Energy News
-
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 ...
-
Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings ...
-
The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
-
Natural gas is still in correction mode, with price bouncing off the 61.8% Fibonacci retracement level seen on its 4-hour time frame. A deeper correction could still reach the channel bottom at $1.700 to attract more buyers. If any of these support zones are enough to keep losses in check, natural gas could resume the climb to the swing high at $1.889 near ...
-
If the ongoing turmoil in the Middle East boils over, U.S. consumers probably shouldn't bank on a familiar government tool to ease the potential impact on what they pay for gasoline. The U.S. government created that tool, the Strategic Petroleum Reserve, in 1975 to maintain an emergency reserve of hundreds of millions of barrels of oil. 1 But it currently ...
-
The largest crude oil pipeline exiting the Permian Basin by volume — Wink to Webster (W2W) — is planned to be offline for maintenance for the first 10 days of June. This is inclusive of Enterprise’s Midland-to-ECHO III (ME III), which reflects the company’s 29% undivided joint interest in W2W. Although the outage has not been publicly confirmed, it’s our ...
-
Mark Matthews, head of Asia research at Julius Baer, explains why he sees three interest rate cuts by the Federal Reserve this year.
-
Hamas said Sunday it had no “major issues” after reviewing Israel’s latest proposal for a long-sought truce and hostage-release deal in the Gaza Strip after almost seven months of ...
-
Japan and the European Union will agree to deepen cooperation on economic security, including strengthening supply chain resilience for semiconductors and other critical ...
-
Natural gas is still in correction mode, with price bouncing off the 61.8% Fibonacci retracement level seen on its 4-hour time frame. A deeper correction could still reach the channel bottom at $1.700 to attract more buyers. If any of these support zones are enough to keep losses in check, natural gas could resume the climb to the swing high at $1.889 near ...
-
Today you will see CRUDE OIL price prediction based on the technical analysis. What is the support and resistance on the daily time frame for USWTI. What to expect where the price will breakout for the USWTI based on the supply and demand zones.
-
Dear Client, Please find our updated Trading schedule and general information related to the Memorial Day on Monday, 27 May, 2024. Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing. All times mentioned below are ...