Energy News
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Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
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The former president of a Texas energy company was sentenced today to six years and six months in prison for his role in an illegal kickback scheme and a commodities insider trading scheme involving natural gas futures contracts. According to court documents, Matthew Clark, 56, of Needville, Texas, conspired with others to direct his employer’s trades to ...
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As the shift away from fossil fuels gathers pace, the Coalition has turned to an emissions-free technology that has a long and contentious history — nuclear fission. To help make sense of what role, if any, nuclear power could play we turned to Alan Finkel, Australia’s former chief scientist, and economist John Quiggin. These are the numbers that you should ...
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A more “unpredictable” U.S. will only add to the challenges facing the incoming European Parliament as it navigates increasingly fraught ties with China and Russia, according to former EU Commission President José Manuel Barroso. Barroso told CNBC on Monday that there was “anxiety” in Europe over the upcoming U.S. elections, reviewing how a second term for ...
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post: ECB'S VILLEROY: ECB RATE CUT MARKS A DECISIVE ORIENTATION.
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Oil prices moved higher yesterday as the market continued its post-OPEC+ meeting recovery. ICE Brent settled more than 2.5% higher yesterday, which saw it close well above $81/bbl. As we mentioned following the meeting, the action taken by the group leaves the market with a sizeable deficit in the third quarter of the year, supporting the view that prices ...
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A more “unpredictable” U.S. will only add to the challenges facing the incoming European Parliament as it navigates increasingly fraught ties with China and Russia, according to ...
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Opec has again kept its global oil supply and demand forecasts unchanged for this year and 2025. The group still expects demand to rise by 2.25mn b/d to 104.46mn b/d in 2024 and ...
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Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. As Trump ...
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post: ECB'S Simkus: Too Early To Declare Victory Over Inflation - Rates Can Be Cut More If ECB Sure 2% Goal Will Be Met
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post: ECB'S VILLEROY: ECB RATE CUT MARKS A DECISIVE ORIENTATION.
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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. ...
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Natural Gas: chart Natural gas gains ground as traders focus on weather forecasts, which predict strong demand from June 13. In case natural gas settles above the resistance at $3.02 – $3.09, it will head towards the next resistance level, which is located in the $3.28 – $3.32 range. WTI Oil: chart WTI oil is mostly flat as traders react to OPEC 2024 ...
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After the Relative Strength Index (RSI) of Crude Oil retested its March 2023 lows, oil price rebounded from the $72.50 low back above its yearly trending support, towards a $78.30 high. The market has already priced in the increase in oil supplies concerning the expected demand potential and OPEC quota compliance. The next focus will be on the developing ...
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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% ...