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Industry News from Energy Services

  • July 30th, 2020

Oil prices dip as virus concerns weigh on demand hopes

Oil prices slipped on Thursday, weighed down by concerns that surging coronavirus infections around the globe could jeopardize a recovery in fuel demand just as major oil producers are set to raise output.

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  • July 29th, 2020

Oil prices edge higher as U.S. inventory drop counters demand concerns tied to COVID-19

Oil prices climbed on Wednesday after a surprise drop in U.S. crude inventories was enough to offset concerns about U.S. fuel demand amid record increases in COVID-19 infections in some states.

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  • July 28th, 2020

UK GAS-Prompt prices rise on low Norwegian flows, high wind output

Prompt British wholesale gas prices rose on Tuesday morning as flows through the Langeled pipeline from Norway were at zero and as wind power output increased.

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  • July 28th, 2020

Oil prices steady as demand concerns offset U.S. stimulus hopes

Oil prices were steady on Tuesday, erasing gains earlier in the session, as rising coronavirus cases dampened the outlook for demand and countered optimism over more U.S. stimulus.

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  • July 27th, 2020

Oil slips as U.S.-China friction, rising virus cases weigh on markets

Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

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  • July 24th, 2020

EUROPE POWER-Forecast drop in wind generation lifts German spot for Monday

The spot electricity price for early next week delivery in Germany rose on Friday due to a projected decrease in wind power supply, while low demand weighed on the French price.

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  • July 24th, 2020

Oil rises on weaker dollar, but demand threats check gains

Oil prices rose on Friday on the back of a weaker U.S. dollar, although demand concerns stemming from rising coronavirus cases and escalating U.S.-China tensions kept a cap on prices.

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  • July 23rd, 2020

EUROPE POWER-Spot prices fall on additional wind power

European spot electricity prices for Friday delivery slid on Thursday, due to a projected increase in power generation from wind turbines and a forecast decrease in demand.

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  • July 23rd, 2020

Oil ticks up, but gains capped by demand destruction

Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves as the coronavirus pandemic hit fuel consumption.

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  • July 22nd, 2020

EUROPE POWER-Spot prices diverge as French renewables dip

European spot electricity prices for Thursday delivery diverged on Wednesday as renewable supply in Germany edged lower while demand rose, and power generation from wind and solar fell in France.

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