Energy News
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Some traders working for Exxon Mobil Corp. are set to lose their jobs because they don’t want to move from Brussels to London, according to a statement from its unions. The majority of Brussels-based trading staff at the oil giant said in an internal union-led survey that they won’t move to the British capital because of “uncompetitive” pay and a “lack of ...
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A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major disaster. The Andromeda Star, an 820-foot vessel capable of transporting about 730,000 barrels of oil, was involved in a collision ...
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The past century has been a wild ride for investors. This article explores ten of the most dramatic plunges the stock market has witnessed, from the tech-fueled Dot-com bubble burst to the global economic shock of the COVID-19 pandemic. Each crash offers a unique story, exposing vulnerabilities in the system and highlighting the interconnectedness of ...
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Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers’ index for April. Japan’s top currency diplomat Masato Kanda reportedly declined to comment on whether the finance ministry had intervened to prop up yen after it fell to a record low on Monday. The ...
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The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said. Officials from the White House National Security Council, the Department of Energy and other corners of the administration ...
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After the biggest first quarter for global upstream dealmaking in five years, the industry could see another $150 billion of merger and acquisition (M&A) deals in the remainder of 2024. With global M&A deal value crossing the $64 billion mark already this year, it represents the strongest first-quarter performance since 2019 and a 145% increase on the first ...
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A quiet micro and macro day was dominated by Treasury's QRA news (which spoiled all the fun by coming in less than some hyperbolic expectations), and Japanese intervention the FX ...
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Mark Matthews, head of Asia research at Julius Baer, explains why he sees three interest rate cuts by the Federal Reserve this year.
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Asia-Pacific markets were largely set to extend gains on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers’ index for April. ...
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China’s factory activity remained in expansion territory for the second consecutive month in April, in the latest sign that the economic recovery is picking up pace. The official ...
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The improvement in Chinese manufacturing sector conditions extended into the start of the second quarter, according to the latest PMI data. Greater new work inflows, including ...
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Natural Gas: chart Natural gas gains ground as traders focus on Freeport LNG resumption and bet on a rebound from recent lows. A move above the $2.00 level will provide natural gas with a chance to gain additional upside momentum. WTI Oil: chart WTI oil is losing ground as traders react to Israel – Hamas ceasefire talks in Cairo. It should be noted that ...
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Natural gas is still in correction mode, with price bouncing off the 61.8% Fibonacci retracement level seen on its 4-hour time frame. A deeper correction could still reach the channel bottom at $1.700 to attract more buyers. If any of these support zones are enough to keep losses in check, natural gas could resume the climb to the swing high at $1.889 near ...
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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and record energy OI of 62 million, with ...