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Industry News from Energy Services

  • May 31st, 2023

European Gas Slips as Sluggish Chinese Data Damps LNG Demand

European natural gas resumed declines as traders focused on sluggish demand, high renewables output and concerns over China‚Äôs economic recovery. ›

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  • May 31st, 2023

Oil falls further as weak China data offsets US debt ceiling progress

Oil prices extended losses early on Wednesday as worries of slowing demand from top oil importer China after the release of weaker-than-expected economic data outweighed some positive progress on the U.S. debt ceiling bill. ›

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  • May 30th, 2023

Oil falls on US debt deal struggles, OPEC+ talks uncertainty

Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. ›

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  • May 26th, 2023

European Gas Tumbles in Longest Run of Weekly Losses Since 2007

European natural gas prices dropped on Friday in their longest run of weekly losses since 2007, with demand proving stubborn to return as the economy shows few signs of a meaningful recovery. ›

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  • May 26th, 2023

Oil broadly steady amid OPEC+ supply cut uncertainty, demand worries

Oil prices were broadly stable on Friday, as the market weighed in on conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting, a stronger U.S. dollar and worries of weaker-than-expected demand growth. ›

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  • May 25th, 2023

European Gas Slumps Again as Industries Struggle to Boost Demand

European natural gas prices fell further from the lowest level in almost two years as a weak regional economy hits the prospects for demand. ›

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  • May 25th, 2023

Oil stable as investors weigh US debt uncertainty, potential OPEC+ cuts

Oil prices were little changed on Thursday as uncertainty over whether the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts. ›

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  • May 24th, 2023

Europe Gas Falls Further as Traders Eye Weaker Demand Prospects

European natural gas prices declined further to the lowest level in nearly two years as demand prospects for the region remain bleak. ›

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  • May 24th, 2023

Oil prices rise as much as $1 on concerns over tightening supply

Oil prices pared their gains on Wednesday but were still solidly bid, after U.S. inventories and fuel supplies tightened and as a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. ›

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  • May 23rd, 2023

Gas: Prices mixed as Norway outage weighs despite healthy inventories

British and Dutch wholesale gas prices were mixed on Tuesday as worries over an outage extension in Norway offset healthy inventories and strong flows of liquefied natural gas (LNG). ›

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