Crude Oil News @crudetrump Channel on Telegram

Crude Oil News

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Bot news Updates for crude.

Crude Oil News (English)

Are you looking for the latest updates and news on the crude oil industry? Look no further than the Telegram channel 'Crude Oil News' managed by username @crudetrump. This channel is your go-to source for all things related to crude oil, including market trends, price fluctuations, production updates, and much more. Whether you are an investor, trader, or simply interested in staying informed about this vital industry, 'Crude Oil News' has got you covered.

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Crude Oil News

13 Jan, 22:58


Cleveland-Cliffs CEO attacks Japan as he reiterates interest in acquiring U.S. Steel
https://www.cnbc.com/2025/01/13/cleveland-cliffs-ceo-attacks-japan-as-he-reiterates-interest-in-acquiring-us-steel.html

"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.

Crude Oil News

13 Jan, 21:59


WTI Hits 5-Month High on Supply Risks
https://www.rigzone.com/news/wire/wti_hits_5month_high_on_supply_risks-13-jan-2025-179301-article/?rss=true

Oil prices rose to a five-month high as sweeping US sanctions on Russia's energy industry tightened global supplies and fueled market uncertainty.

Crude Oil News

13 Jan, 21:58


Oil Industry Spurned by Supreme Court on Hawaii Climate Suit
https://www.rigzone.com/news/wire/oil_industry_spurned_by_supreme_court_on_hawaii_climate_suit-13-jan-2025-179300-article/?rss=true

The U.S. Supreme Court buttressed efforts by environmental advocates to hold oil companies accountable for climate change.

Crude Oil News

13 Jan, 21:38


AUD/USD stabilizes after post-NFP slide
https://www.marketpulse.com/news-events/central-banks/aud-usd-stabilizes-after-post-nfp-slide/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing.  Earlier, the Australian dollar fell as low as 0.6130, its lowest level since April 2020. It was another rough week for the Australian dollar, which declined 1.7% last week. The […]

Crude Oil News

13 Jan, 20:07


Edison says no electrical anomalies found before Eaton blaze as shares tumble as wildfires rage on
https://www.cnbc.com/2025/01/13/edison-says-no-electrical-anomalies-found-before-eaton-blaze-as-shares-tumble-as-wildfires-rage-on.html

Electrical anomalies are typically seen when equipment sparks, Edison International CEO Pedro Pizarro told CNBC's Money Movers.

Crude Oil News

13 Jan, 17:47


Advanced Ionics Raises Additional $6.7 Million for New Electrolyzer Tech
https://www.rigzone.com/news/advanced_ionics_raises_additional_67_million_for_new_electrolyzer_tech-13-jan-2025-179297-article/?rss=true

Advanced Ionics raised $6.7 million in additional funding for a new electrolyzer technology that uses waste heat from industrial sources and works with a wide range of temperatures.

Crude Oil News

13 Jan, 17:46


Russia's Budget Oil Revenue Spiked by Almost a Third in 2024
https://www.rigzone.com/news/wire/russias_budget_oil_revenue_spiked_by_almost_a_third_in_2024-13-jan-2025-179299-article/?rss=true

Russia's oil proceeds to the state budget increased by almost a third last year to the highest since at least 2018.

Crude Oil News

13 Jan, 17:45


Enverus Releases List of 'Most Prolific' Public Oil, Gas Operators in USA
https://www.rigzone.com/news/enverus_releases_list_of_most_prolific_public_oil_gas_operators_in_usa-13-jan-2025-179298-article/?rss=true

Enverus announced that it has released a list of the 50 'most prolific ... public oil and gas operators in the U.S. based on gross operated production last year'.

Crude Oil News

13 Jan, 16:20


Brent Crude – Oil Advances on Russian Sanctions. Will the 100-day MA Cap Gains?
https://www.marketpulse.com/commodities/brent-crude-oil-advances-on-russian-sanctions-will-the-100-day-ma-cap-gains/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Oil prices rose due to new US sanctions on Russian oil and tankers. The Kremlin warned these sanctions could destabilize global energy markets. Indian ‘sources’ stated it would avoid purchasing Russian oil from sanctioned entities and vessels. Markets are assessing the potential for a supply shock and whether OPEC+ will increase output. Most Read: Markets […]

