Energy News
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U.S. Capitol Police arrested eight protesters who disrupted the Congressional Baseball Game by running onto the field at Nationals Park in Washington, D.C., on Wednesday night. The big picture: The activist group Climate Defiance, which has disrupted multiple political events as it campaigns against the use of fossil fuels, claimed responsibility for the ...
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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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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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The report issued today by the IAEA makes clear that Iran aims to continue expanding its nuclear program in ways that have no credible peaceful purpose. These planned actions further undermine Iran’s claims to the contrary. If Iran implements these plans, we will respond accordingly. Iran must cooperate with the IAEA without further delay to fully implement ...
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video Crude oil reached an initial top target zone yesterday before selling off to end the day in a weak position Wednesday ended with a shooting star candlestick pattern that points to a likely pullback from that high. Wednesday’s high of 79.46 was an exact test of resistance at the long-term downtrend line. That line begins from the 2022 peak. A failed ...
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post: YELLEN: STRONG US GROWTH IS LIFTING GLOBAL GROWTH YELLEN: THE LABOR MKT REMAINS STRONG YELLEN: US LABOR MKT PRESSURES HAVE EASED, WAGES RISING MORE SLOWLY
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The Federal Reserve’s favored inflation gauge is set for the smallest advance since November following two better-than-expected reports on prices out this week. Bureau of Labor ...
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The Bank of Japan is likely to keep interest rates ultra-low on Friday but consider whether to start reducing its huge balance sheet in a slow but steady retreat from its massive ...
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Russia's main stock exchange halted dollar and euro trades on Thursday after the United States hit Moscow with a new package of sanctions over its military offensive in Ukraine. ...
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The Producer Price Index for final demand declined 0.2 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.5 ...
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post: YELLEN: STRONG US GROWTH IS LIFTING GLOBAL GROWTH YELLEN: THE LABOR MKT REMAINS STRONG YELLEN: US LABOR MKT PRESSURES HAVE EASED, WAGES RISING MORE SLOWLY
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post: BOJ TO OUTLINE BOND BUYING PLAN AT UPCOMING MEETING post: BOJ CUTS BOND BUYING TO ALLOW YIELDS TO FORM FREELY post: BOJ: PRIVATE CONSUMPTION HAS BEEN RESILIENT ALTHOUGH IMPACT OF PRICE RISES HAS REMAINED AND AUTO SALES HAVE CONTINUED TO BE PUSHED DOWN post: BOJ NO HAWKISH SIGNALS, NO SLOW DOWN OF BOND BUYING, NO RATE HIKE SIGNALS AND STICKING TO STIMULUS YEN STILL DEADBank of Japan decides to cut back on bond purchases The Bank of Japan on Friday decided in principle to reduce its purchases of Japanese government bonds, taking another step toward policy normalization following its first rate hike in 17 years in March. The central bank says it will decide on the detailed reducing strategy in the next meeting. Until then, it will continue purchases at the current pace, which is at around 6 trillion yen ($38.1 billion) per month. The move marks another move toward policy normalization that started on March 19, when the central bank decided to end its zero interest rate policy, new equity purchases and yield curve controls but stopped short of reducing the amount of its bond purchases. The shift illustrates the growing alarm among Japanese policymakers about the weak yen, exacerbated by the bank's supereasy monetary policy. Japan's currency, which has fallen 27% against the dollar since the beginning of 2022, plumbed a 34-year low of 160 to the greenback in April. After a two-day policy meeting, the BOJ decided to leave other measures unchanged, including its policy interest rate -- an uncollateralized overnight call rate -- between 0% and 0.1%. By cutting back on bond purchases, the BOJ will effectively shrink its JGB holdings and move into a quantitative tightening (QT) mode, a significant a
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video Crude oil reached an initial top target zone yesterday before selling off to end the day in a weak position Wednesday ended with a shooting star candlestick pattern that points to a likely pullback from that high. Wednesday’s high of 79.46 was an exact test of resistance at the long-term downtrend line. That line begins from the 2022 peak. A failed ...
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video Natural gas triggered a deeper pullback today following a breakdown of an inside day. It was followed by a three-day low of 2.90. Support was seen off that low leading to an intraday bounce. Today’s low tested support around the prior trend high of 2.92, which was followed by a rejection the upside. This is a normal and healthy minor pullback ...
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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 ...