Energy News
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The former CEO of one of the United States’ top oil companies fired back Tuesday on the Federal Trade Commission’s allegations that he had colluded with OPEC to boost fuel prices — contending the agency “unjustly smeared” him. Lawyers for Scott Sheffield, the former chief executive of Texas-based Pioneer Natural Resources, filed paperwork demanding that the ...
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A wind farm in Scotland will pay £33.14 million ($42.3 million) to UK energy regulator Ofgem for breaching energy market rules. Beatrice Offshore Windfarm Ltd., broke rules when it charged excessive prices to reduce its output to ease pressure on the grid, “pushing up costs for consumers,” Ofgem said in a statement. The action follows a Bloomberg ...
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Since 1980, there have been 383 extreme weather or climate disasters where the damages reached at least $1 billion. In total, these disasters have cost more than $2.7 trillion. Created in partnership with the National Public Utilities Council, this chart shows how these disasters have been increasing with each passing decade. A Growing Concern: The U.S. ...
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China’s economy is projected to grow by 5 percent in 2024 and 4.5 percent in 2025. These reflect upward revisions of 0.4 percentage points for both years compared to the April WEO projections, driven by strong Q1 GDP data and recent policy measures. Core inflation is expected to rise but stay low as output remaining below potential. Risks are tilted to the ...
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Oil extended gains as another attack in the Red Sea added to heightened geopolitical tensions in the Middle East ahead of an OPEC+ meeting on the weekend. West Texas Intermediate climbed above $80 a barrel, while Brent futures closed 1.4% higher near $84 on Tuesday. A bulk carrier has taken on water after being attacked while sailing through the key ...
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The former CEO of one of the United States’ top oil companies fired back Tuesday on the Federal Trade Commission’s allegations that he had colluded with OPEC to boost fuel prices — contending the agency “unjustly smeared” him. Lawyers for Scott Sheffield, the former chief executive of Texas-based Pioneer Natural Resources, filed paperwork demanding that the ...
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Housing has been a frustrating segment of the economy to analyze, both since the pandemic first erupted and the Federal Reserve embarked on an aggressive rate-hiking cycle two ...
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President Vladimir Putin said Tuesday that there would be "serious consequences" if Western countries allowed Ukraine to use their weapons to strike targets in Russia, as sought ...
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The most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is ...
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post: #GERMANY 'S HESSE MAY CONSUMER PRICES RISE 1.9% Y/Y - BBG *GERMANY'S SAXONY MAY CONSUMER PRICES RISE 3.1% Y/Y *GERMANY'S NRW MAY CPI RISES 2.5% Y/Y *GERMANY'S BAVARIA MAY CPI RISES 2.7% Y/Y *GERMANY'S BRANDENBURG MAY CPI RISES 2.9% Y/Y
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post: BOJ'S ADACHI: WE WILL MORE CAREFULLY WATCH LONG-TERM INTEREST RATE MOVES post: BOJ'S ADACHI: DON'T HAVE STRONG VIEW ON WHETHER BOJ BOND BUYING REDUCTION SHOULD COME SOON, OR LATER post: BOJ BOARD MEMBER ADACHI: THERE WAS NO POLICY IMPLICATION TO BOJ'S SINGLE-DAY DECREASE IN BOND BUYING post: BOJ'S ADACHI: MY INFLATION FORECASTS HAVEN'T CHANGED MUCH FROM APRIL post: BOJ'S ADACHI: DON'T HAVE PRESET PLAN, IDEA ON HOW SOON TO REDUCE BOJ'S BOND BUYING
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China’s economy is projected to grow by 5 percent in 2024 and 4.5 percent in 2025. These reflect upward revisions of 0.4 percentage points for both years compared to the April WEO ...
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Natural gas broke below its rising trend line to signal that a reversal from the uptrend is due. Price might be in for a retest of the former support that might now hold as resistance. The Fibonacci retracement tool shows additional levels where sellers might be waiting. The 38.2 Fib is close by at $2.620, then the 50% level is at $2.665 near the former ...
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On May 1st, we saw USD/JPY plunge nearly 500 pips from its daily high in what is thought to have been the second intervention from the MOF. While one could argue this goes against fundamentals and that it is futile for a central bank to fight them, it can also be said that their objective was achieved: to slow the decline of the yen. However, this doesn't ...
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RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...