Energy News
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The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another company. The ex-husband, Tyler Loudon, also was sentenced to one year of supervised release after his prison term and fined ...
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British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. The fines were issued by the Prudential Regulation Authority and the Financial Conduct Authority, whose investigation focused on the period between April 1, 2018, and May 31, 2022. Citi ...
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Analysts have used technical indicators for years. They analyze historical data, looking at past price movements to speculate on the future price direction of financial instruments. These indicators rely on patterns and gather data from price, volume, or open interest. It's crucial to understand that technical indicators work reactively; they don't predict ...
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Working gas in storage across the United States amounted to 2,711 billion cubic feet in the week ending May 17, according to a report released by the Energy Information Administration (EIA) on Thursday. The reading marks a net increase of 78 billion cubic feet compared to the previous week. In comparison to the same period a year earlier, gas stocks rose ...
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In our previous FRED Blog post, we argued that the price of electricity varies by region and fluctuates but does not appear to increase with respect to other goods. Today, we take a quick look at the price of natural gas. In the FRED graph above, we’re looking at the price of natural gas at a particular location: the Henry Hub in Erath, Louisiana. This is ...
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The Global Upstream Update is a regular insight produced for global subscribers to our Upstream Service. Emerging stories in this edition range from decarbonisation legislation in the UK to deepwater developments in Guyana. Fill in the form for your copy of an extract from the report or read on for a quick introduction to three key themes our team will be ...
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U.S. Treasury Secretary Janet Yellen said on Thursday that G7 finance ministers will discuss their concerns about China's excess industrial capacity and potential responses, ...
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Federal Reserve officials of late have been worried both about the persistence of inflation and a slowing economy, minutes of the central bank’s recent meeting released on ...
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Initial applications for US unemployment benefits fell last week, remaining subdued as both demand for workers and layoffs ease. First-time claims decreased by 8,000 to 215,000 in ...
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In the week ending May 18, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 8,000 from the previous week's revised level. The previous week's ...
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US business activity growth accelerated sharply to its fastest for just over two years in May, according to provisional PMI survey data from S&P Global, signalling an improved ...
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2024. Sales of new ...
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video WTI crude oil tested the bottom range of a two plus week tight consolidation zone with today’s low of 76.90. That is a six-day low and crude oil is on track to close at its lowest daily closing price since February 26, not to mention the lowest daily close of the current consolidation phase. This is a sign of weakening, although within ...
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There seemed to be relatively low volatility for oil prices since last week’s report. In the current report, we intend to have a look at the state of the US oil market, the role of the USD in determining oil prices and the production outlook of OPEC and Russia under the prospect of the OPEC+ meeting on June 1st. To conclude the report we will also provide a ...
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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 ...