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Industry News from Energy Services

  • December 23rd, 2021

Oil sheds early gains as caution returns over Omicron curbs

Oil prices shrugged off early gains on Thursday as countries imposed new travel curbs to combat surging cases, though the downside remained capped over positive developments around COVID-19. ›

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  • December 22nd, 2021

Oil prices steady as Omicron caution lingers amid renewed curbs

Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. ›

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  • December 21st, 2021

Oil prices climb but worries over Omicron linger

Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally and the possibility that countries may consider more restrictions, potentially denting fuel demand. ›

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  • December 17th, 2021

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. ›

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  • December 15th, 2021

EUROPE GAS-Prices fall from highs on supply expectations

European and British wholesale gas prices fell from the previous day’s record highs on Wednesday, pressured by an higher Russian supplies and a flat demand outlook. ›

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  • December 15th, 2021

Oil slips over 1% on bets that crude supply growth will exceed demand

Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 variants. ›

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  • December 14th, 2021

Oil prices edge higher, but Omicron coronavirus variant worries linger

Oil prices eked out small gains on Tuesday, recouping losses earlier in the day triggered by investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases. ›

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  • December 13th, 2021

EUROPE GAS-Prices jump to 2-month highs on Nord Stream 2 concerns, rising demand

European and British wholesale gas prices soared to fresh two-month highs on Monday morning, after renewed concerns of a delay to Russian gas deliveries to Europe via the contentious Nord Stream 2 pipeline and rising demand expectations. ›

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  • December 13th, 2021

Oil gains as investors see limited Omicron impact on demand

Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. ›

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  • December 10th, 2021

Oil prices edge lower, tracking biggest weekly gain since late Aug

Oil prices dipped on Friday, but were still on track to their biggest weekly gain since late August, as the easing concerns over the Omicron coronavirus variant on global growth and fuel demand drove market sentiment. ›

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