Energy News
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The former CEO of one of the United States’ top oil companies fired back Tuesday on the Federal Trade Commission’s allegations that he had colluded with OPEC to boost fuel prices — contending the agency “unjustly smeared” him. Lawyers for Scott Sheffield, the former chief executive of Texas-based Pioneer Natural Resources, filed paperwork demanding that the ...
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A wind farm in Scotland will pay Ł33.14 million ($42.3 million) to UK energy regulator Ofgem for breaching energy market rules. Beatrice Offshore Windfarm Ltd., broke rules when it charged excessive prices to reduce its output to ease pressure on the grid, “pushing up costs for consumers,” Ofgem said in a statement. The action follows a Bloomberg ...
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When Storm Isha hit Northern Ireland and northern Britain in January 2024, wind gusts of almost 100mph caused widespread damage to property. This strong extra-tropical cyclone also influenced both the insurance and energy sectors. Isha resulted in damages which required the insurance industry to pay out approximately €500 million (Ł427 million). That’s a ...
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The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s Ingosstrakh Insurance Co., as part of efforts to choke revenue generating streams that Moscow needs to finance its war against Ukraine. The proposal, which may require the EU to expand its listing criteria, aims to target one of the ...
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Fifth District manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index increased from -7 in April to 0 in May. Of its three component indexes, shipments increased from -10 to 13, new orders increased from -9 to -6, and employment fell from ...
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Natural gas broke below its rising trend line to signal that a reversal from the uptrend is due. Price might be in for a retest of the former support that might now hold as resistance. The Fibonacci retracement tool shows additional levels where sellers might be waiting. The 38.2 Fib is close by at $2.620, then the 50% level is at $2.665 near the former ...
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The most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is ...
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After years of either declining or stable domestic natural gas production, the Republic of the Congo, also known as Congo Brazzaville, began exporting liquefied natural gas (LNG) ...
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Another Queensland open pit gold mine could soon be converted into a mammoth pumped hydro storage project after its developers this week submitted the environmental impact ...
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post: #GERMANY 'S HESSE MAY CONSUMER PRICES RISE 1.9% Y/Y - BBG *GERMANY'S SAXONY MAY CONSUMER PRICES RISE 3.1% Y/Y *GERMANY'S NRW MAY CPI RISES 2.5% Y/Y *GERMANY'S BAVARIA MAY CPI RISES 2.7% Y/Y *GERMANY'S BRANDENBURG MAY CPI RISES 2.9% Y/Y
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' ...
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Fifth District manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite ...
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Crude oil has been falling steadily since topping around the $87.50 level following the mutual retaliations between Iran and Israel. The drop has been kind of a head-scratcher as the market didn’t respond positively to the global growth expectations amid China and other major central banks policy easing, improving PMIs and OPEC+ extending the voluntary ...
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Natural gas broke below its rising trend line to signal that a reversal from the uptrend is due. Price might be in for a retest of the former support that might now hold as resistance. The Fibonacci retracement tool shows additional levels where sellers might be waiting. The 38.2 Fib is close by at $2.620, then the 50% level is at $2.665 near the former ...
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RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...