Energy News
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GameStop stock (GME) rose 47% on Thursday after a YouTube account believed to be tied to investor Keith Gill, also known as "Roaring Kitty" on social media, posted a livestream scheduled for Friday at noon ET. After the market close, Reddit user DeepF***ingValue, an account previously tied to Gill, posted a new screenshot purporting to show their position ...
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Nvidia’s market value crossed $3 trillion for the first time Wednesday, propelling the chipmaker above Apple to become the second-most valuable company in the world. The chipmaker, whose processors are central to powering the current artificial intelligence (AI) craze, saw its shares climb 5.16 percent Wednesday ahead of Friday’s stock split. Microsoft ...
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GDP, or gross domestic product, is all over financial news. It’s a measure of the value of all the goods and services in a country, but what does it actually mean? Well, it works as an indicator for how well or poorly a nation’s overall economy is faring. Do policies need adjusting? Are people gainfully employed? Watch to learn how GDP works and why it ...
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The US solar industry had a record-setting first quarter this year. Installations were at 11.8 gigawatts-direct current (GWdc) of capacity in the first quarter of 2024, a 79% increase from Q1 2023 and a 40% decrease from Q4 2023. Q1 2024 was the second-best quarter ever for the industry, other than the last quarter of 2023. After achieving record ...
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Working natural gas in storage across the United States amounted to 2,893 billion cubic feet (Bcf) in the week ending May 31, according to a report released by the Energy Information Administration (EIA) on Thursday. The total storage thus expanded by 98 Bcf compared to the previous week. In comparison to the same period a year earlier, gas stocks rose by ...
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Natural gas might be in for a reversal on its slide, as the commodity price formed an inverted head and shoulders pattern on its hourly time frame. Price is still testing the neckline of the formation, and a break above the resistance around $2.600 could confirm that a rally of the same height is in the cards. This might be enough to take natural gas up to ...
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Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday (Jan 6) it would be appropriate to reduce the central bank's bond buying as it moves toward an exit from massive monetary ...
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After yesterday's breathless Nvidia-led meltup, which saw the AI chipmaker surpass both $3 trillion in market cap and Apple's valuation, today's session was a boring affair by ...
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Our recently released Global gas strategic planning outlook (SPO) identifies three distinct phases of LNG market growth through the coming decade. First, continued market ...
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The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post: #ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75% - BBG *ECB CUTS MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% *ECB CUTS MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% post: ECB SAYS ECB WILL CONTINUE TO REINVEST, IN FULL, PRINCIPAL PAYMENTS FROM MATURING SECURITIES PURCHASED UNDER PEPP UNTIL END OF JUNE 2024 || ECB SAYS OVER SECOND HALF OF YEAR, IT WILL REDUCE PEPP PORTFOLIO BY €7.5 BILLION PER MONTH ON AVERAGE ECB SAYS ECB INTENDS TO DISCONTINUE… post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
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In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's ...
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post: BoJ's Nakamura: Japan's economy at critical juncture https://t.co/IwKcPts4Zm post: BoJ Gov Ueda: Price Expectations Must Be Around 2% For Price Target - Inflation Expectations Still Below 2% - Want To Proceed Cautiously On Interest Rates post: BOJ GOVERNOR UEDA: UNCERTAINTIES SURROUND MEASURING NEUTRAL RATE post: BOJ GOVERNOR UEDA: TO AVOID SUCH A SCENARIO, BOJ WOULD NEED TO ADJUST DEGREE OF MONETARY EASING WHICH WOULD REQUIRE RAISING SHORT-TERM POLICY TARGET post: BOJ GOVERNOR UEDA: REDUCE BOND BUYING DURING EXIT
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video Natural gas breaks up and out of a bull pennant pattern today with a rally above Tuesday’s 2.83 high. Resistance was seen near the top trendline with a high of 2.88 at the time of this writing. Today was the second test of resistance at the trendline. Natural gas is on track to close weak however, in the bottom half of the day’s range. This would ...
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The trend of bearish U.S. economic data came to a halt yesterday with the ISM Services PMI reaching 9-month high, exceeding expectations. This week's bearish economic data reflected concerns over the U.S. economy's demand potential, which weighed on commodity prices. The highest volatility of the week is expected with the release of non-farm payrolls on ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...