Energy News
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SpaceX boss Elon Musk is alleged to have had sex with a woman who was an intern at the rocket company, when she was still at university, before hiring her to a senior role years later and trying to embark on a relationship. The allegation is one of a number about Mr Musk’s advances towards and consensual sexual encounters with staff members which have been ...
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The technical carbon, which is heavily used in industry, especially in the production of tires, will now be produced in the wastewater treatment process. This will not only add economic benefits but also help reduce pollution. The daily processing of 120 tons of sludge into diesel and carbon black is the company's top priority for this year. This fuel can ...
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When talking about the structure of the forward curve in the WTI futures market, there are two market terms traders should be familiar with. 1) Contango, when the forward price of a futures contract is higher than the spot price. 2) Backwardation, when the forward price of the futures contract is lower than the spot price. An oil lesson with Bob Iaccino ...
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SpaceX boss Elon Musk is alleged to have had sex with a woman who was an intern at the rocket company, when she was still at university, before hiring her to a senior role years later and trying to embark on a relationship. The allegation is one of a number about Mr Musk’s advances towards and consensual sexual encounters with staff members which have been ...
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New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market ...
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OPEC+ plus countries probably will not need to raise oil output later this year without a ramp-up in world demand, a founder of Energy Aspects said. Led by Saudi Arabia, the Organization of Petroleum Exporting Countries and its partners unveiled a plan earlier this month to gradually start restoring roughly 2 million barrels a day of shuttered production ...
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The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more ...
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Markets took back about half of this morning’s post-CPI rally (recap here) as the full set of FOMC communications worked through. Some of that cheapening occurred in response to ...
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As President Biden and Group of Seven (G7) Leaders prepare to meet this week in Italy, the U.S. Department of the Treasury is issuing sweeping new measures guided by G7 ...
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In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 11–12, 2024, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2024 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability. post: FED’S MEDIAN RATE FORECAST END-’24 AT 5.1%; PREV. 4.6% FED’S MEDIAN RATE FORECAST END-’25 AT 4.1%; PREV. 3.9% FED’S MEDIAN RATE FORECAST END-’26 AT 3.1%; PREV. 3.1% FED’S MEDIAN RATE FORECAST LONGER-RUN AT 2.8%; PREV. 2.6% post: FED POLICYMAKERS SEE END-2024 PCE INFLATION AT 2.6% VERSUS 2.4% IN MARCH PROJECTION; CORE SEEN AT 2.8% VERSUS 2.6% post: FED OFFICIALS RAISE 2024 INFLATION FORECAST TO 2.6%, UP FROM 2.4% IN MARCH FORECAST FED OFFICIALS SEE 4% UNEMPLOYMENT AT END OF 2024, UNCHANGED FROM MARCH FORECAST FED OFFICIALS SEE 2.1% GDP GROWTH IN 2024, UNCHANGED FROM MARCH FORECAST
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post: FED’S POWELL: WE DON’T SEE OURSELVES AS HAVING THE CONFIDENCE THAT WOULD WARRANT POLICY LOOSENING AT THIS TIME post: Fed's Powell: FOMC Participants Were Allowed To Update Their SEPs To Incorporate CPI Data Today If They Wanted $DXY $USDJPY #FOMC post: POWELL: QUITS HAVE BEEN MOVING DOWN, JOB OPENINGS TOO POWELL: WE STILL HAVE LOW UNEMPLOYMENT, BUT HAS SOFTENED A BIT AND THAT’S AN IMPORTANT STATISTIC post: POWELL: ARGUMENT THAT JOB GAINS MAY BE A BIT OVERSTATED, BUT STILL STRONG post: POWELL: I LIKE TO LOOK AT 3 AND 6 MONTH SERIES ON PAYROLLS REPORT GIVEN DIFFERENCES IN ESTABLISHMENT AND HOUSEHOLD SURVEY POWELL: OVERALL PICTURE IS ONE OF STRONG AND GRADUALLY COOLING LABOR MKT POWELL: IT HAS GIVEN US AN AMBIGUOUS RESULT, BUT FACT REMAINS LABOR MKT IS STRONG
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post: POWELL: WE THINK POLICY IS RESTRICTIVE AND ULTIMATELY, EVENTUALLY YOU WILL SEE WEAKENING IN ECONOMY POWELL: NO ONE HAS RATE HIKES AS BASE CASE post: POWELL: BANKING SYSTEM HAS BEEN SOLID, STRONG, WELL-CAPITALIZED post: MORE FED'S POWELL Q&A: ULTIMATELY EXPECT RATES WILL HAVE TO COME DOWN, NOT UP, AND CURRENT POLICY SEEMS TO BE MOVING TOWARD THAT #Powell #FOMC #FederalReserve post: POWELL: THERE’S BEEN A SURPRISING INCREASE IN IMPORT PRICES ON GOODS post: POWELL: WAGES ARE STILL RUNNING ABOVE A SUSTAINABLE PATH POWELL: OVERALL THOUGH INFLATIONARY PRESSURES HAVE COME DOWN
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Brent oil quotes continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, the price of Brent oil is $82.52 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers of Black Gold and a ...
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video Natural gas traded inside day on Wednesday following a strong close on Tuesday. At the time of this writing the high for the day was 3.13 and the low 2.995. Support for the day was seen on a test of the 78.6% Fibonacci level. Although Wednesday’s trading retraced much of Tuesday’s advance, support was indicated at a price level previously identified ...
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The world's two most relied-upon crude oil benchmarks are WTI, predominantly traded on CME Group, and Brent, its European peer. Their attractiveness to financial investors is subject to a number of moving parts: the underlying supply/demand balance, economic considerations, weather and geopolitics. The weekly reports of the Commitment of Traders provide a ...