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Industry News from Energy Services

  • September 30th, 2020

Oil falls second day as rising virus cases spur demand worries

Oil prices fell for a second day on Wednesday, extending large losses from the previous as rising coronavirus cases heading into the northern winter prompted concerns about further restrictions on activity that could curb fuel demand.

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  • September 29th, 2020

Oil prices drop as demand worries counter U.S. stimulus hopes

Oil prices dropped on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes generated by a new U.S. stimulus package that lawmakers are struggling to agree.

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  • September 28th, 2020

Oil falls as surging virus cases cloud demand outlook

Oil prices fell on Monday as rising coronavirus cases spur concern about demand, with the main crude benchmarks on track for their first monthly falls since April. ›

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  • September 25th, 2020

Oil heading for weekly decline as coronavirus demand concerns mount

Oil prices slipped on Friday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.

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  • September 24th, 2020

Oil falls as demand growth concerns outweigh U.S. stock drawdown

Oil prices dropped on Thursday, weighed down by concerns that U.S. economic recovery is slowing as the coronavirus outbreak lingers, while a renewed wave of COVID-19 cases in Europe have led to reimposed travel restrictions in several countries.

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  • September 23rd, 2020

Oil falls after surprise increase in U.S. crude inventories

Oil prices fell more than 1% on Wednesday after an industry group reported an unexpected rise in U.S. crude inventories, renewing concerns about fuel demand that caused a steep selloff earlier in the week.

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  • September 22nd, 2020

Oil steady as U.S. storm eases but demand recovery fears persist

Oil futures were little changed on Tuesday after sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases.

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  • September 21st, 2020

Oil prices slip on potential return of Libyan output; Gulf storm supports

Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the U.S. Gulf of Mexico limited losses.

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  • September 18th, 2020

Oil rises on supply deficit forecast and storm in Gulf

Oil prices rose for a fourth straight day on Friday as Goldman Sachs estimated the market is in deficit and a new storm started building in the Gulf of Mexico, putting crude on track for a weekly gain of about 10%.

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  • September 17th, 2020

Oil falls as demand worries re-emerge, crews return to U.S. Gulf rigs

Oil prices fell on Thursday, after rising steeply in the two previous sessions, as concerns about weak fuel demand re-emerged and producers in the Gulf of Mexico prepared to resume output following Hurricane Sally.

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