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Industry News from Energy Services

  • July 31st, 2019

UK GAS-Prices rise as field output declines ahead of maintenance

British wholesale gas prices rose on Wednesday morning as UK gas fields started to ease output ahead of maintenance outages starting from tomorrow.

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  • July 31st, 2019

Oil rises for fifth straight day as market awaits Fed, stockpiles fall

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the U.S. Federal Reserve, the first in more than 10 years. ›

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  • July 30th, 2019

Oil prices rise as market eyes likely Fed rate cut

Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than 10 years, supporting fuel demand growth in the world’s biggest oil user.

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  • July 26th, 2019

UK GAS-Prices decline despite Langeled flow drop

British wholesale gas prices fell on Friday morning on oversupply even though Norwegian flows through the Langeled pipeline have dropped to zero.

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  • July 26th, 2019

Oil advances as geopolitical tensions offset slack demand

Oil prices edged higher on Friday on worries about Middle East tensions, though a flagging global economic growth outlook amid the U.S.-China trade war capped gains.

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  • July 25th, 2019

Oil advances on Gulf tensions but demand concerns cap gains

Oil prices edged higher on Thursday amid Middle East tensions and a big fall in weekly U.S. crude stocks, but gains were stemmed by a frail demand outlook amid increasing signs of slowing global economic growth.

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  • July 24th, 2019

EUROPE POWER-Prompt at 5-month highs on tighter supply, curve mixed

European spot power prices for day-ahead delivery set new five-month highs on Wednesday, reflecting a tight supply-demand balance in the region’s summer heatwave.

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  • July 24th, 2019

UK GAS-Prices heat up as wind power dips and temperatures soar

British wholesale gas prices mostly rose on Wednesday morning, with wind power generation expected to dip while a heatwave is expected to lead to increased demand for gas from power plants.

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  • July 24th, 2019

Oil edges up on U.S. stocks fall, Mideast tensions, trade talk signs

Oil prices nudged higher on Wednesday on rising tensions over Iran, a sharp fall in U.S. crude stocks and positive signs on Sino-U.S. talks, although worries about weak demand kept a cap on gains.

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  • July 23rd, 2019

EUROPE POWER-French spot jumps on heatwave-fuelled demand, tight nuclear supply

European spot electricity prices for day-ahead delivery rose on Tuesday with the French contract making strong gains as forecasts for a heatwave were set to boost power demand for cooling, while nuclear generation will slip due to planned outages.

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