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Industry News from Energy Services

  • September 18th, 2020

Oil rises on supply deficit forecast and storm in Gulf

Oil prices rose for a fourth straight day on Friday as Goldman Sachs estimated the market is in deficit and a new storm started building in the Gulf of Mexico, putting crude on track for a weekly gain of about 10%.

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  • September 17th, 2020

Oil falls as demand worries re-emerge, crews return to U.S. Gulf rigs

Oil prices fell on Thursday, after rising steeply in the two previous sessions, as concerns about weak fuel demand re-emerged and producers in the Gulf of Mexico prepared to resume output following Hurricane Sally.

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  • September 16th, 2020

Oil jumps as hurricane hits U.S. output while crude stocks decline

Oil prices rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore oil and gas production and an industry report showed U.S. crude inventories decreased.

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  • September 15th, 2020

Oil slips as bleaker demand outlook weighs on sentiment

Oil prices slipped on Tuesday as worries over slow recovery in global fuel demand were reinforced by warnings by major oil producers, but short-covering ahead of a meeting later this week of OPEC and its allies, known as OPEC+, limited losses.

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  • September 14th, 2020

Oil moves higher as storm threatens U.S. Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut in production, although gains were muted by concerns about excess global supplies and falling fuel demand.

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  • September 10th, 2020

UK GAS-Prices fall on oversupply, weak demand

Prompt British wholesale gas prices fell on Thursday morning as Norwegian supply increased and demand remained subdued.

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  • September 4th, 2020

UK GAS-Prices rise amid improved demand outlook, supply concerns

British wholesale gas prices rose on Friday morning, supported by an improved gas demand outlook and supply concerns. ›

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  • September 3rd, 2020

Oil prices hover around multi-week lows on demand worries

Oil prices were hovering around multi-week lows on Thursday as worries about falling U.S. gasoline demand and sluggish economic recovery from the COVID-19 pandemic dented sentiment. ›

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  • September 2nd, 2020

Oil rises to $46 on U.S. inventory drop, economy hopes

Oil rose to $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic. ›

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  • September 1st, 2020

Oil prices rise 1% as mood on dollar sours

Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. ›

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