Energy News
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Some traders working for Exxon Mobil Corp. are set to lose their jobs because they don’t want to move from Brussels to London, according to a statement from its unions. The majority of Brussels-based trading staff at the oil giant said in an internal union-led survey that they won’t move to the British capital because of “uncompetitive” pay and a “lack of ...
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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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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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The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.4% annual gain in February, up from a 6.0% rise in the previous month. The 10- City Composite showed an increase of 8.0%, up from a 7.4% increase in the previous month. The 20- City Composite posted a year-over-year increase of 7.3%, up ...
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WTI crude oil has formed lower highs and found support at the $81.50 per barrel mark, creating a descending triangle on its short-term time frames. Price is bouncing off resistance and could be due for a dip back to the triangle support soon. However, technical indicators are hinting at a potential bullish break. The 100 SMA just crossed above the 200 SMA ...
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GE Vernova Inc. invested $10.2 million in Xlinks First Ltd., the UK company planning a massive renewable power project in Morocco and a 4,000-kilometer (2,500 miles) undersea cable to deliver the energy to Britain. The investment helped close the latest funding round for Xlinks First, capping $110 million raised to date, according to Chief Executive Officer ...
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The first quarter of 2024 has surprised on the economic front. Instead of the anticipated slowdown, coupled with US outperformance ending, what we saw was global economic activity ...
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We have raised our Asia-Pacific growth forecast for 2024 to 4.5%. IMF Director of Asia & Pacific Krishna Srinivasan presents our latest Regional Economic Outlook.
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Over the past three months, incoming U.S. economic data continue to show robust growth in the labor market, household consumption, and business investment, even as inflation ...
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China’s factory activity remained in expansion territory for the second consecutive month in April, in the latest sign that the economic recovery is picking up pace. The official ...
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Euro area annual inflation is expected to be 2.4% in April 2024, stable compared to March according to a flash estimate from Eurostat, the statistical office of the European ...
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Real gross domestic product (GDP) increased 0.2% in February, following a 0.5% gain in January. Services-producing industries (+0.2%) led the growth for a second month in a row, ...
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Natural gas is pulling higher and resuming its climb, setting its sights on longer-term resistance levels at the top of its range on the 4-hour chart. Price could aim for the $1.970 range resistance as soon as it breaks above the previous week highs around $1.900. The 100 SMA crossed above the 200 SMA to signal that the path of least resistance is to the ...
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Natural Gas: chart Natural gas gains ground as traders focus on Freeport LNG resumption and bet on a rebound from recent lows. A move above the $2.00 level will provide natural gas with a chance to gain additional upside momentum. WTI Oil: chart WTI oil is losing ground as traders react to Israel – Hamas ceasefire talks in Cairo. It should be noted that ...
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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and record energy OI of 62 million, with ...