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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With U.S. oil production continuing to grow, the case can be made to invest in midstream. OPEC+ could extend the voluntary cuts of 2.2 million barrels per day (MMBpd) past the second quarter, the organization suggested last month. The voluntary cuts have been an attempt to prop up the price of oil and are part of 5.86 MMBpd cuts the organization has put in ...
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Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report. In April, we maintained our policy interest rate at 5% and published a revised outlook for the Canadian economy. We had three key messages. First, monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year. Second, growth in the economy looks to be picking up. We expect GDP growth to be solid this year and to strengthen further in 2025. Third, as we consider how much longer to hold the policy rate at the current level, we’re looking for evidence that the recent further easing in underlying inflation will be sustained. Before taking your questions, let me take a moment to discuss recent economic data and the outlook for growth and inflation. In Canada, growth stalled in the second half of last year and the economy moved into excess supply. The labour market also cooled from very overheated levels. With employment growing more slowly than the working-age population, the unemployment rate has risen gradually over the last year to 6.1% in March. There are also some signs that wage pressures are beginning post: BOC'S GOV. MACKLEM: IF WE CUT INTEREST RATES AND THAT WEAKENS THE C$, THAT IS SOMETHING YOU TAKE INTO ACCOUNT WITH HOW MUCH YOU NEED TO REDUCE INTEREST RATES.
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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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Federal Reserve Chair Jerome Powell’s comments after two days of policy meetings were not as hawkish as many had feared given that U.S. inflation and economic activity ...
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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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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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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 ...