Energy News
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On Wednesday, March 27, 2024, jury deliberations took only two hours after a week-long trial to find that both SLB Monoline™ fracturing fluid delivery technology patents (US Patents 9,932,800 and 10,385,645), as asserted, were valid and that Nitro Fluids LLC had willfully infringed both of the patents to award SLB (Cameron International Corporation, a ...
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Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield exchanged hundreds of text messages discussing pricing, production and oil market dynamics with officials at the Organization of ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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Nigeria’s crude oil output sank yet again in April 2024 to around 1.18 million barrels per day, according to secondary data from Reuters. The platform said Nigerian production declined with exports falling more sharply according to some ship trackers as the Dangote refinery took in more cargoes. Also, an outage briefly affected the Bonny production stream. ...
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On Wednesday, March 27, 2024, jury deliberations took only two hours after a week-long trial to find that both SLB Monoline™ fracturing fluid delivery technology patents (US Patents 9,932,800 and 10,385,645), as asserted, were valid and that Nitro Fluids LLC had willfully infringed both of the patents to award SLB (Cameron International Corporation, a ...
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In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, production fell back in the “other manufacturing industries” (‑0.8% after +1.4%), in the manufacture of machinery and equipment goods (‑1.1% after +1.5%), in the manufacture of coke and ...
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The Bank of England’s effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK ...
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The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, ...
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Equities: Fed Chair Powell’s pushback to rate hike expectations helped NASDAQ 100 and Rusell 2000 to be the outperformers among the US equity indices, while Dow and S&P 500 also ...
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In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, ...
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UK service providers recorded a robust and accelerated upturn in business activity during April, supported by a renewed strengthening of order books. Survey respondents often ...
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Crude Oil has been falling steadily lately with analysts citing the peace deals in the Middle East. That looks like noise to me and the majority of the selloff might have been more about the combination of the de-escalation between Israel and Iran, and fears of the Fed opening the door for more tightening as that would be a headwind for demand on a forward ...
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Natural Gas: chart Natural gas gains ground as traders react to the EIA report, which indicated that working gas in storage increased by 59 Bcf from the previous week. In case natural gas settles above the $2.00 level, it will move towards the 50 MA at $2.21. WTI Oil: chart WTI oil is swinging between gains and losses as traders remain focused on the ...
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CME Group, the world's leading derivatives marketplace, today reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate, equity index, foreign exchange and options products set new April ...