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Industry News from Energy Services

  • July 29th, 2022

Oil prices steady as market weighs tight supply against recession fears

Oil prices were broadly steady on Friday, lifted by supply concerns as attention turns to the next meeting between OPEC and its allies, though fears of recession capped gains. ›

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  • July 28th, 2022

Oil Extends Gains After US Crude Stockpiles Drop, Exports Soar

Oil extended gains after a big draw in US crude inventories, while the prospect of a slower pace of interest-rate hikes from the Federal Reserve filtered through markets, buoying commodities. ›

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  • July 28th, 2022

European Gas Prices Ease as Russia Flows Hold at Curbed Levels

European natural gas prices ended a six-day rally after Russian pipeline flows to the continent steadied at reduced levels, following recent volatility. ›

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  • July 27th, 2022

Russian Gas Cuts Risk Reviving Old EU Divisions This Winter

Russia’s gas cuts risk fracturing the unity of the European Union this winter as strained budgets and supply issues limit the bloc’s capacity to cope with a sudden, severe energy shortage. ›

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  • July 27th, 2022

Oil Climbs as US Crude Stockpiles Shrink Ahead of Fed Decision

Oil rose as industry data signaled a big drop in US crude inventories ahead of an expected interest-rate hike by the Federal Reserve. ›

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  • July 26th, 2022

Oil rises for a second day on supply tightness concerns

Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key oil and natural gas supplier to the region, cut gas supply through a major pipeline. ›

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  • July 25th, 2022

European Gas Prices Advance on Russian Pipeline Uncertainty

European natural gas prices rose for a fourth consecutive session, with little clarity on future volumes via a major Russian pipeline. ›

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  • July 25th, 2022

Oil steady as market juggles Fed hike with supply fears

Oil prices were relatively steady on Monday as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand. ›

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  • July 22nd, 2022

Crude Fluctuates Amid Soft European Economic Data

Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. Global benchmark Brent fell as much as 0.6%, to trade near $103 a barrel, almost $2 below its high for the day. ›

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  • July 22nd, 2022

Europe Gas Rises as Russian Supply Via Key Route Stays in Focus

European natural gas prices rose as Russian supply through a major pipeline remained at the center of traders’ attention despite stable shipments for a second day. ›

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