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Industry News from Energy Services

  • September 20th, 2023

Oil falls $1 ahead of Fed rate decision

Oil prices fell nearly $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. ›

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  • September 19th, 2023

European Gas Declines as Supply Risks Ease and Fuel Demand Tepid

European natural gas prices extended their decline as supply risks waned amid muted demand for the fuel. ›

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  • September 19th, 2023

Oil prices rise on supply deficit concerns

Oil prices rose on Tuesday for a fourth consecutive session as weak U.S. shale output spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. ›

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  • September 18th, 2023

Oil climbs on supply concerns, recovery in China demand

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and by optimism about a recovery in demand in China. ›

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  • September 15th, 2023

Oil set to rise for a third week on strong China economic data

Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world’s second-largest crude consumer will continue to surge. ›

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  • September 14th, 2023

European Gas Prices Swing as Weak Demand Counter Outages

European natural gas prices fluctuated as traders weighed weak demand against supply disruptions from Australia to Norway. ›

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  • September 14th, 2023

Oil rebounds as markets refocus on supply tightness

Oil prices rebounded on Thursday after falling in the previous session as markets turned their attention back to a tighter crude supply outlook for the rest of 2023, with demand set to stay robust through to next year. ›

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  • September 13th, 2023

Oil near 10-month peak on supply tightness, US inflation data awaits

Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. ›

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  • September 12th, 2023

Brent holds above $90; markets await data for clues on Fed, ECB outlooks

Brent crude futures held above $90 a barrel on Tuesday, with investors looking out for macroeconomic data that could indicate whether interest rates will rise further in the United States and Europe. ›

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  • September 11th, 2023

Oil prices ease but supply cuts keep Brent above $90/bbl

Oil prices eased on Monday as a stronger U.S. dollar and economic concerns in China weighed on the outlook for fuel demand, but extended supply cuts by Saudi Arabia and Russia helped keep Brent above $90 a barrel. ›

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