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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The United Arab Emirates state-owned oil company, Adnoc, has updated its maximum crude oil production capacity figure—and without much fanfare. ADNOC has quietly updated the figure on its website but did not make an official announcement. The new capacity is 4.85 million barrels per day (bpd)—up from the 4.65 million bpd that it published in 2023. Its ...
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In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, production fell back in the “other manufacturing industries” (‑0.8% after +1.4%), in the manufacture of machinery and equipment goods (‑1.1% after +1.5%), in the manufacture of coke and ...
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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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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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Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a ...
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The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, ...
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In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%). In March 2024, ...
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UK service providers recorded a robust and accelerated upturn in business activity during April, supported by a renewed strengthening of order books. Survey respondents often ...
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Natural gas has formed lower highs and higher lows to create a symmetrical triangle on its hourly time frame. Price is just bouncing off the triangle top around $1.850 and might be due for another dip to support. However, the 100 SMA just crossed above the 200 SMA to suggest that the path of least resistance is to the upside or that resistance is more ...
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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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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 ...