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Industry News from Energy Services

  • January 31st, 2019

UK GAS-Prices decline in well-supplied market

British wholesale gas prices edged lower on Thursday in a well-supplied market boosted by storage withdrawals and the prospect of more liquefied natural gas (LNG) deliveries. ›

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  • January 31st, 2019

Oil prices rise on Saudi cuts to U.S., Venezuela struggles to keep up exports

Oil prices rose for a third day on Thursday, pushed up by lower imports into the United States amid OPEC efforts to tighten the market, and as Venezuela struggles to keep up its crude exports after Washington imposed sanctions on the nation. ›

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  • January 30th, 2019

UK GAS-Prices edge up on higher demand, cold

British wholesale gas prices edged up on Wednesday morning due to higher demand as a result of cold temperatures. ›

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  • January 30th, 2019

Oil prices flat, caught between Venezuela supply concerns and gloomy economic outlook

Oil prices held steady on Wednesday, supported by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a darkening outlook for the global economy. ›

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  • January 29th, 2019

Oil gains as U.S. imposes sanctions on Venezuela, global supplies weigh

Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a move that may curb the OPEC member’s crude exports, but price rises were capped by ample global supply and signs of a slowing Asian economy. ›

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  • January 29th, 2019

UK GAS-Prices fall on oversupplied system

British wholesale gas prices fell on Tuesday morning as strong imports outstripped rising heating demand, leaving the gas system oversupplied. ›

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  • January 28th, 2019

UK GAS-Prices edge lower on strong imports, high wind power output

British wholesale gas prices edged lower on Monday morning as strong imports from Norway led to healthy supply and forecasts of high output from the country’s wind farms curbed demand. ›

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  • January 28th, 2019

Oil falls on increased U.S. rig count, China industrial slowdown

Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown. ›

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  • January 25th, 2019

UK GAS-Prices fall on oversupply, milder weather

British wholesale gas prices fell on Friday as above-average temperatures after a cold spell reduced demand sharply and led to oversupply in the system. ›

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  • January 25th, 2019

Oil prices climb as U.S. threatens sanctions against Venezuela

Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. ›

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