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 Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said. Officials from the White House National Security Council, the Department of Energy and other corners of the administration ...
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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 manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners – stood at 50.4 in April compared to 50.8 in March, the National Bureau of Statistics ...
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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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A quiet micro and macro day was dominated by Treasury's QRA news (which spoiled all the fun by coming in less than some hyperbolic expectations), and Japanese intervention the FX ...
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Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers’ index for April. ...
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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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The improvement in Chinese manufacturing sector conditions extended into the start of the second quarter, according to the latest PMI data. Greater new work inflows, including ...
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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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In Q1 2024, gross domestic product (GDP) increased moderately in volume terms* (+0.2% after +0.1% in the previous quarter). Final domestic demand (excluding inventories) bounced ...
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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 ...