Energy News
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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 ...
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A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he had access to. Prosecutors said Wednesday that former IRS account management worker Rodney Quinn Rupe received a U.S. Treasury check for $2,100,377 in January after ...
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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 ...
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After several decades of failed attempts, scientists believe they are finally edging closer to achieving nuclear fusion at the scale needed to produce abundant clean energy. Several successful tests in recent years have made energy experts optimistic about the future of nuclear fusion, although some believe we are still a long way off achieving ...
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Further reductions of European Central Bank borrowing costs may risk a stronger impact on the euro exchange rate and inflation, according to Governing Council member Robert Holzmann. “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an impact on the exchange rate, and with it ...
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Main scenario: consider short positions from corrections below the level of 80.85 with a target of 63.77 – 55.00. Alternative scenario: breakout and consolidation above the level of 80.85 will allow the asset to continue rising to the levels of 87.80 – 94.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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Economists are divided over how many interest-rate cuts Federal Reserve officials will signal for 2024 at their policy meeting next week, following a pop in recent inflation ...
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Swiss voters backed a government plan to boost domestic renewable energy, a decision that will make the construction of solar and wind plants in the Alps easier and ensure ...
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Main scenario: consider short positions from corrections below the level of 80.85 with a target of 63.77 – 55.00. Alternative scenario: breakout and consolidation above the level of 80.85 will allow the asset to continue rising to the levels of 87.80 – 94.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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Natural gas broke above the neckline of its inverted head and shoulders pattern to confirm that a reversal from the selloff is in order. Technical indicators also appear to be hinting at a return in upside pressure as well. The 100 SMA crossed above the 200 SMA to indicate that the path of least resistance is to the upside or that the climb is likely to ...
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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% ...