Energy News
- From asahi.com|22 hr ago
Thieves are increasingly raiding solar power stations across Japan for copper transmission wiring as prices for the metal have surged globally. Local governments are planning ordinances to regulate trade in the metal, but they are seeking nationwide legal measures to discourage the thefts. One solar power farm in Ichikawa, Chiba Prefecture, was hit by ...
- From justice.gov|Jun 8, 2024
The former president of a Texas energy company was sentenced today to six years and six months in prison for his role in an illegal kickback scheme and a commodities insider trading scheme involving natural gas futures contracts. According to court documents, Matthew Clark, 56, of Needville, Texas, conspired with others to direct his employer’s trades to ...
- From theconversation.com|Jun 7, 2024
A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
- From omfif.org|3 hr ago
The Federal Open Market Committee blackout period has mercifully spared the public from the cacophony of Fed-speak for nearly two blissful weeks. US Federal Reserve communications seem increasingly to have an insider, esoteric quality – one reflecting legitimate technical debate, but also bound to confuse and perturb the public. Ahead of the blackout ...
- From spglobal.com|2 hr 7 min ago
The nine OPEC members subject to quotas boosted crude oil output by 100,000 b/d in May, driven by Nigeria and Iraq, pushing the group 320,000 b/d above their collective targets, while the bloc's Russia-led allies cut production, the Platts OPEC+ survey from S&P Global Commodity Insights shows June 10. With Russia, Kazakhstan and Mexico -- among the non-OPEC ...
- From cityindex.com|1 hr 30 min ago
The bullish signal in WTI crude oil I was seeking came to fruition late last week, delivering a sharp rebound that accelerated on Monday. But despite renewed optimism surrounding the economic health of the world’s largest crude consumer, the United States, you can’t escape the fact that OPEC producers are set add barrels to the global marketplace from ...
- From think.ing.com|14 hr ago|1 comment
The US Federal Reserve will keep interest rates unchanged at 5.25-5.5% on Wednesday and will indicate that September is the earliest opportunity to seriously consider an interest ...
- From axios.com|9 hr ago
Wednesday afternoon, the fate of global financial markets will hang on an array of dots that give clues into how much rate-cutting the Federal Reserve will deliver this year. But ...
- From zerohedge.com|7 hr ago
US stocks shrugged off early weakness driven by the right-regime-shift in European elections, treading water on Monday, at least on the surface, following Friday's strong Payrolls ...
- From @financialjuice|12 hr ago|1 comment
post:
ECB'S PRESIDENT LAGARDE: IT IS POSSIBLE ECB WILL HOLD RATES FOR LONGER THAN A SINGLE MEETING. post:
ECB'S PRESIDENT LAGARDE: INTEREST RATES ARE NOT NECESSARILY ON A LINEAR DECLINING PATH, THERE MIGHT BE PERIODS WHEN WE HOLD - NEWSPAPER INTERVIEW. post: ECB'S PRESIDENT LAGARDE: TIME-DEPENDENT GUIDANCE ON RATES NOT HELPFUL. post: ECB'S PRESIDENT LAGARDE: I AM KEEN TO SEE THE EVOLUTION OF LABOUR COSTS AND CORPORATE PROFITS.
- From apnews.com|32 hr ago|11 comments
French President Emanuel Macron said Sunday he was dissolving the National Assembly and calling a snap legislative election after his party suffered a heavy defeat in elections ...
- From cityindex.com|1 hr 30 min ago
The bullish signal in WTI crude oil I was seeking came to fruition late last week, delivering a sharp rebound that accelerated on Monday. But despite renewed optimism surrounding the economic health of the world’s largest crude consumer, the United States, you can’t escape the fact that OPEC producers are set add barrels to the global marketplace from ...
- From cityindex.com|6 hr ago
Crude oil prices had rallied almost 3% at the time of writing on Monday, more than making back their losses from the week before. While there is hope for increased fuel demand as we head deeper into the US driving season, today’s recovery comes on the back of a three-week drop amid concerns over demand in China and rising non-OPEC supply. So, it remains to ...
- From oilprice.com|Jun 6, 2024
Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...