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Industry News from Energy Services

  • July 30th, 2021

UK GAS-Prices mostly down on correction, increased supply

British wholesale gas prices were mostly down on Friday morning as prices corrected gains over the past week and Norwegian imports increased. ›

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  • July 30th, 2021

Oil prices drop, but on track for weekly gain

Oil prices fell on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe. ›

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  • July 29th, 2021

UK GAS-Day-ahead prices touch fresh 3-year high on outages, weak nuclear power

Day-ahead British wholesale gas prices rose to a fresh three-year high on Thursday morning as lower supply due to outages coincided with strong demand from gas-fired power plants amid low  output from the country’s nuclear plants. ›

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  • July 29th, 2021

Oil edges higher on inventory drawdowns, Brent tops $75 a barrel

Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude oil prices pushing back past $75 a barrel. ›

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  • July 28th, 2021

UK GAS-Prices rise on lower Norwegian, domestic flows

British wholesale gas prices rose on Wednesday morning, as Norwegian and domestic flows were reduced due to outages. ›

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  • July 28th, 2021

Oil prices gain on U.S. fuel drawdown despite rising COVID-19 cases

Oil prices climbed on Wednesday after industry data showed U.S. crude and product stockpiles dropped more than expected last week, bolstering expectations that demand will outpace supply growth even amid a surge in COVID-19 infections. ›

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  • July 27th, 2021

Oil inches up as tight supply, vaccinations outweigh virus concerns

Oil prices rose on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide. ›

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  • July 26th, 2021

Oil falls $1/bbl as coronavirus, floods threaten demand

Oil prices fell nearly $1 on Monday as concerns about fuel demand from the spread of COVID-19 variants, as well as floods in China, offset expectations of tight supplies through the rest of the year. ›

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  • July 23rd, 2021

UK GAS-Prices decline as domestic flows are expected to increase

British wholesale gas prices declined on Friday morning as flows from the UK Continental Shelf are expected to increase. ›

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  • July 23rd, 2021

Oil slips but set to end week steady on tight supply

Oil fell further below $74 a barrel on Friday but was on track to end the week largely unchanged after rebounding from a sharp drop on Monday, underpinned by expectations that supply will remain tight as demand recovers. ›

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