Energy News
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The University of Calgary says it is planning a potential relaunch of its oil and gas engineering program, which it suspended three years ago due to dwindling student demand. The university stopped admitting students to its petroleum engineering bachelor’s degree program in 2021, after a multi-year period of low oil prices, corporate consolidation and ...
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The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another company. The ex-husband, Tyler Loudon, also was sentenced to one year of supervised release after his prison term and fined ...
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Since 1980, there have been 383 extreme weather or climate disasters where the damages reached at least $1 billion. In total, these disasters have cost more than $2.7 trillion. Created in partnership with the National Public Utilities Council, this chart shows how these disasters have been increasing with each passing decade. A Growing Concern: The U.S. ...
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Gold price has reached the green box area now and will wait for a reaction. If a strong bullish bounce reaction occurs in this area then the bullish trend will be confirmed to continue. Meanwhile, a further decline below this area could be a bearish sign in the medium-long term. In the long term, as long as prices continue to form higher swing high and ...
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Natural gas sold off sharply in the past trading sessions, putting the commodity price in correction mode on the long-term time frames. The Fibonacci retracement tool on the latest swing low and high on the 4-hour chart shows potential support areas. The 38.2% Fib is at $2.449 and the 50% level is at $2.311 near the 100 SMA dynamic support. A larger ...
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” Lane told the Financial Times in an interview published Monday. ...
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The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group ...
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The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said on Monday, noting that some challenges are “uniquely difficult” for ...
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Japan, South Korea and China confirmed the importance of North Korean denuclearization Monday at a trilateral summit held hours after Pyongyang announced a plan to launch a ...
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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist ...
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It is my great pleasure to welcome all of you to this conference. As Governor Ueda mentioned in his opening remarks, the Bank of Japan is conducting the “Broad Perspective Review” of our monetary policy over the past 25 years. In short, it has been a battle against persistent deflation and a battle with the zero lower bound. Let me start by giving an overview of the inflation picture during this period. Please look at Chart 1. Japan’s deflation started in the late 1990s and continued for 15 years. The average inflation rate was just minus 0.3%. It was a mild but persistent deflation. To tackle this situation, the Bank introduced the 2% price stability target and Quantitative and Qualitative Monetary Easing, or QQE, in 2013, and a negative interest rate policy and Yield Curve Control, or YCC, in 2016. As a result, we succeeded in achieving a situation without deflation, but the average inflation rate was 0.5%, which fell short of our 2% goal. Recently, inflation rate has risen to around 3%, following the gl post: BOJ DEPUTY GOVERNOR UCHIDA: DEFLATIONARY BATTLE NEAR CONCLUSION post: BOJ DEPUTY GOVERNOR UCHIDA: BANK OF JAPAN OVERCOMES ZERO LOWER BOUND post: UCHIDA: CHALLENGE REMAINS TO ANCHOR 2% INFLATION post: BOJ'S UCHIDA: HIGHER MENU COSTS, TOGETHER WITH MILD INFLATION, HAVE SLOWED THE PACE OF PRICE ADJUSTMENT
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Natural gas sold off sharply in the past trading sessions, putting the commodity price in correction mode on the long-term time frames. The Fibonacci retracement tool on the latest swing low and high on the 4-hour chart shows potential support areas. The 38.2% Fib is at $2.449 and the 50% level is at $2.311 near the 100 SMA dynamic support. A larger ...
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Gold price has reached the green box area now and will wait for a reaction. If a strong bullish bounce reaction occurs in this area then the bullish trend will be confirmed to continue. Meanwhile, a further decline below this area could be a bearish sign in the medium-long term. In the long term, as long as prices continue to form higher swing high and ...
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RoboMarkets: upcoming changes to the trading schedule (the Memorial Day in the US and the Late May Spring Bank Holiday in the UK)22.05.2024 / 08:00Dear Clients and Partners, Please note the upcoming adjustments to the trading schedule. Holiday: the Memorial Day in the US and the Late May Spring Bank Holiday in the UK Dates: 27/05/2024 - 28/05/2024 This ...