Energy News
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The first thing you’ll notice about this two-story Texas penthouse are the views and, second, the current owner’s trove of WWII plane memorabilia. Rod Lewis, the billionaire founder and CEO of Lewis Energy Group, is parting ways with his condo perched atop The Arts Residences in downtown San Antonio. On the market for just shy of $3.3 million with Haley ...
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After months of anger and outcry over an oil spill which inflicted $23m in damage on Tobago’s shores, the Trinidad and Tobago government says it is pursuing the Solo Creed tugboat, now seized by the Angolan Navy. In February, the Gulfstream tanker (pulled by Solo Creed) capsized and then spilt oil across approximately 88km of Tobagonian coral reefs, beaches ...
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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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Major OPEC+ producers will gather in Riyadh this weekend to debate oil output cuts after the Saudi-led group revised its meeting plans for a second time. Top officials from Kazakhstan, Russia, the United Arab Emirates and Kuwait are among those due to convene in the Saudi capital on Sunday, according to officials. They’ll discuss prolonging supply curbs to ...
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US diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth. Product supplied of distillate — the fuel that powers trucking, heating and heavy industry — plunged to 3.67 million barrels a day, according to monthly data from the US Energy Information Administration. That figure marks a downward revision ...
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The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 35.4 in May from 37.9 in April. This is the sixth straight monthly decline and the lowest level for the index since May 2020. The latest reading is worse than the 41.1 forecast and keeps the index in contraction territory for a sixth consecutive month. The Chicago PMI assess ...
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The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set ...
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So the Federal Reserve's preferred measure of inflation, the core personal consumer expenditure deflator, has come in at 0.2% month-on-month - the consensus had been swinging ...
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Major OPEC+ producers will gather in Riyadh this weekend to debate oil output cuts after the Saudi-led group revised its meeting plans for a second time. Top officials from ...
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The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 35.4 in May from 37.9 in April. This is the sixth straight monthly decline and the lowest level ...
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The spotlight shines on oil benchmarks thanks to the OPEC+ decision over the weekend. Brent has shed almost 5% this month but is still up roughly 6% since the start of 2024. In the first quarter of 2024, oil prices were initially supported by geopolitical risks and hopes around OPEC+ supply cuts tightening global markets. But gains have been capped in Q2 ...
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Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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Dear Client, Please find our updated Trading schedule and general information related to the Juneteenth National Independence Day on Wednesday, 19 June, 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. ...