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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The euphoria over nuclear energy as a power source for data centers is “overblown,” the CEO of a major power provider for large tech companies told CNBC in an interview Monday. AES Corporation CEO Andrés Gluski said renewable energy is the future, though natural gas will also play a role as a transition fuel. Nuclear power, on the other hand, faces ...
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The US unveiled sanctions on 10 people, ships and companies in a fresh bid to choke off commodity revenue for Yemen’s Houthi rebels, who have disrupted trade flows through the Red Sea with repeated attacks on commercial shippers. The action targeted the network of Houthi financial facilitator Sa’id al-Jamal, who has already been subjected to repeated ...
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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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That’s the title of a Timiraos/WSJ article three days ago: Typically in the recovery from a downturn, households are more cautious about spending and are likely to save. When ...
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US stocks shrugged off early weakness driven by the right-regime-shift in European elections, treading water on Monday, at least on the surface, following Friday's strong Payrolls ...
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The Federal Open Market Committee blackout period has mercifully spared the public from the cacophony of Fed-speak for nearly two blissful weeks. US Federal Reserve communications ...
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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: ECB'S VILLEROY: ECB RATE CUT MARKS A DECISIVE ORIENTATION.
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post: ECB'S Simkus: Too Early To Declare Victory Over Inflation - Rates Can Be Cut More If ECB Sure 2% Goal Will Be Met
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The bullish signal in WTI crude oil I was seeking came to fruition late last week, delivering a sharp rebound that accelerated on Monday. But despite renewed optimism surrounding the economic health of the world’s largest crude consumer, the United States, you can’t escape the fact that OPEC producers are set add barrels to the global marketplace from ...
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Crude oil prices had rallied almost 3% at the time of writing on Monday, more than making back their losses from the week before. While there is hope for increased fuel demand as we head deeper into the US driving season, today’s recovery comes on the back of a three-week drop amid concerns over demand in China and rising non-OPEC supply. So, it remains to ...
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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% ...