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Energy Services News

  • May 22nd, 2020

Oil falls as China omits 2020 growth target amid pandemic

Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world’s second-largest oil user.

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  • May 21st, 2020

UK GAS-Prices slump on weak demand

British wholesale gas prices slumped on Thursday morning due to expectations of a drop in gas-for-power demand.

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  • May 21st, 2020

Oil prices rise to highest since March after U.S. stock drawdown

Oil prices rose on Thursday to their highest since March, as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, offsetting fears over the economic fallout from the COVID-19 epidemic.

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  • May 20th, 2020

EUROPE POWER-Friday spot tumbles on drop in demand and increased wind output

European baseload spot power prices for Friday delivery, the next trading day after a bank holiday, tumbled on Wednesday on a forecast fall in demand and a sharp rise in German wind power generation.

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  • May 20th, 2020

Oil steady as economic worries offset signs of firmer demand

Oil prices held steady on Wednesday despite signs of improving demand and a drawdown in U.S. crude inventories, as worries over the economic fallout from the coronavirus pandemic capped gains.

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  • May 19th, 2020

UK GAS-Prompt prices decline on reduced demand, high storage levels

British prompt wholesale gas prices declined on Tuesday morning on above average temperatures, reduced demand and high storage levels.

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  • May 19th, 2020

Oil gains for 4th day on signs of output cuts, better demand

Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic. ›

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  • May 18th, 2020

UK GAS-Prompt prices decline on weak gas demand

British prompt wholesale gas prices dipped on Monday morning as weak demand created oversupply in the market.

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  • May 18th, 2020

Oil prices rise more than $1 ahead of June WTI contract expiry

Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing coronavirus curbs, with U.S. oil showing no signs of last month’s contract expiry price rout.

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  • May 15th, 2020

UK GAS-Prompt prices fall on oversupply

British prompt wholesale gas prices dropped on Friday morning due to weak demand, with some curve contracts supported by other fuels.

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