Energy News
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A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, said the profits and losses on his trades were reported on a daily basis to ...
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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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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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The FRED Blog has used data from the US Energy Information Administration (EIA) to discuss the income-adjusted weight of gasoline prices and the price elasticity of demand for gasoline. Today, we discuss a related topic: the strategic use of petroleum reserves by the US Congress to ease gasoline prices. The FRED graph above shows data from the EIA about ...
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Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday. “It’s a little hard to quantify right now because this is evolving so quickly on the AI side,” Wirth told CNBC’s Sara Eisen at the Milken Institute’s Global Conference in Los ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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Recent comments from a number of MPC members have hinted that a cut in Bank Rate might not be too far away and possibly rather sooner than financial markets currently expect. ...
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Gaza civil defence and aid officials said Monday that Israeli jets struck two areas in eastern Rafah the Israeli military had ordered to be evacuated, ahead of a possible ground ...
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Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial ...
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post: Arab sources are reporting an assassination attempt against Saudi Crown Prince Mohammed bin Salman pic.twitter.com/XjlJIVS5Di post: Unconfirmed Reports tonight that a Heavily-Armed Security Convoy carrying the Crown Prince of Saudi Arabia, Mohammed bin Salman and several other High-Ranking Officials was Attacked earlier tonight within the Capital of Riyadh, in what appears to have been an Assassination… pic.twitter.com/uLjsjI4gPb
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post: Reports now that the assassination attempt on Saudi Crown Prince is fake news https://t.co/14zyZf8A8X
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post: Israeli Official: Proposal Includes 'Far-Reaching' Conclusions That Israel Does Not Agree To post: BREAKING: Israeli officials are calling Hamas's announcement that it accepts the current ceasefire agreement "a trick," saying it refers to a one-sided proposal that did not receive Israeli approval and includes terms considered unacceptable. post: ISRAEL STUDYING UPDATED CEASE-FIRE PROPOSAL - CHANNEL 12
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video Natural gas advanced on Monday, reaching a high of 2.26, at the time of this writing. It was the third day in a row that it rallied. Each of the prior two days ended strong, in the top quarter of the day’s range. Earlier, it looked like today’s session may also end strong, but the situation has weakened somewhat intraday. Upward momentum has been ...
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Between Crude Oil’s yearly high at 87.29, and the largest yearly correction low at 77.90, the CBOE Oil Volatility Index simultaneously shifted from its yearly highs to a record yearly low on Friday. Contrarian views took the lead at Crude Oil’s yearly high after Brent Call option volumes hit an all-time high shortly before the trend shift. Dropping back to ...
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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 ...