Energy News
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A debate at London city council surrounding an already pulled back curfew on gas-powered lawn and gardening equipment boiled over Tuesday afternoon. The civic works committee proposed holding a public meeting on the idea of a curfew on the use of gas-powered lawn and garden equipment from 6 p.m. to 8 a.m. The bylaw currently prohibits the use of all ...
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Some attractions at Tokyo Disney Resort theme parks automatically stopped Sunday after a brief power outage, with the operator reporting there were no injuries. Guests were led from the attractions after they stopped at around 3:30 p.m., according to operator Oriental Land Co., which runs resort facilities such as Tokyo Disneyland and Tokyo DisneySea. ...
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When Storm Isha hit Northern Ireland and northern Britain in January 2024, wind gusts of almost 100mph caused widespread damage to property. This strong extra-tropical cyclone also influenced both the insurance and energy sectors. Isha resulted in damages which required the insurance industry to pay out approximately €500 million (£427 million). That’s a ...
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Oil traders that rely on trend-following algorithms compounded a selloff in crude this week as OPEC+ unexpectedly signaled plans to return some supplies to the market later in the year. Brent crude plunged below $80 a barrel on Monday and pierced through other key technical levels, prompting several trend-following commodity-trading advisers to sell oil. ...
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A heat dome in the western part of the US will subject more than 34 million people to extreme temperatures beginning Tuesday. Forecasters are warning residents in California, Nevada, Utah and Arizona to prepare for temperatures to reach triple digits. Later in the week, extreme temperatures are expected to reach the Pacific Northwest. Similar temperatures ...
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Crude Oil trades below $73 for the first time since February 6th. Bob Iaccino has more.
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US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market. Available positions decreased to 8.06 million from a ...
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video A rebound in inflation or stickier than anticipated price pressures would force the RBA to hike interest rates again, Reserve Bank governor Michele Bullock has told a ...
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Prime Minister Narendra Modi declared victory Tuesday for his alliance in India’s general election, claiming a mandate to push forward with his agenda, even though his party lost ...
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The number of job openings changed little at 8.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, both the number of ...
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China's service economy expansion accelerated in May as greater new business inflows spurred faster services activity growth. New export business also increased at the fastest ...
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post: #API Inv #Crude +4.052 #Cushing +0.9830 #Gasoline +4.026 #Diesel +1.975 #OOTT well there is your builds. See if EIA's match the #'s.
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video WTI crude oil continued to weaken on Tuesday as it fell to a new retracement low of 72.73. Support showed up from there leading to an intraday bounce. That low put crude oil 17.3% below the most recent swing high of 87.89. Notice that today’s low was essentially bouncing off a bottom trend channel line. It was also just above the 78.6% Fibonacci ...
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West Texas Intermediate (WTI) US Crude Oil tumbled to fresh lows on Tuesday as energy market sentiment extended a pullback in risk appetite. The Organization of the Petroleum Exporting Countries (OPEC) and its extended network of non-meber ally states, OPEC+, recently unveiled plans to slowly walk back voluntary production cuts that were meant to bolster ...
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CME Group, the world's leading derivatives marketplace, today reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, up 4% from May 2023. The company's interest rate and metals products also reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of ...