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Industry News from Energy Services

  • January 25th, 2017

Oil slips on rising U.S. inventories, awaits EIA data

Oil prices fell on Wednesday after builds in U.S. inventories reinforced expectations that increasing shale output this year would reduce the impact of production cuts by OPEC and other major exporters. ›

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  • January 24th, 2017

Power prices for Thursday delivery tumble as milder weather approaches

European electricity prices for Thursday delivery fell on Tuesday as consumption is expected to ease on the back of milder weather following a prolonged cold spell. ›

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  • January 24th, 2017

Oil Rises Above $53 as Iraq Says Close to Full OPEC Cut Pledge

U.S. oil advanced to trade above $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories.

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  • January 23rd, 2017

Oil prices edge up on market caution over OPEC cuts

Oil prices are edging up in Asia on Monday after the Organization of the Petroleum Exporting Countries said it was near its target of cutting 1.8 million barrels of crude oil a day, two months after committing to the deal. ›

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  • January 23rd, 2017

UK Gas – Prices decline on robust Norwegian supply, low wind output

British wholesale gas prices declined on Monday morning due to healthy supplies of gas from Norway, even though consumption was higher on cold temperatures and low wind output. ›

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  • January 20th, 2017

Oil rises for second day as supply tightens, but US stocks weigh

U.S. oil climbed for a second day on Friday underpinned by expectations of tighter supply, but prices remained in a range as they were pressured by rising U.S. inventories. ›

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  • January 20th, 2017

German Monday baseload power price rises to 69.5 euros/MWh

German baseload power delivery for next Monday rose to 69.5 euros ($74.13) a megawatt-hour in early trading on the European wholesale market early on Friday , which was up by 5.3 percent from the price paid for Friday, the last comparable weekday.

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  • January 19th, 2017

Oil Resumes Advance as Report Shows U.S. Crude Stockpiles Drop

Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC and other producing nations trim production to ease a global glut. ›

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  • January 18th, 2017

Oil rises on weaker dollar, US production outlook caps gains

Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. ›

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  • January 17th, 2017

Brent Oil Trades Above $56 as Saudis See Market Balanced by June

Brent oil traded above $56 a barrel after Saudi Arabia said output cuts from OPEC and other producers will balance the market by June. ›

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