Energy News
- From asahi.com|16 hr ago
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 ...
- From justice.gov|Jun 8, 2024
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 ...
- From theconversation.com|Jun 7, 2024
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 ...
- From @financialjuice|5 hr ago|1 comment
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.
- From fxdailyreport.com|10 hr ago
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 ...
- From asahi.com|16 hr ago
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 ...
- From morningstar.com|14 hr ago|2 comments
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 ...
- From think.ing.com|7 hr ago|1 comment
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 ...
- From axios.com|2 hr 53 min ago
Wednesday afternoon, the fate of global financial markets will hang on an array of dots that give clues into how much rate-cutting the Federal Reserve will deliver this year. But ...
- From apnews.com|25 hr ago|10 comments
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 ...
- From @financialjuice|5 hr ago|1 comment
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.
- From @financialjuice|11 hr ago
post: GERMAN GOVERNMENT SPOKESPERSON: GERMANY ISN'T CONTEMPLATING A SNAP ELECTION AS A RESULT OF EU ELECTION OUTCOME.
- From fxempire.com|1 hr 51 min ago
Natural Gas: chart Natural gas pulls back as traders take some profits off the table near multi-month highs. The technical picture remains bullish, but natural gas needs to settle above the $3.09 level to continue the move. WTI Oil: chart WTI oil rallies as traders react to the Goldman Sachs report, which predicted strong demand in summer. A move above ...
- From fxdailyreport.com|10 hr ago
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 ...
- From oilprice.com|Jun 6, 2024
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% ...