Crude Oil News

13 Jan, 16:19


AUD/USD: Aussie bears have taken a foothold reinforced by longer-term US Treasury yield premiums
https://www.marketpulse.com/forex/aud-usd-aussie-bears-have-taken-a-foothold-reinforced-by-longer-term-us-treasury-yield-premiums/kwong?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

A higher 10-year yield premium of the US Treasuries over Australian sovereign bonds has reduced the attractiveness of the Aussie dollar as a “high-yielding” currency. Deflationary risk in China coupled with potential higher trade tariffs policy from the US has reinforced recent languish movements in the Iron Ore CFR China futures. Major bearish breakdown in […]

Crude Oil News

13 Jan, 14:55


Crude Oil Market Has Come Alive
https://www.rigzone.com/news/crude_oil_market_has_come_alive-13-jan-2025-179294-article/?rss=true

'Supply is the key near-term driver', Chris Weston, Head of Research at Pepperstone, said.

Crude Oil News

13 Jan, 14:54


Uniper Plans Abated 470 MW Gas Power Station in Humber, England
https://www.rigzone.com/news/uniper_plans_abated_470_mw_gas_power_station_in_humber_england-13-jan-2025-179293-article/?rss=true

Uniper plans to build a 470-MW natural gas-fueled power station with a carbon capture facility in England's Humber region.

Crude Oil News

13 Jan, 14:53


Norway Hits New Annual Gas Production Record
https://www.rigzone.com/news/norway_hits_new_annual_gas_production_record-13-jan-2025-179292-article/?rss=true

Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.

Crude Oil News

13 Jan, 14:52


AQN Completes Renewable Energy Business Sale
https://www.rigzone.com/news/aqn_completes_renewable_energy_business_sale-13-jan-2025-179290-article/?rss=true

The divestment is part of AQN's transition to a 'pure-play regulated utility with reduced complexity'.

Crude Oil News

13 Jan, 14:51


Serbia Ready to Buy Russian Stake in NIS Refiner, Vucic Says amid Sanctions
https://www.rigzone.com/news/wire/serbia_ready_to_buy_russian_stake_in_nis_refiner_vucic_says_amid_sanctions-13-jan-2025-179289-article/?rss=true

Serbia's president said the country has the money to pay for Gazprom's stake in the Balkan country's only refiner to preserve production amid new U.S. sanctions against Russia.

Crude Oil News

12 Jan, 16:01


Why Trump and GOP attacks on IRA can't score a clean sweep in red states
https://www.cnbc.com/2025/01/12/trump-gop-attacks-on-ira-wont-score-clean-sweep-in-red-states.html

Not a single Republican voted in favor of Biden's IRA, but a vow from Trump and a GOP Congress to repeal the act would mean significant job losses.

Crude Oil News

12 Jan, 13:10


Magnolia Names New Independent Director
https://www.rigzone.com/news/magnolia_names_new_independent_director-12-jan-2025-179270-article/?rss=true

R. Lewis Ropp will join Magnolia's audit committee.

Crude Oil News

11 Jan, 13:13


Texas Refineries Prepare for First Winter Storm, Frigid January
https://www.rigzone.com/news/wire/texas_refineries_prepare_for_first_winter_storm_frigid_january-11-jan-2025-179280-article/?rss=true

Texas refineries are bracing for an onslaught of cold, snow and freezing rain.

Crude Oil News

11 Jan, 01:56


Oil Hits 3-Month High Amid Sanctions
https://www.rigzone.com/news/wire/oil_hits_3month_high_amid_sanctions-10-jan-2025-179281-article/?rss=true

Oil prices surged to a three-month high as sweeping US sanctions on Russia fueled a bullish rally, tightening global supply and propelling crude to a strong start in 2025.

Crude Oil News

10 Jan, 19:53


USA Ramps Up Pressure on Russia With Fresh Energy Sanctions
https://www.rigzone.com/news/wire/usa_ramps_up_pressure_on_russia_with_fresh_energy_sanctions-10-jan-2025-179279-article/?rss=true

The U.S. imposed its most aggressive sanctions on Russia's oil industry yet.

Crude Oil News

05 Dec, 13:31


Euro steady as France’s government collapses
https://www.marketpulse.com/news-events/central-banks/euro-steady-as-frances-government-collapses/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The euro has been drifting most of this week and remains steady on Thursday. In the European session, EUR/USD is trading at 1.0533, up 0.22% at the time of writing. France in political chaos as government collapses France’s coalition government has collapsed after a no-confidence vote against the government passed on Wednesday. French Prime Minister […]

Crude Oil News

05 Dec, 13:26


OPEC+ members to delay oil production increases
https://www.cnbc.com/2024/12/05/opec-members-to-delay-oil-production-increase-until-april.html

This production cut was previously due to start being phased out in December.

