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Industry News from Energy Services

  • September 14th, 2023

European Gas Prices Swing as Weak Demand Counter Outages

European natural gas prices fluctuated as traders weighed weak demand against supply disruptions from Australia to Norway. ›

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  • September 14th, 2023

Oil rebounds as markets refocus on supply tightness

Oil prices rebounded on Thursday after falling in the previous session as markets turned their attention back to a tighter crude supply outlook for the rest of 2023, with demand set to stay robust through to next year. ›

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  • September 13th, 2023

Oil near 10-month peak on supply tightness, US inflation data awaits

Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. ›

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  • September 12th, 2023

Brent holds above $90; markets await data for clues on Fed, ECB outlooks

Brent crude futures held above $90 a barrel on Tuesday, with investors looking out for macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe. ›

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  • September 11th, 2023

Oil prices ease but supply cuts keep Brent above $90/bbl

Oil prices eased on Monday as a stronger U.S. dollar and economic concerns in China weighed on the outlook for fuel demand, but extended supply cuts by Saudi Arabia and Russia helped keep Brent above $90 a barrel. ›

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  • September 11th, 2023

European Gas Extends Rally as Australia LNG Strikes Continue

European natural gas prices rose for a third straight session as strikes continue at export sites in Australia. ›

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  • September 8th, 2023

Strikes start at major Chevron Australia LNG projects, no talks planned

Workers at Chevron’s liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply. ›

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  • September 8th, 2023

Oil holds steady as Saudi cuts balance macroeconomic gloom

Oil prices were stable on Friday, as investors weighed fears about the health of China’s economy against supply cuts from major producers Saudi Arabia and Russia. ›

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  • September 7th, 2023

Oil falls on concerns about China, winter demand

Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. ›

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  • September 6th, 2023

European Gas Fluctuates as Traders Await Australia Strike News

European natural gas prices fluctuated as a recent recovery in imports of tanker-borne fuel cushioned risks posed by looming strikes in Australia. ›

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