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  • NOAA Reveals Outlook for 2023 Atlantic Hurricane Season

    From rigzone.com

    The National Oceanic and Atmospheric Administration (NOAA) has revealed its outlook for the 2023 Atlantic hurricane season, which goes from June 1 to November 30, in a statement posted on its site. The outlook predicts a 40 percent chance of a near-normal season, a 30 percent chance of an above-normal season, and a 30 percent chance of a below-normal season, NOAA highlighted in the statement, adding that the organization is forecasting a range of 12 to 17 total named storms. Of those, five to nine could become hurricanes, including one to four major hurricanes, according to NOAA, which said that it has a 70 percent ... (full story)

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    Chevron cuts 2023 Venezuela oil outlook

    From argusmedia.com|May 30, 2023

    US oil major Chevron is lowering its estimated year-end oil production target in Venezuela from 200,000 b/d to 175,000 b/d, according to sources familiar with operations, citing ...

    US natgas futures drop 4% on record U.S. output, lower demand forecast

    From nasdaq.com|May 30, 2023

    U.S. natural gas futures dropped about 4% on Tuesday on record U.S. output and forecasts for milder U.S. weather and lower demand over the next two weeks than previously expected. ...

    What Have OPEC+ Producers Said Ahead of June Oil Policy Meeting?

    From money.usnews.com|May 30, 2023

    Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude ...

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    World’s Biggest Coal Miner Boosts Prices to Offset Rising Costs

    From bnnbloomberg.ca|May 30, 2023

    Coal India Ltd. increased prices of the commodity for long-term buyers as the world’s largest miner seeks to offset higher staff salaries. The Kolkata-based company will raise ...

    Crude Oil Technical Forecast: WTI Bears Charge into Critical Support

    From forex.com|May 30, 2023

    Crude oil prices plunged more than 3% into the open with WTI testing make-or-break support for fifth conservative week. The focus remains on possible inflection here into the ...

    Global wind turbine order intake sets Q1 record, increases 27% YOY

    From woodmac.com|May 30, 2023

    Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie. ...

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  • Posted: May 30, 2023 1:32pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 185
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