Energy News
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The technical carbon, which is heavily used in industry, especially in the production of tires, will now be produced in the wastewater treatment process. This will not only add economic benefits but also help reduce pollution. The daily processing of 120 tons of sludge into diesel and carbon black is the company's top priority for this year. This fuel can ...
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Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
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When talking about the structure of the forward curve in the WTI futures market, there are two market terms traders should be familiar with. 1) Contango, when the forward price of a futures contract is higher than the spot price. 2) Backwardation, when the forward price of the futures contract is lower than the spot price. An oil lesson with Bob Iaccino ...
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The path forward for OPEC+ is perilously narrow. Some members are laser-focused on a higher oil price to balance their budgets, while others prioritize volume. Some members are overproducing while others continue to accept voluntary cuts. African members feel neglected. Russia, Iran and Venezuela remain under sanction. Production quotas have contributed to ...
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post: IEA: GLOBAL OIL DEMAND WILL RISE TO NEARLY 106 MLN BPD TOWARD END OF DECADE FROM AROUND 102 MLN BPD IN 2023. post: IEA: OIL DEMAND IN ADVANCED ECONOMIES WILL FALL TO LESS THAN 43 MLN BPD BY 2030 FROM CLOSE TO 46 MLN BPD IN 2023. post: IEA: NON-OPEC+ PRODUCERS LED BY US WILL MAKE UP THREE-QUARTERS OF PRODUCTION CAPACITY INCREASE TO 2030. post: IEA LOWERS 2024 DEMAND GROWTH FORECAST BY 100,000 BPD TO 960,000 BPD.
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Natural Gas: chart Natural gas gains ground as traders focus on weather forecasts, which predict strong demand from June 13. In case natural gas settles above the resistance at $3.02 – $3.09, it will head towards the next resistance level, which is located in the $3.28 – $3.32 range. WTI Oil: chart WTI oil is mostly flat as traders react to OPEC 2024 ...
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Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal ...
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The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s ...
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The stunning results from the European election hammered home one reality for leaders on both sides of the Atlantic: People don’t like you messing with their cars. The EU’s plan ...
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Monthly real gross domestic product (GDP) is estimated to have shown no growth in April 2024, following growth of 0.4% in March 2024. Real gross domestic product is estimated to ...
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Chinese consumer price index inflation grew less than expected in May as consumption remained largely languid in the face of an uncertain economic recovery. But producer price ...
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post: IEA: GLOBAL OIL DEMAND WILL RISE TO NEARLY 106 MLN BPD TOWARD END OF DECADE FROM AROUND 102 MLN BPD IN 2023. post: IEA: OIL DEMAND IN ADVANCED ECONOMIES WILL FALL TO LESS THAN 43 MLN BPD BY 2030 FROM CLOSE TO 46 MLN BPD IN 2023. post: IEA: NON-OPEC+ PRODUCERS LED BY US WILL MAKE UP THREE-QUARTERS OF PRODUCTION CAPACITY INCREASE TO 2030. post: IEA LOWERS 2024 DEMAND GROWTH FORECAST BY 100,000 BPD TO 960,000 BPD.
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Natural gas prices are still elevated, as risk-on flows stemming from upgraded EIA oil demand forecasts and the World Bank’s 2024 GDP growth forecasts lifted commodities. The updated Fibonacci retracement levels show where buyers might be waiting to join in the rally in the event of pullbacks. The 38.2% Fib is at $2.778 near the 100 SMA dynamic support, ...
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Brent oil quotes continue to move within the framework of growth development and have left the bearish channel. At the time of publication of the forecast, the price of Brent oil is $81.51 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...