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Industry News from Energy Services

  • July 19th, 2024

Oil prices steady as US rate-cut hopes contend with economic slowdown signals

Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. ›

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  • July 18th, 2024

Oil prices rise on bigger than expected drop in US crude stocks

Oil prices extended gains on Thursday, buoyed by a bigger than expected decline in crude stocks in the United States, the world’s largest oil consumer. ›

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  • July 17th, 2024

Oil prices ease on slowing China demand, falling US inventories cap losses

Oil prices eased on Wednesday, with global benchmark Brent hovering near a one-month low hit in the prior session on signs of weakening demand in China, although losses were capped by declining U.S. oil stockpiles. ›

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  • July 16th, 2024

Oil falls on lingering demand concerns in China

Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. ›

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  • July 15th, 2024

Gas: Prices edge lower on strong wind power output

Dutch and British gas prices edged lower on Monday morning as expectations of strong output from wind farms curbed gas demand from gas-fired power plants. ›

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  • July 15th, 2024

Oil holds ground amid political uncertainty in US, Mideast

Oil held its ground on Monday, with political uncertainty in the U.S. and the Middle East supporting prices, offsetting downward pressure from a stronger dollar and weak demand in top importer China. ›

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  • July 12th, 2024

Europe Gas Prices Poised for Biggest Weekly Decline Since April

European natural gas prices are poised for their biggest weekly loss in over two months as the region’s supply risks ease.

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  • July 12th, 2024

Oil rises as US inflation eases; Brent heads for weekly dip

Oil prices inched up on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, although Brent crude was set for a weekly decline. ›

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  • July 11th, 2024

Gas: Prices trade in a tight range on softer demand, strong inventories

Dutch and British gas prices were mixed on Thursday morning, trading in a narrow range, as strong storage inventories and softer demand eased concerns over any supply risks. ›

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  • July 11th, 2024

Oil prices rise as crude, gasoline inventories ease

Oil prices gained on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. ›

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