Energy News
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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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Corners of Europe’s fund industry have been routinely touting their ESG credentials without providing documentation, fueling fresh concerns about greenwashing, the bloc’s markets regulator said. Marketing communication for ESG products and services is largely generic, and social media posts about ostensibly green initiatives that lack proof are “common,” ...
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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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Annual U.S. biodiesel imports doubled from 2022 to 2023 to 33,000 barrels per day (b/d) and continued to rise in the first two months of 2024, according to the most recent data available. Much of the increase in biodiesel imports has come from Germany, and the remaining increase has come mostly from elsewhere in Europe, where a biodiesel surplus has lowered ...
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Three tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without discharge, a sign of weakening demand from refineries in Europe and Asia. All three ships that loaded the grade from May 1-12 are still at sea. Two vessels — the Jaarli and the Jatuli — are anchored off Britain’s Hound Point, the loading ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased to 143.1 (1985=100) in May from 140.6 in April. Meanwhile, the Expectations Index—based on consumers' short-term ...
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US consumer confidence unexpectedly rose in May for the first time in four months as views about business conditions and the labor market were less negative. The Conference ...
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Federal Reserve Bank of Minneapolis President Neel Kashkari said the US central bank’s policy stance is restrictive, but policymakers haven’t entirely ruled out additional ...
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Three tankers carrying North Sea Forties crude have been floating off European shores for more than two weeks without discharge, a sign of weakening demand from refineries in ...
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The Conference Board Consumer Confidence Index® rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision). The Present Situation Index—based on consumers' ...
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Texas factory activity edged down in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state ...
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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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video Key support for natural gas remains around the 200-Day MA at 2.46. It has been bouncing from that price area following a pullback low of 2.475. Given the sharp 92% advance that culminated with last week’s high of 2.92, natural gas is due for a period of retracement and consolidation. It looks like it has started. If correct, the advance off the area ...
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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 ...