Energy News
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Some traders working for Exxon Mobil Corp. are set to lose their jobs because they don’t want to move from Brussels to London, according to a statement from its unions. The majority of Brussels-based trading staff at the oil giant said in an internal union-led survey that they won’t move to the British capital because of “uncompetitive” pay and a “lack of ...
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A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major disaster. The Andromeda Star, an 820-foot vessel capable of transporting about 730,000 barrels of oil, was involved in a collision ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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post: YELLEN: BIDEN HAS BEEN CLEAR THAT ANYONE UNDER $400000 WILL NOT FACE TAX INCREASES post: US TREASURY SECRETARY YELLEN: I AM CONCERNED ABOUT WHERE WE'RE GOING WITH THE US DEFICIT. post: US TREASURY SECRETARY YELLEN: THE US NEEDS SIGNIFICANT STEPS TO REDUCE BUDGET DEFICIT.
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WTI crude oil has formed lower highs and found support at the $81.50 per barrel mark, creating a descending triangle on its short-term time frames. Price is bouncing off resistance and could be due for a dip back to the triangle support soon. However, technical indicators are hinting at a potential bullish break. The 100 SMA just crossed above the 200 SMA ...
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Natural gas is pulling higher and resuming its climb, setting its sights on longer-term resistance levels at the top of its range on the 4-hour chart. Price could aim for the $1.970 range resistance as soon as it breaks above the previous week highs around $1.900. The 100 SMA crossed above the 200 SMA to signal that the path of least resistance is to the ...
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The first quarter of 2024 has surprised on the economic front. Instead of the anticipated slowdown, coupled with US outperformance ending, what we saw was global economic activity ...
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We have raised our Asia-Pacific growth forecast for 2024 to 4.5%. IMF Director of Asia & Pacific Krishna Srinivasan presents our latest Regional Economic Outlook.
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We have seen a big jump in the US 1Q employment cost index of 1.2% quarter-on-quarter versus 0.9% in 4Q23, well above the 1% expected and above every single individual forecast in ...
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The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 37.9 in April from 41.4 in March. This is the fifth straight monthly decline and the lowest ...
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Real gross domestic product (GDP) increased 0.2% in February, following a 0.5% gain in January. Services-producing industries (+0.2%) led the growth for a second month in a row, ...
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post: YELLEN: BIDEN HAS BEEN CLEAR THAT ANYONE UNDER $400000 WILL NOT FACE TAX INCREASES post: US TREASURY SECRETARY YELLEN: I AM CONCERNED ABOUT WHERE WE'RE GOING WITH THE US DEFICIT. post: US TREASURY SECRETARY YELLEN: THE US NEEDS SIGNIFICANT STEPS TO REDUCE BUDGET DEFICIT.
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As economic growth indicators guide monetary policies and influence oil demand potential, the current leading indicators include: • Chinese Manufacturing PMI, which posted a reading of 50.4 today, indicating continued expansion in the industrial sector • The U.S. ISM Manufacturing PMI expectation to touch the lower limit of the industrial expansion metric ...
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Natural gas is pulling higher and resuming its climb, setting its sights on longer-term resistance levels at the top of its range on the 4-hour chart. Price could aim for the $1.970 range resistance as soon as it breaks above the previous week highs around $1.900. The 100 SMA crossed above the 200 SMA to signal that the path of least resistance is to the ...
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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and record energy OI of 62 million, with ...