Crude Oil News

05 Dec, 11:49


Shell and Equinor to create Britain's largest independent oil and gas company in joint venture
https://www.cnbc.com/2024/12/05/shell-equinor-to-create-uks-largest-independent-oil-and-gas-company.html

Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.

Crude Oil News

05 Dec, 10:54


Aramco, Linde, SLB to Build CCS Hub in Saudi Arabia
https://www.rigzone.com/news/aramco_linde_slb_to_build_ccs_hub_in_saudi_arabia-05-dec-2024-178949-article/?rss=true

The three companies signed a shareholder agreement to build a CCS hub in Saudi Arabia with an initial capacity of nine MMtpa.

Crude Oil News

05 Dec, 10:53


Seatrium, TCOMS Boost Cooperation
https://www.rigzone.com/news/seatrium_tcoms_boost_cooperation-05-dec-2024-178948-article/?rss=true

Seatrium expanded its Master Research Collaboration Agreement with the Technology Centre for Offshore & Marine, Singapore.

Crude Oil News

05 Dec, 08:28


OPAL Fuels Names New Biogas EVP
https://www.rigzone.com/news/opal_fuels_names_new_biogas_evp-05-dec-2024-178947-article/?rss=true

OPAL Fuels appointed Darrel P. Birck as Executive Vice President of Biogas with immediate effect.

Crude Oil News

05 Dec, 08:27


Glencore, Vitol Eye New Fortress' Jamaica LNG Assets
https://www.rigzone.com/news/wire/glencore_vitol_eye_new_fortress_jamaica_lng_assets-05-dec-2024-178946-article/?rss=true

New Fortress, which has faced major project delays and recently refinanced over $2 billion in debt, is considering selling some of its LNG operations.

Crude Oil News

05 Dec, 07:23


Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
https://www.cnbc.com/2024/12/05/britain-to-reach-peak-gasoline-this-year-in-landmark-moment-for-evs.html

Britain is forecast to hit "peak petrol" in 2024, according to a new report, with EVs on track to assume a much bigger share of the country's car market.

Crude Oil News

05 Dec, 01:57


Bitcoin’s (BTC/USD) Exchange Reserves Low as Altcoins Steal the Show
https://www.marketpulse.com/fundamental/bitcoins-btc-usd-exchange-reserves-low-as-altcoins-steal-the-show/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Altcoins are rallying, with Ripple reclaiming its position as a top cryptocurrency by market capitalization, up to 3rd. Bitcoin’s price remains range-bound, as investors appear to be diversifying into altcoins. Bitcoin exchange reserves have plummeted, indicating a potential supply squeeze and increased demand. The sustainability of the altcoin rally depends on Bitcoin holding its ground […]

Crude Oil News

05 Dec, 01:56


EUR/USD Hugs 1.0500 Ahead of French No-Confidence Vote, Breakout Incoming?
https://www.marketpulse.com/fundamental/eur-usd-hugs-1-0500-ahead-of-french-no-confidence-vote-breakout-incoming/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

EUR/USD hovers near 1.0500 as traders await the outcome of the French no-confidence vote. ECB policymakers suggest a 25 bps rate cut is likely in December. Technical analysis indicates key support and resistance levels for EUR/USD. Most Read: USD/JPY Technical Analysis: Is a Short-Term Pullback Imminent Despite USD/JPYs Slide? The 1.0500 continues to serve as […]

Crude Oil News

05 Dec, 01:55


Euro shrugs after eurozone services PMI contracts
https://www.marketpulse.com/news-events/central-banks/euro-shrugs-after-eurozone-services-pmi-contracts/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The euro is almost unchanged on Wednesday. In the European session, EUR/USD is trading at 1.0506, up 0.02% at the time of writing. Eurozone Services PMI falls into contraction in November The monthly eurozone Services PMI reports can be viewed as report cards for business activity and the news wasn’t good in November. The Eurozone […]

