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Industry News from Energy Services

  • October 2nd, 2025

Oil rises on Russia sanctions fears; oversupply worries cap gains

Oil prices rose on Thursday following losses in the previous three sessions as the potential for tighter sanctions on Russian crude lent some support, though concerns about oversupply in the market capped gains. ›

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  • October 1st, 2025

Oil pauses as markets assess OPEC+ plans, demand concerns

Oil prices steadied on Wednesday after falling for two days as investors weighed OPEC+ plans for a larger output hike next month while data from the U.S. and Asia showed signs of demand waning. ›

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  • September 30th, 2025

Oil Extends Drop as Traders Weigh Oversupply Ahead of OPEC+ Meet

Oil slid for a second session as the market weighed a looming oversupply. ›

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  • September 29th, 2025

Oil prices slip as Kurdistan resumes crude exports, OPEC+ plans output hike

Oil prices dropped on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend, coupled with OPEC+ plans for another oil production hike in November, adding to global supplies. ›

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  • September 26th, 2025

Oil set for biggest weekly gain in three months as Russia cuts fuel exports

Oil prices edged up on Friday, on track to climb more than 4% for the week, as Ukraine’s attacks on Russia’s energy infrastructure prompted Moscow to curb fuel exports and brought it close to cutting crude output. ›

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  • September 25th, 2025

Oil pulls back from seven-week high amid cautious outlook

Oil prices eased in Asian trade on Thursday, retreating from the previous session’s seven-week high, as investors took money off the table in anticipation of slower winter demand and the return of Kurdish supplies. ›

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  • September 23rd, 2025

Oil extends declines after Iraq, Kurdish governments agree to restart oil pipeline

Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil pipeline added to oversupply concerns. ›

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  • September 22nd, 2025

Oil climbs as tensions flare in Europe, Middle East

Oil prices gained on Monday supported by geopolitical tensions in Europe and the Middle East, although the prospect of more oil supply and concerns about the impact of trade tariffs on global fuel demand weighed. ›

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  • September 19th, 2025

Oil prices fall as demand concerns overshadow buoyancy on US rate cut

Oil prices fell on Friday as worries about fuel demand in the United States outweighed expectations that the year’s first interest rate cut by the Federal Reserve would spur greater consumption. ›

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  • September 18th, 2025

Oil edges lower amid worries over US economy, market oversupply

Oil prices declined for a second session on Thursday, after the Federal Reserve cut interest rates as expected and traders focused on concerns about the U.S. economy and excess supplies. ›

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