Energy News
-
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 ...
-
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 ...
-
It's time to start the clock on the Bank of Japan decision. There is no set time for the BOJ but we are expecting today's decision in the 0230-0330 GMT range, so the watch will start in about 35 minutes. The previous BOJ decision was announced at 0334 GMT, which is at the late end of the range. The decision was a historic one as it was the first hike in 17 ...
-
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 ...
-
WTI crude oil price on Friday pulled back off the current week’s highs of about $84.46 to trade at about $84.00. The oil price appears to be trading within an ascending channel formation in the 60-minute chart. The light crude oil price continues to oscillate a few levels above the 100-hour moving average line. Friday’s pullback prevented the oil price from ...
-
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 ...
-
The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2 per cent in coming years, signalling ...
-
A project that will expand UK gas storage next year has been touted as a boon for Europe’s energy security. It’s also a substantial win for the small Gulf nation of Qatar. Some 37 ...
-
Natural gas prices in West Texas under pressure from a glut in supply sank even further into negative territory after a segment of a pipeline system was shut following a fire, ...
-
Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal ...
-
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
-
post: CHINA'S FOREIGN MINISTER WANG YI, IN MEETING WITH BLINKEN: U.S. SHOULD NOT USE TAIWAN AS A TOOL TO CONTAIN CHINA, SHOULD STOP ARMING TAIWAN, SUPPORT CHINA'S PEACEFUL 'REUNIFICATION'
-
WTI crude oil price on Friday pulled back off the current week’s highs of about $84.46 to trade at about $84.00. The oil price appears to be trading within an ascending channel formation in the 60-minute chart. The light crude oil price continues to oscillate a few levels above the 100-hour moving average line. Friday’s pullback prevented the oil price from ...
-
Main scenario: consider long positions from corrections above the level of 81.08 with a target of 94.00 – 100.00. Alternative scenario: breakout and consolidation below the level of 81.08 will allow the asset to continue declining to the levels of 76.50 – 71.00. Analysis: supposedly, a downward correction is completed as second wave of larger degree (2) on ...
-
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 ...