Crude Oil News

05 Dec, 01:54


Aussie tumbles to 4-month low after soft GDP
https://www.marketpulse.com/news-events/central-banks/aussie-tumbles-to-4-month-low-after-soft-gdp/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Australian dollar has taken a tumble on Wednesday. In the European session, AUD/USD is trading at 0.6416, down 1.1% on the day at the time of writing. Earlier, the Australian dollar dropped as low as 0.6407, its lowest level since August 5. Australia’s GDP misses expectations Australia’s GDP report was a disappointment, falling short […]

Crude Oil News

05 Dec, 01:34


WTI Falls 2% as Economic Data Weighs on Market
https://www.rigzone.com/news/wire/wti_falls_2_as_economic_data_weighs_on_market-04-dec-2024-178945-article/?rss=true

Oil prices fell 2% as weak US economic data and swelling fuel stockpiles outweighed OPEC+ progress on delaying production increases, highlighting ongoing market uncertainty.

Crude Oil News

05 Dec, 01:33


Russia's Oil Revenues in November Took a Hit Amid Crude Slump
https://www.rigzone.com/news/wire/russias_oil_revenues_in_november_took_a_hit_amid_crude_slump-04-dec-2024-178943-article/?rss=true

The Kremlin's oil revenues in November fell from a year earlier for a second consecutive month.

Crude Oil News

05 Dec, 01:21


EV tax credit is 'catastrophically stupid,' says incoming Ohio Senator and 'car czar' Bernie Moreno
https://www.cnbc.com/2024/12/04/ev-tax-credit-catastrophically-stupid-incoming-ohio-senator-moreno.html

Ohio Senator-elect Bernie Moreno said the $7,500 EV tax credit should be eliminated and instead let the automakers and consumers decide what cars to buy.

Crude Oil News

04 Dec, 17:46


Maryland Offshore Wind Project Gets Final Approval
https://www.rigzone.com/news/maryland_offshore_wind_project_gets_final_approval-04-dec-2024-178940-article/?rss=true

BOEM accepted the Construction and Operations Plan for the two-GW Maryland offshore wind project by an Italian-led joint venture.

Crude Oil News

04 Dec, 17:45


ExxonMobil Announces New Upstream Leader
https://www.rigzone.com/news/exxonmobil_announces_new_upstream_leader-04-dec-2024-178939-article/?rss=true

Liam M. Mallon will retire early next year.

Crude Oil News

04 Dec, 11:49


Uniper to Supply 6 TWh of Power for Swedish Green Hydrogen Plant
https://www.rigzone.com/news/uniper_to_supply_6_twh_of_power_for_swedish_green_hydrogen_plant-04-dec-2024-178938-article/?rss=true

Uniper signed an agreement to deliver six TWh of electricity over six years for the electrolyzer unit of a steel production project by Stegra in northern Sweden.

Crude Oil News

04 Dec, 11:48


Shell-Backed Battery Project in Melbourne Unlocks 200 MW of Storage
https://www.rigzone.com/news/shellbacked_battery_project_in_melbourne_unlocks_200_mw_of_storage-04-dec-2024-178937-article/?rss=true

A consortium led by Eku Energy and Shell Energy completed the second-biggest battery storage project in the Australian state of Victoria with a capacity of 200 MW.

Crude Oil News

04 Dec, 11:47


Analysts Look at Upcoming OPEC+ Meeting
https://www.rigzone.com/news/analysts_look_at_upcoming_opec_meeting-04-dec-2024-178936-article/?rss=true

SEB, Macquarie, and Sparta analysts offer their views.

Crude Oil News

02 Dec, 16:37


BOEM Alaska OCS Region Gets New Environmental Studies Chief
https://www.rigzone.com/news/boem_alaska_ocs_region_gets_new_environmental_studies_chief-02-dec-2024-178908-article/?rss=true

Heather Parker, who had experience with NOAA, has been appointed chief of the Alaska OCS Environmental Studies Program.

Crude Oil News

02 Dec, 16:36


Norway Carbon Capture Plant Marks Milestone in Longship Project
https://www.rigzone.com/news/wire/norway_carbon_capture_plant_marks_milestone_in_longship_project-02-dec-2024-178915-article/?rss=true

The European Union has said hundreds of millions of tons of CO2 will need to be captured annually by 2050 to reach net zero goals.

Crude Oil News

02 Dec, 16:35


Gran Tierra Makes Oil Discovery in Ecuador
https://www.rigzone.com/news/gran_tierra_makes_oil_discovery_in_ecuador-02-dec-2024-178901-article/?rss=true

'The success of this well solidifies Gran Tierra's understanding of the field area and will be a key pillar of development growth plans in South America for years to come'.

