Energy News
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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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Mining giant BHP offered to buy Anglo American, a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry. Anglo American said Thursday it had received a proposal from BHP made up of an all-share offer for the company, contingent upon Anglo American’s demerger of shareholdings ...
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The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
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Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East. Brent crude traded below $89 a barrel after gaining 2.5% last week, while West Texas Intermediate dropped toward $83. US Secretary of State Antony Blinken will step up efforts to secure a truce in Gaza during a visit to ...
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The Baker Hughes rig count for the current week shows: • Oil rigs: 506 vs 511 • Natural gas rigs:105 vs 106. • Total rigs: 613 vs 619 last week. Crude oil is trading up $0.22 at $83.80.Baker Hughes: US oil rig count down by 5 to 506 The number of oil rigs in the United States stood at 506 in the week ending April 26, decreasing by five ...
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Until pulling back a little from its highs on Friday, crude oil had been trending higher for much of the week, making back a good chunk of the losses suffered in the previous week. The 4-month rally stalled earlier this month as investors worried about demand from the US, where hot inflation continues to push back the implied probability of interest rate ...
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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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Hamas said Sunday it had no “major issues” after reviewing Israel’s latest proposal for a long-sought truce and hostage-release deal in the Gaza Strip after almost seven months of ...
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Japan and the European Union will agree to deepen cooperation on economic security, including strengthening supply chain resilience for semiconductors and other critical ...
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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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Today you will see CRUDE OIL price prediction based on the technical analysis. What is the support and resistance on the daily time frame for USWTI. What to expect where the price will breakout for the USWTI based on the supply and demand zones.
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The Funded Trader, a prop trading firm that halted payouts and temporarily suspended services for three weeks, came back online last week and is now in the process of moving its base from the United States to the Cayman Islands. “The Funded Trader LLC, headquartered in the USA, is currently in the process of transitioning its operations to an entity located ...