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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post: YELLEN: WE ARE CREATING JOBS AT A VERY RAPID PACE post: U.S. TREASURY'S YELLEN: **LABOR MARKET NOW RESEMBLING PRE-PANDEMIC **WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION **A SIGNIFICANT SHARE OF REMAINING INFLATION REPRESENTS HOUSING COSTS RETURNING TO NORMAL SLOWLY post: U.S. TREASURY'S YELLEN: SUBSTANTIAL LOCK-IN EFFECT IS LIMITING SUPPLY OF HOMES ON THE MARKET post: US TREASURY SECRETARY YELLEN: IF THE DEBT IS STABILISED RELATIVE TO THE SIZE OF THE ECONOMY, THEN WE'RE IN A REASONABLE PLACE.
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In the 1990s and 2000s, the world regularly saw column inches devoted to the theory of peak oil supply, amplified by voices like Colin Campbell and Matthew Simmons. Decades later, however, it has still not come to pass, as enhanced economics and constant improvement in technology have helped lower costs and open up new frontiers to expand the resource base. ...
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WTI crude oil returned above the medium-term ascending trend line, hitting the strong 200-day simple moving average (SMA) at 79.36 after bouncing off the four-month low of 72.46. The technical oscillators are indicating a negative retracement in the short-term view. The RSI is sloping slightly down near the 50 level, while the stochastic oscillator posted a ...
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It has been a topsy-turvy 24 hours for financial markets. Treasury yields plunged in the wake of the soft CPI report, but retraced a little as markets digested the more ...
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The BoE’s May MPC meeting saw Deputy Governor Dave Ramsden join long-term dove Swati Dhingra in calling for an immediate 25 basis point cut in interest rates. The other seven ...
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Euro-zone industrial production unexpectedly fell at the start of the second quarter, casting a shadow over the economy’s pickup this year from its poor performance in 2023. ...
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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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In the week ending June 8, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000. The ...
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post: YELLEN: WE ARE CREATING JOBS AT A VERY RAPID PACE post: U.S. TREASURY'S YELLEN: **LABOR MARKET NOW RESEMBLING PRE-PANDEMIC **WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION **A SIGNIFICANT SHARE OF REMAINING INFLATION REPRESENTS HOUSING COSTS RETURNING TO NORMAL SLOWLY post: U.S. TREASURY'S YELLEN: SUBSTANTIAL LOCK-IN EFFECT IS LIMITING SUPPLY OF HOMES ON THE MARKET post: US TREASURY SECRETARY YELLEN: IF THE DEBT IS STABILISED RELATIVE TO THE SIZE OF THE ECONOMY, THEN WE'RE IN A REASONABLE PLACE.
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WTI crude oil is being rejected at the upper falling trendline and the 0.786 Fibonacci retracement at 78.88. RSI is still showing negative sentiment, indicating WTI is likely to slide back. If WTI is forming a bearish day today, a top and reversal pattern is also in place. Support at 76.60 and strong support at around 75.21. A break below 75, WTI is likely ...
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WTI crude oil returned above the medium-term ascending trend line, hitting the strong 200-day simple moving average (SMA) at 79.36 after bouncing off the four-month low of 72.46. The technical oscillators are indicating a negative retracement in the short-term view. The RSI is sloping slightly down near the 50 level, while the stochastic oscillator posted a ...
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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 ...