Crude Oil News

02 Dec, 14:03


Norway hits pause on controversial deep-sea mining plans
https://www.cnbc.com/2024/12/02/norway-hits-pause-on-controversial-deep-sea-mining-plans.html

Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining.

Crude Oil News

02 Dec, 13:42


BOJ’s Ueda hints at rate hike, yen dips
https://www.marketpulse.com/news-events/central-banks/bojs-ueda-hints-at-rate-hike-yen-dips/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 150.03, up 0.26% on the day. Ueda says rate hike is “nearing” Bank of Japan Governor Ueda has been hinting about a rate hike and gave what was perhaps his strongest hint on Friday. In a newspaper interview, Ueda said […]

Crude Oil News

02 Dec, 13:41


Australian retail sales jump but Aussie dips
https://www.marketpulse.com/newsfeed/australian-retail-sales-jump-but-aussie-dips/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Australian dollar is in negative territory on Monday. In the European session, AUD/USD is trading at 0.6491, down 0.26% on the day. Australia’s retail sales rise to 0.6% Australian events started the week on a strong note, as retail sales were higher than expected. October retail sales jumped 3.4% y/y in October, up sharply […]

Crude Oil News

02 Dec, 13:40


Russell 2000: On sight for a potential fresh all-time high
https://www.marketpulse.com/indices/russell-2000-on-sight-for-a-potential-fresh-all-time-high/kwong?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Russell 2000 outperformance against S&P 500 and Nasdaq continued to persist since Q3 2024. The recent monthly Russell 2000 stellar performance of 10.8% in November has been reinforced by the incoming Trump administration’s “America First” policy. Watch the 2,288 key medium-term support on the Russell 2000. This is a follow-up analysis of our prior report, […]

Crude Oil News

02 Dec, 13:21


Israel's NewMed Energy to Farm into Exploration Block Offshore Bulgaria
https://www.rigzone.com/news/israels_newmed_energy_to_farm_into_exploration_block_offshore_bulgaria-02-dec-2024-178910-article/?rss=true

NewMed Energy signed an agreement to buy a 50 percent stake in the Han Asparuh block, located on Bulgaria's side of the Black Sea, from OMV Petrom.

Crude Oil News

02 Dec, 13:20


CNOOC Has Put Onstream Six Projects in South China Sea This Year
https://www.rigzone.com/news/cnooc_has_put_onstream_six_projects_in_south_china_sea_this_year-02-dec-2024-178909-article/?rss=true

CNOOC started production at Huizhou 26-6, the state-backed company's sixth startup in the South China Sea in 2024 and its 'first deep buried hill reservoir development' in the sea.

Crude Oil News

02 Dec, 13:19


Petrus Posts Higher Production in Oct, Launches Reinvestment Offer
https://www.rigzone.com/news/petrus_posts_higher_production_in_oct_launches_reinvestment_offer-02-dec-2024-178907-article/?rss=true

The dividend reinvestment plan allows eligible shareholders to reinvest all or part of their cash dividends into additional common shares.

Crude Oil News

02 Dec, 13:18


German Refinery Supplies via Poland Unaffected by Leak
https://www.rigzone.com/news/wire/german_refinery_supplies_via_poland_unaffected_by_leak-02-dec-2024-178906-article/?rss=true

Oil supplies to German refineries via Poland were unaffected by a leak reported in one of the two Druzhba pipeline links, Polish state pipeline operator PERN said.

Crude Oil News

02 Dec, 09:36


Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
https://www.cnbc.com/2024/12/02/china-automakers-byd-leapmotor-xiaomi-smash-annual-delivery-targets.html

The Chinese automakers have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand.

Crude Oil News

02 Dec, 04:10


Swedish Pension Fund Disinvests from EOG, MEG Citing Lack of Climate Plans
https://www.rigzone.com/news/swedish_pension_fund_disinvests_from_eog_meg_citing_lack_of_climate_plans-02-dec-2024-178889-article/?rss=true

AP7 has now included 53 fossil fuel companies in its blacklist, expanded December 2016 to target firms deemed misaligned with the Paris Agreement.

Crude Oil News

01 Dec, 16:19


Eco Atlantic Loss Widens
https://www.rigzone.com/news/eco_atlantic_loss_widens-01-dec-2024-178888-article/?rss=true

Eco Atlantic reported a net loss of $1.63 million and $2.76 million for the three and six months ended September 30 respectively.

