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Industry News from Energy Services

  • December 9th, 2021

EUROPE GAS-Prices fall as Norwegian flows jump, demand set to drop

European and British wholesale gas prices fell on Thursday following a sharp rise in flows from Norway after the end of an outage at the Troll field and an expected drop in demand amid milder weather. ›

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  • December 9th, 2021

Oil adds to gains as worries over Omicron ease

Oil prices rose on Thursday, extending gains into a fourth session on positive comments from vaccine makers about their efficacy against the Omicron variant, even as some governments stepped up curbs to stop its rapid spread. ›

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  • December 8th, 2021

EUROPE GAS-Prices move upward on supply concerns, lower Norwegian exports

European and British wholesale gas prices rose on Wednesday morning on concerns over supply with low stock levels and as outages in Norway curbed exports. ›

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  • December 8th, 2021

Oil prices ease as investors wait for more on Omicron’s potential impact

Oil prices eased on Wednesday, taking a breather after gains earlier this week, as investors waited for more information on to what extent the Omicron coronavirus variant will likely hurt the global economy and fuel demand. ›

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  • December 7th, 2021

EUROPE GAS-Prices rise on cooler temperatures, supply fears

European and British wholesale gas prices rose on Tuesday morning with cooler temperatures and concerns over winter supply buoying the market. ›

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  • December 7th, 2021

Oil prices climb over $1/bbl as Omicron fears ease, Iran delay

Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude. ›

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  • December 6th, 2021

EUROPE GAS-Prices continue downward trend on mild weather forecast

European and British wholesale gas prices continued their downward trend on Monday morning on milder weather forecasts, lower demand for heating and high Liquefied Natural Gas (LNG) send out. ›

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  • December 6th, 2021

Oil rebounds by more than $1 after Saudi price hike

Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse. ›

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  • December 2nd, 2021

EUROPE GAS-Prices fall on milder outlook, more wind power

European and British wholesale gas prices fell on Thursday morning on the back of a milder weather forecast and an uptick in wind output cutting demand for gas from power plants. ›

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  • December 2nd, 2021

Oil rises as investors focus on OPEC+ decision amid growing Omicron fears

Oil prices rose on Thursday, more than recouping the previous day’s losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears the Omicron coronavirus variant will hurt fuel demand. ›

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