Energy News
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A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major disaster. The Andromeda Star, an 820-foot vessel capable of transporting about 730,000 barrels of oil, was involved in a collision ...
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Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings ...
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The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
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The latest figures confirm the pick-up in US inflation over the past few months, with the Fed signalling that interest rates are likely to stay high for longer amid more policy-makers questioning whether the neutral policy rate has risen from pre-COVID levels. Ahead of the Fed meeting on interest rates on 30 April-1 May, markets and policy-makers have been ...
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The world’s biggest refiner, China Petroleum & Chemical Corporation, or Sinopec, is accelerating plans to build its first fully-owned refinery outside China. Sinopec is set to complete a feasibility study in June to build one or two refineries in Sri Lanka as China looks to capitalize on its foreign investments. China Merchants Port Holdings has developed ...
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The Baker Hughes rig count for the current week shows: • Oil rigs: 506 vs 511 • Natural gas rigs:105 vs 106. • Total rigs: 613 vs 619 last week. Crude oil is trading up $0.22 at $83.80.Baker Hughes: US oil rig count down by 5 to 506 The number of oil rigs in the United States stood at 506 in the week ending April 26, decreasing by five ...
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Mark Matthews, head of Asia research at Julius Baer, explains why he sees three interest rate cuts by the Federal Reserve this year.
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Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell. Bloomberg Economics’ Fed sentiment index — powered by a natural language processing ...
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There is some mystery about the Chinese economy right now. Despite a chorus of warnings about China’s economic woes - from the downturn in the real estate sector to subdued ...
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post: ECB'S WUNSCH TO ECONOSTREAM: ECB SHOULD BE CAUTIOUS ABOUT A JULY CUT.
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post: BoJ’s Ueda: Monetary Policy Is Not Aimed To Control FX Rates Directly -Weak Yen So Far Is Not Having A Big Impact On Trade Inflation
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Natural gas is still in correction mode, with price bouncing off the 61.8% Fibonacci retracement level seen on its 4-hour time frame. A deeper correction could still reach the channel bottom at $1.700 to attract more buyers. If any of these support zones are enough to keep losses in check, natural gas could resume the climb to the swing high at $1.889 near ...
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Today you will see CRUDE OIL price prediction based on the technical analysis. What is the support and resistance on the daily time frame for USWTI. What to expect where the price will breakout for the USWTI based on the supply and demand zones.
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The Funded Trader, a prop trading firm that halted payouts and temporarily suspended services for three weeks, came back online last week and is now in the process of moving its base from the United States to the Cayman Islands. “The Funded Trader LLC, headquartered in the USA, is currently in the process of transitioning its operations to an entity located ...