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Industry News from Energy Services

  • January 18th, 2012

Crude Trades Near Three-Day High as Iran Tension Counters Economic Outlook

Oil traded near the highest level in three days in New York as speculation supplies from Iran will be disrupted countered concern that economic growth will slow. ›

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  • January 13th, 2012

Oil Advances as Europe Economic Optimism Counters EU Iran Embargo Delay

Oil advanced in New York, trimming the biggest weekly decline in a month, as signs Europe’s debt crisis is easing countered indications a proposed embargo on Iranian crude will be delayed. ›

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  • January 10th, 2012

Oil Advances for First Day in Four on Iranian Dispute, Euro Debt Meeting

Oil rose in New York for the first time in four days as Venezuela said OPEC shouldn’t intervene to offset sanctions against Iran and European leaders are scheduled to discuss strategies for resolving their debt crisis. ›

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  • January 6th, 2012

Refinery closures raise fears on oil prices

Growing tension with Iran and a threat to global crude supplies may be dominating oil traders’ attention but a potentially bigger story is breaking on the demand side of the market. ›

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  • January 3rd, 2012

Crude Advances in New York Amid Manufacturing Expansion, Tension Over Iran

Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply. ›

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