Energy News
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An indictment was unsealed today in the Eastern District of Virginia charging seven men with racketeer influenced and corrupt organizations (RICO) conspiracy and money laundering conspiracy in connection with their alleged participation in a large-scale gas pump skimming device organization. According to court documents, the defendants, led by Eduardo ...
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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At the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank's monetary policy stance was “in a good place”, but it is obvious that officials are concerned about the recent lack of progress on inflation. Rate hikes remain unlikely, but the Fed is prepared to leave interest rates at current levels until that progress is achieved or the ...
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U.S. wholesale and retail propane prices were slightly lower on average this winter than last winter, largely because of mild weather and robust propane inventories heading into this winter heating season. Despite lower prices and lagging domestic demand, however, continuing international demand for U.S. propane contributed to large withdrawals and left ...
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post: BOE GOV. BAILEY: QT CAN CONTINUE EVEN DURING RATE CUTTING CYCLE. post: BOE GOV. BAILEY: WE CAN HAVE LESS RESTRICTIVE RATES IF DATA TRACKS THE OUTLOOK.
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Release of the Financial Stability Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).
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Our Monetary Policy Committee (MPC) decides what monetary policy action to take. The MPC sets and announces policy eight times a year (roughly once every six weeks). In this ...
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At the May FOMC meeting, Federal Reserve Chair Jerome Powell suggested the Bank's monetary policy stance was “in a good place”, but it is obvious that officials are concerned ...
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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post: BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES post: BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES. post: BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES. post: BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS. post: BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
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post: UK BOE DEP. GOV. BROADBENT: MARKET RATE CURVE MAY BE A LITTLE HIGH, BUT IT DOESN'T MEAN IT IS UNREASONABLE.
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video Natural gas triggered a bullish continuation today as it rallied above the prior trend high of 2.27. It is on track to possibly close above that price level and confirm the breakout. It will be a clearer sign of strength if it does close above 2.27. Resistance for the day was seen at a high of 2.31, an interim target defined from a prior swing low. ...
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In recent days, I have been banging on about a potential recovery in oil prices following their 10% decline from the peak of April. On Wednesday, we finally saw a decent rally. But while that may be a bullish signal, the bulls still need to do a little more before one can confidently call it the bottom. For now, though, the downside looks to be limited as ...
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CME Group, the world's leading derivatives marketplace, today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: • Record ADV of 17.8K contracts, up 54% year-over-year • Record ADV for WTI Midland contracts of 7.1K, ...