Energy News
-
The former CEO of one of the United States’ top oil companies fired back Tuesday on the Federal Trade Commission’s allegations that he had colluded with OPEC to boost fuel prices — contending the agency “unjustly smeared” him. Lawyers for Scott Sheffield, the former chief executive of Texas-based Pioneer Natural Resources, filed paperwork demanding that the ...
-
A wind farm in Scotland will pay Ł33.14 million ($42.3 million) to UK energy regulator Ofgem for breaching energy market rules. Beatrice Offshore Windfarm Ltd., broke rules when it charged excessive prices to reduce its output to ease pressure on the grid, “pushing up costs for consumers,” Ofgem said in a statement. The action follows a Bloomberg ...
-
When Storm Isha hit Northern Ireland and northern Britain in January 2024, wind gusts of almost 100mph caused widespread damage to property. This strong extra-tropical cyclone also influenced both the insurance and energy sectors. Isha resulted in damages which required the insurance industry to pay out approximately €500 million (Ł427 million). That’s a ...
-
In the week ending May 25, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 222,500, an increase of 2,500 from the previous week's revised average. The previous week's ...
-
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) announced today that New York is the first state in the nation to launch their Home Energy Rebates program, created by the Inflation Reduction Act. New York’s program will allow more low-and-middle income families to take advantage of efficiency and clean energy ...
-
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. A key reason for the delay in rate cuts is that the inflation pressures that are bedeviling the economy are ...
-
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) announced today that New York is the first state in the nation to launch their Home ...
-
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing ...
-
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods. Gross domestic product rose 1.3% ...
-
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024 (table 1), according to the "second" estimate released by the Bureau of ...
-
In the week ending May 25, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 3,000 from the previous week's revised level. The previous week's ...
-
Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The ...
-
WTI crude oil futures with delivery in July have failed to surpass the 80.00 level once again and are currently returning below the 200-day simple moving average (SMA). The price has been developing within a narrow range of 76.58-80.00 since the beginning of the month. According to the technical oscillators, the RSI indicator is falling from the overbought ...
-
video Natural gas continued to strengthen on Wednesday, following a successful test of support around the 200-Day MA earlier in the week. The high of the day was 2.85 and it was reached on a gap at the opening of the session. It provided a retest of resistance around recent highs. Last Thursday a trend high of 2.92 was reached before sellers took charge ...
-
RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...