Energy News
- From asahi.com|13 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 think.ing.com|4 hr ago
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 rate cut. The main focus will be their updated dot plot, which outlines the individual members’ views on the path for interest rates. In March, they signalled that three rate cuts ...
- From timera-energy.com|5 hr ago
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 ...
- From eia.gov|5 hr ago
Parts of the United States could be at risk for electricity supply shortages if electricity demand peaks are higher than anticipated or if less electricity is generated than expected, according to the North American Electric Reliability Corporation’s (NERC) 2024 Summer Reliability Assessment. Under normal summer demand conditions, NERC expects the ...
- From morningstar.com|11 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|4 hr ago
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 timera-energy.com|5 hr ago
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 ...
- From apnews.com|22 hr ago|9 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|8 hr ago
post: GERMAN GOVERNMENT SPOKESPERSON: GERMANY ISN'T CONTEMPLATING A SNAP ELECTION AS A RESULT OF EU ELECTION OUTCOME.
- From @financialjuice|2 hr 27 min 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|7 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% ...