Energy News
-
Damage to a utility’s power equipment by gunfire found in Durham was associated with an outage that left hundreds of people without power earlier this week, the company said. About 730 people experienced a power outage for about two hours on Monday after reports of “a fire and equipment failure” on Duke Energy’s power distribution grid, spokesperson Jeff ...
-
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 ...
-
Refined Products Gasoline and diesel, along with jet fuel and fuel oil, are collectively called refined products because they are products that are made by refining crude oil. Oil refineries are large, complex industrial process facilities located around the world. The amount of gasoline and diesel produced from refineries depends on global refinery ...
-
The June 2024 UMich June preliminary consumer sentiment reading • Prior was 67.4 • Current conditions 62.5 vs 68.8 prior • Expectations 67.6 vs 66.5 prior • 1-year inflation 3.3% vs 3.5% prior • 5-year inflation 3.1% vs 3.1% priorConsumer Sentiment Declined 5.1% to 65.6 in June Consumer sentiment declined 5.1% to 65.6 in June, according to ...
-
post: ECB'S PRESIDENT LAGARDE: WE ARE HEADING TO THE DISINFLATIONARY PATH. post: ECB’S LAGARDE:UNLESS WE HAVE MAJOR SHOCK OR DOWNSIDE RISK MATERIALISES, TARGET IS FOR INFLATION TO HIT 2% IN SECOND HALF OF 2025
-
I am ready to call it. The Fed should cut rates. July would be the right time to start in my opinion. To be clear, I don’t think they will do this. I still think the baseline first cut is November because the next few inflation prints will appear sticky enough for the Fed to keep rates where they are. And the election is too close to the September meeting ...
-
The established financial world order of the past 50 years is now transitioning to a new and unknown paradigm as the petrodollar agreement between the U.S. and Saudi Arabia was ...
-
I am ready to call it. The Fed should cut rates. July would be the right time to start in my opinion. To be clear, I don’t think they will do this. I still think the baseline ...
-
The Federal Open Market Committee (FOMC) met this week and voted unanimously to hold rates steady for the seventh consecutive meeting, leaving its policy range at 5.25 percent to ...
-
post: DRAFT G7 STATEMENT: "WE WILL RESTRICT ACCESS TO OUR FINANCIAL SYSTEMS FOR TARGETED ENTITIES, INCLUDING CHINESE, THAT SUPPORT RUSSIA'S WAR EFFORT" post: DRAFT G7 STATEMENT: "WE WILL CONTINUE TO APPLY SIGNIFICANT PRESSURE ON RUSSIAN REVENUES FROM ENERGY AND OTHER COMMODITIES", INCLUDING ACTION ON PRICE CAP post: DRAFT G7 STATEMENT: PROMISES ADDITIONAL SANCTIONS ON "THOSE ENGAGED IN DECEPTIVE PRACTICES WHILE TRANSPORTING RUSSIAN OIL" post: DRAFT G7 STATEMENT: PLEDGES TO CONTINUE EFFORTS TO REDUCE RUSSIA’S REVENUES FROM METALS AND ENERGY post: DRAFT G7 STATEMENT: **"WE URGE TEHRAN TO CEASE AND REVERSE NUCLEAR ESCALATIONS, AND STOP THE CONTINUING URANIUM ENRICHMENT ACTIVITIES THAT HAVE NO CREDIBLE CIVILIAN JUSTIFICATIONS" **CALL ON IRAN TO STOP ASSISTING RUSSIA’S WAR IN UKRAINE AND NOT TO TRANSFER BALLISTIC…
-
post: BOJ'S GOVERNOR UEDA: IT'S POSSIBLE TO RAISE THE RATE IN JULY DEPENDING ON DATA.
-
The June 2024 UMich June preliminary consumer sentiment reading • Prior was 67.4 • Current conditions 62.5 vs 68.8 prior • Expectations 67.6 vs 66.5 prior • 1-year inflation 3.3% ...
-
video The natural gas markets have been back and forth during the session, perhaps a little bit negative, but really at this point in time, natural gas is overextended. We do have a significant amount of heat in the United States over the next several days, and markets had been banking on that. However, that’s already been priced in, so the question then ...
-
Main scenario: consider short positions from corrections below the level of 87.75 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 87.75 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
-
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 ...