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Industry News from Energy Services

  • October 31st, 2019

UK GAS-Prices drop on higher Norwegian flows, wind generation and LNG deliveries

British wholesale gas prices fell on Thursday morning as higher Norwegian flows, strong wind power generation and a plethora of expected liquefied natural gas (LNG) cargos made for an oversupplied system. ›

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  • October 31st, 2019

Oil prices rise, shrug off inventory gain, look for China stimulus

Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks. ›

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  • October 30th, 2019

Oil steady as trade concerns vie with drop in inventories

Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices. ›

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  • October 30th, 2019

UK GAS-Prompt prices slip on oversupply and high storage

Prompt prices for British wholesale gas fell on Wednesday morning as oversupply and high levels of gas in storage weighed on the market. ›

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  • October 25th, 2019

Oil declines, ending three-day rally as growth concerns return

Oil prices pulled back on Friday, retracing some of the gains of a three rally on Friday, as downbeat economic growth forecasts revived concerns over the outlook for fuel demand. ›

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  • October 24th, 2019

EUROPE POWER-Surge in German wind output weighs on spot prices

A sharp increase in electricity generation from German wind turbines and a forecast fall in demand pressured European spot power prices for day-ahead delivery on Thursday.

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  • October 24th, 2019

UK GAS-Prompt prices drop on system oversupply

British prompt wholesale gas prices dropped on Thursday, pressured by lower demand forecasts, expectations of higher supply and high European gas storage levels.

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  • October 24th, 2019

Oil prices ease as weak demand outlook weighs on market

Oil prices slipped on Thursday amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude inventory drawdown in the United States.

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  • October 23rd, 2019

Oil dips as U.S. stocks build; output cut prospects give support

Oil fell on Wednesday after climbing over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stocks, but the possibility of deeper output cuts from OPEC and its allies prevented a further decline.

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  • October 22nd, 2019

UK GAS-Prompt prices rise on reduced Norway flows, higher demand forecast

British prompt gas prices rose on Tuesday morning supported by a drop in Norwegian flows and expectations of higher demand from later this week.

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