Crude Oil News

30 Nov, 20:02


Texas Oil Town Odessa Now Among USA Cities With Highest Wages
https://www.rigzone.com/news/wire/texas_oil_town_odessa_now_among_usa_cities_with_highest_wages-30-nov-2024-178898-article/?rss=true

Texas oil town Odessa and Denver joined the top 10 U.S. metropolitan areas with the highest weekly wages over the past year.

Crude Oil News

30 Nov, 14:31


How GE Vernova plans to deploy small nuclear reactors across the developed world
https://www.cnbc.com/2024/11/30/ge-vernova-plans-for-small-nuclear-plants-across-the-developed-world.html

GE Vernova plans to roll out small modular reactors aimed at slashing exorbitant costs associated with building traditional nuclear plants.

Crude Oil News

30 Nov, 01:04


Oil Drifts Lower in Thin Post-Holiday Trading
https://www.rigzone.com/news/wire/oil_drifts_lower_in_thin_postholiday_trading-29-nov-2024-178899-article/?rss=true

Trading volumes were lower due to Thursday's Thanksgiving holiday.

Crude Oil News

30 Nov, 01:03


Europe's Gasoline Exports Set to Rebound From Post-Covid Low
https://www.rigzone.com/news/wire/europes_gasoline_exports_set_to_rebound_from_postcovid_low-29-nov-2024-178897-article/?rss=true

Europe's gasoline market is getting a boost.

Crude Oil News

29 Nov, 19:43


Markets Weekly Outlook – US Dollar’s Fate Hinges on NFP as Fed Rate Cut Looms
https://www.marketpulse.com/commodities/markets-weekly-outlook-us-dollars-fate-hinges-on-nfp-as-fed-rate-cut-looms/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

US equities finished strong, driven by tech and retail stocks, with the S&P 500 reaching record highs. The US dollar weakened due to increased expectations of a December rate cut by the Federal Reserve. The upcoming week’s focus is on US jobs data, which could impact the Fed’s decision and the US dollar’s performance. Read […]

Crude Oil News

29 Nov, 17:37


Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
https://www.cnbc.com/2024/11/29/heres-what-can-go-right-to-lift-each-of-our-34-portfolio-stocks-.html

Jim Cramer likes to remind investors of the positives in the market. We applied that mindset to our Club portfolio stocks.

Crude Oil News

05 Nov, 06:41


Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend
https://www.cnbc.com/2024/11/05/oil-giant-saudi-aramco-posts-15percent-drop-in-third-quarter-profit-but-maintains-dividend.html

Crude Oil News

05 Nov, 00:30


Marqeta shares plunge more than 30% on big forecast miss
https://www.cnbc.com/2024/11/04/marqeta-shares-plunge-more-than-30percent-on-big-forecast-miss.html

Marqeta shares plummeted after the company's forecast for the fourth quarter fell shy of analysts' expectations.

Crude Oil News

04 Nov, 23:05


Oil Rallies on OPEC+ Decision and US Election Jitters
https://www.rigzone.com/news/wire/oil_rallies_on_opec_decision_and_us_election_jitters-04-nov-2024-178642-article/?rss=true

A weaker dollar and election uncertainty support rising oil prices, as traders reassess market positions.

Crude Oil News

04 Nov, 23:04


Trudeau to Order Oil, Gas Producers to Cut Emissions by 35 Pct
https://www.rigzone.com/news/wire/trudeau_to_order_oil_gas_producers_to_cut_emissions_by_35_pct-04-nov-2024-178641-article/?rss=true

Prime Minister Justin Trudeau's government will require Canada's oil and gas industry to cut emissions by 35 percent from 2019 levels.

Crude Oil News

04 Nov, 21:12


Valero to Complete Succession Plan with Riggs Becoming Chair
https://www.rigzone.com/news/valero_to_complete_succession_plan_with_riggs_becoming_chair-04-nov-2024-178633-article/?rss=true

Effective December 31, Joseph W. Gorder will retire from his position as Executive Chairman and a member of the board.

Crude Oil News

04 Nov, 17:59


Will USA Election Outcome Affect OPEC+ Policy?
https://www.rigzone.com/news/will_usa_election_outcome_affect_opec_policy-04-nov-2024-178640-article/?rss=true

Rigzone talks to representatives of Hartree Partners, the Heritage Foundation, and the American Enterprise Institute.

