British prompt natural gas prices edged lower on Monday as temperatures were expected to rise throughout the week, reducing gas demand for heating, and some forecasts showed the weather would remain warmer than normal in January. ›

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  • December 19th, 2016

Oil Extends Advance Above $52 as Libyan Output Comeback Stalls

Oil extended its gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the OPEC member exempt from agreed output cuts. ›

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  • December 16th, 2016

Oil Heads for Weekly Loss as Libya, Dollar Weigh Against Cuts

Oil headed for a weekly loss as Libya prepared to raise supply and as the dollar held weekly gains, countering the impact on prices from efforts by OPEC and other producers to trim output to curb a global glut. ›

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