Energy News
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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 ...
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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 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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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.
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Sometimes it’s better to let charts do the talking. In today’s article we use 5 charts to set out the current state of play in gas markets. We particularly focus on the drivers behind the nascent price recovery since Mar 2024 and whether it is set to continue. 1. Russian deficit is driving structural market tightness Imagine someone awoke from a 3 year coma ...
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The result of the European Parliament election appears to allow a workable majority for parties that voted through the EU's 2030 climate and energy strategy. Provisional results show the largest group, the centre-right EPP, gained nine seats to 185, strengthening the position of European Commission president Ursula von der Leyen in her bid to be re-elected. ...
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The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely ...
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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 ...
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Dramatic gains for far-right parties in France and Germany failed to overturn the centrist working majority in the European Parliament as results poured in on Sunday night, ...
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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 ...
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post: GERMAN GOVERNMENT SPOKESPERSON: GERMANY ISN'T CONTEMPLATING A SNAP ELECTION AS A RESULT OF EU ELECTION OUTCOME.
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The index measures the monthly evolution of the volume of industrial production (excluding construction). From January 2022 the indices are calculated as annual chain-linked ...
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Natural gas is resuming its longer-term climb, as the commodity tests the swing high at the $2.850 area near the 50% Fibonacci extension. The Fib tool shows more upside targets if bullish momentum gains traction. The 100 SMA is above the 200 SMA to confirm that the path of least resistance is to the upside or that resistance levels are more likely to break ...
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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% ...