Crude Oil News

04 Nov, 17:58


South Korea Weighs Buying More USA Energy If Trump Wins Election
https://www.rigzone.com/news/wire/south_korea_weighs_buying_more_usa_energy_if_trump_wins_election-04-nov-2024-178639-article/?rss=true

The U.S. election on Tuesday is shaping up to be a tight race between Trump and Vice President Harris.

Crude Oil News

04 Nov, 17:57


Altagas Posts Record Exports of LPGs to Asia
https://www.rigzone.com/news/altagas_posts_record_exports_of_lpgs_to_asia-04-nov-2024-178629-article/?rss=true

'This strong operating performance, despite these interruptions, reiterates the value of having multiple export terminals to overcome short-term impacts'.

Crude Oil News

04 Nov, 17:37


Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
https://www.cnbc.com/2024/11/04/coinbase-a16z-contribute-78-million-to-pro-crypto-pac-for-2026-election.html

The pro-crypto super PAC Fairshake says it's raised $78 million for the 2026 midterms.

Crude Oil News

04 Nov, 17:36


Talen, Constellation and Vistra tumble after government rejects Amazon nuclear-data center agreement
https://www.cnbc.com/2024/11/04/tech-partnerships-with-power-companies-for-ai-in-doubt-after-ferc-order.html

Talen Energy in March sold the data center campus to Amazon for $650 million, which would be powered by the nuclear plant in a first-of-its-kind deal.

Crude Oil News

04 Nov, 17:35


'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
https://www.cnbc.com/2024/11/04/opec-chief-is-bullish-on-oil-demand-despite-extended-production-cuts-.html

The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.

Crude Oil News

04 Nov, 13:03


Iberdrola, Invenergy Win Offshore Wind Areas in Gulf of Maine
https://www.rigzone.com/news/iberdrola_invenergy_win_offshore_wind_areas_in_gulf_of_maine-04-nov-2024-178636-article/?rss=true

The four leases, which constitute the first offshore wind lease sale involving the Gulf of Maine, can power over 2.3 million homes, the BOEM said.

Crude Oil News

04 Nov, 13:02


Industry Body Responds to Autumn Budget
https://www.rigzone.com/news/industry_body_responds_to_autumn_budget-04-nov-2024-178638-article/?rss=true

'There is a different path for this industry', OEUK's CEO said.

Crude Oil News

04 Nov, 13:01


Enbridge Meets Estimates, Closes Multiple Acquisitions in Quarter
https://www.rigzone.com/news/enbridge_meets_estimates_closes_multiple_acquisitions_in_quarter-04-nov-2024-178625-article/?rss=true

'The macro-outlook for energy infrastructure demand and the value of incumbency has never been higher'.

Crude Oil News

04 Nov, 13:00


Oil Futures Advance After OPEC+ Move
https://www.rigzone.com/news/oil_futures_advance_after_opec_move-04-nov-2024-178637-article/?rss=true

'This move extends the existing output cut of 2.2 million barrels into December, responding to falling prices and weak demand'.

Crude Oil News

04 Nov, 12:59


Equinor to Raise Stake in Northern Marcellus with $1.25 Billion EQT Deal
https://www.rigzone.com/news/equinor_to_raise_stake_in_northern_marcellus_with_125_billion_eqt_deal-04-nov-2024-178635-article/?rss=true

The involved assets have a projected 2025 production of 350 MMcfd net.

Crude Oil News

04 Nov, 11:40


USD/JPY: Bearish technical factors supported by unwinding of Trump Trade
https://www.marketpulse.com/forex/usd-jpy-bearish-technical-factors-supported-by-unwinding-of-trump-trade/kwong?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

USD/JPY gapped down in today, Asian opening session and shed -0.9% intraday. The current intraday weakness in the USD/JPY has moved in line with the thinning of Trump winning odds over Harris in the US presidential election as it slipped to 53.8% on Sunday based on data from betting market (Polymarket). Prior to the weekend […]

Crude Oil News

04 Nov, 10:26


Next U.S. president shouldn't surrender America's energy dominance, TotalEnergies CEO warns
https://www.cnbc.com/2024/11/04/next-us-president-shouldnt-surrender-americas-energy-dominance-total-ceo-warns.html

TotalEnergies CEO Patrick Pouyanne said he would be surprised to see the next U.S. president lose the country's competitive advantage in energy.

