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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Monthly production output was estimated to have risen by 0.2% in March 2024; this follows a rise of 1.0% in February 2024 (revised down 0.1 percentage point) and a fall of 0.5% in January 2024 (revised down 0.2 percentage points). The monthly increase in output for March 2024 resulted from a rise in two of the four production sectors, with the largest ...
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The value of goods imports decreased by £1.2 billion (2.5%) in March 2024, because of falls in imports of machinery and transport equipment and fuels. The value of goods exports decreased by £0.4 billion (1.3%) in March 2024, with a fall in exports to non-EU countries partially offset by a rise in exports to the EU. There is no evidence that recent ...
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Monthly construction output is estimated to have decreased 0.4% in volume terms in March 2024; this came from decreases in both new work (0.7% fall) and repair and maintenance (0.1% fall). At the sector level, five out of the nine sectors saw a fall in March 2024, with the main contributors to the monthly decrease seen in infrastructure new work, and ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...
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Equities: US stocks closed higher with the S&P 500 Index cresting past a one-month high, spurred by a deceleration in the labor market and dovish remarks from Fed President Mary ...
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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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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 ...
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Monthly real gross domestic product (GDP) is estimated to have grown by 0.4% in March 2024, following growth of 0.2% in February 2024 (revised up from 0.1% growth in our previous ...
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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, ...