Energy News
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A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 ...
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GameStop stock (GME) rose 47% on Thursday after a YouTube account believed to be tied to investor Keith Gill, also known as "Roaring Kitty" on social media, posted a livestream scheduled for Friday at noon ET. After the market close, Reddit user DeepF***ingValue, an account previously tied to Gill, posted a new screenshot purporting to show their position ...
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GDP, or gross domestic product, is all over financial news. It’s a measure of the value of all the goods and services in a country, but what does it actually mean? Well, it works as an indicator for how well or poorly a nation’s overall economy is faring. Do policies need adjusting? Are people gainfully employed? Watch to learn how GDP works and why it ...
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A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 ...
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China's Trade Balance for May, in Chinese Yuan terms, came in at CNY586.40 billion, widening from the previous figure of CNY513.45 billion. Exports jumped by 11.2% YoY in May vs. 5.1% seen in April. The country’s imports rose 5.2% YoY in the same period vs. 12.2% recorded previously. In US Dollar terms, China’s trade surplus shrank in May. Trade Balance ...
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Brent oil quotes continue to move within the framework of growth development and have left the bearish channel. At the time of publication of the forecast, the price of Brent oil is $78.85 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines, which indicates pressure from ...
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As the saying goes, “There are lies, damn lies and statistics.” And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the ...
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After yesterday's breathless Nvidia-led meltup, which saw the AI chipmaker surpass both $3 trillion in market cap and Apple's valuation, today's session was a boring affair by ...
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Oil prices rose on Friday, continuing to climb after OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements and as an interest rate cut in ...
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In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's ...
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China's Trade Balance for May, in Chinese Yuan terms, came in at CNY586.40 billion, widening from the previous figure of CNY513.45 billion. Exports jumped by 11.2% YoY in May vs. ...
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European Central Bank (ECB) Executive Board member Isabel Schnabel said on Friday that the ECB's monetary policy has not been dominated by fiscal policy in recent years and that ...
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Brent oil quotes continue to move within the framework of growth development and have left the bearish channel. At the time of publication of the forecast, the price of Brent oil is $78.85 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines, which indicates pressure from ...
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Natural gas gains some ground despite the bearish EIA report, which indicated that working gas in storage increased by 98 Bcf from the previous week. A successful test of the resistance at $2.80 – $2.85 will push natural gas towards the next resistance level at $3.02 – $3.09. chart WTI oil continues to rebound after the previous sell-off as traders react ...
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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% ...