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Industry News from Energy Services

  • April 27th, 2022

Oil extends gains on Russia gas tension, China stimulus hopes

Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. ›

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  • April 26th, 2022

Oil steadies after sharp fall; focus on China growth

Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China’s fuel demand were soothed by the central bank’s pledge to support an economy hit by renewed COVID-19 curbs. ›

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  • April 25th, 2022

Oil slides to 2-week lows as Shanghai lockdowns stoke demand worries

Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and demand for fuel. ›

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  • April 22nd, 2022

European Gas Extends Gains Amid Lower Norwegian, Russian Flows

Natural gas prices in Europe extended gains as Norwegian flows plunged further amid planned works, while Russian shipments remained low. ›

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  • April 22nd, 2022

Oil edges higher on concerns over Russia, Libya supply disruption

Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade. ›

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  • April 21st, 2022

Oil firms as investors focus on supply drop from Russia, Libya

Oil prices rose on Thursday as concerns about supply due to a potential European Union (EU) ban on Russian oil came to the fore, days after diminished supplies from Libya rocked the market. ›

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  • April 20th, 2022

Oil prices rebound after sharp losses as supply concerns dominate

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week. ›

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  • April 19th, 2022

Oil volatile as Libya outage fuels supply woes, Shanghai prepares to reopen

Oil prices see-sawed on Tuesday as investors fretted over tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. ›

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  • April 14th, 2022

Gas: Prices fall ahead of long Easter holiday

British and European wholesale gas prices fell on Thursday on strong LNG arrivals and as market players cover their positions ahead of a long Easter holiday running from Friday through Monday amid geopolitical uncertainty. ›

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  • April 14th, 2022

Oil prices fall as market weighs mixed supply signals

Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. ›

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