Crude Oil News

04 Nov, 09:01


Transocean Posts Nearly $500 Million Loss
https://www.rigzone.com/news/transocean_posts_nearly_500_million_loss-04-nov-2024-178634-article/?rss=true

The driller took a hit from $617 million in asset impairments.

Crude Oil News

04 Nov, 09:00


QatarEnergy, TotalEnergies to Build 1.25 GW Solar Project in Iraq
https://www.rigzone.com/news/qatarenergy_totalenergies_to_build_125_gw_solar_project_in_iraq-04-nov-2024-178631-article/?rss=true

The planned project is part of the $27 billion Gas Growth Integrated Project of the two companies and Iraq's Basra Oil.

Crude Oil News

02 Nov, 14:29


Taiwan Imports Record Volume of Russian Naphtha
https://www.rigzone.com/news/wire/taiwan_imports_record_volume_of_russian_naphtha-02-nov-2024-178619-article/?rss=true

The island nation imported almost 114,000 barrels a day of Russian naphtha last month, representing 66 percent of its total imports of the feedstock for the month.

Crude Oil News

02 Nov, 00:17


Biden Administration Endorses Approval of Texas Oil Port
https://www.rigzone.com/news/wire/biden_administration_endorses_approval_of_texas_oil_port-01-nov-2024-178617-article/?rss=true

The EPA gave its blessing for a proposed Texas oil port capable of exporting one million barrels of oil a day.

Crude Oil News

02 Nov, 00:16


Coterra Wins Long-Term Gas Orders from Traders Vitol, Centrica
https://www.rigzone.com/news/coterra_wins_longterm_gas_orders_from_traders_vitol_centrica-01-nov-2024-178615-article/?rss=true

The U.S. producer signed separate agreements to supply Centrica and Vitol with 100,000 MMBtud of natural gas.

Crude Oil News

02 Nov, 00:15


TotalEnergies Takes Hit from Weaker Refining Margins, Maintains Dividend
https://www.rigzone.com/news/totalenergies_takes_hit_from_weaker_refining_margins_maintains_dividend-01-nov-2024-178614-article/?rss=true

Earnings per share missed the Zacks Consensus Estimate by 5.4 percent.

Crude Oil News

01 Nov, 18:19


Exxon CEO on U.S. election: 'Not sure how drill, baby, drill translates into policy'
https://www.cnbc.com/2024/11/01/exxon-ceo-says-us-election-wont-affect-oil-production.html

Oil production will be driven by market dynamics, not the outcome of the presidential election, Darren Woods said.

Crude Oil News

01 Nov, 17:40


Markets Weekly Outlook – US Elections and Central Banks Lead the Way
https://www.marketpulse.com/commodities/markets-weekly-outlook-us-elections-and-central-banks-lead-the-way/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Global markets experienced a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China’s Standing Committee meeting, the US election and Central Bank Meetings. Wall Street indexes struggled, potentially due to high valuations and AI capital spend. Read More: GBP/USD Technical: Trendline Break Sets the Stage for Further […]

Crude Oil News

01 Nov, 12:56


Exxon earnings beat, increases fourth-quarter dividend
https://www.cnbc.com/2024/11/01/exxon-xom-earnings-q3-2024.html

Exxon's stock rose in early trading after beating earnings expectations.

Crude Oil News

01 Nov, 12:51


GBP/USD Technical: Trendline Break Sets the Stage for Further Downside
https://www.marketpulse.com/forex/gbp-usd-technical-trendline-break-sets-the-stage-for-further-downside/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

GBP/USD has broken below a long-term ascending trendline, signaling potential further downside. UK budget concerns and a drop in manufacturing PMI have contributed to the Pound’s struggle. UK budget concerns and a drop in manufacturing PMI have contributed to the Pound’s struggle. Most Read: Apple (AAPL), Amazon (AMZN) Earnings Preview: AI Capital Spending and iPhone […]

Crude Oil News

01 Nov, 12:50


Canadian dollar calm edges lower after flat GDP, US job report next
https://www.marketpulse.com/news-events/central-banks/canadian-dollar-calm-edges-lower-after-flat-gdp-us-job-report-next/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3931 at the time of writing, down 0.02%. We could see some volatility from the Canadian dollar later in the day, with the release of the US employment report. US nonfarm payrolls expected to sink to 4-year low […]

Crude Oil News

01 Nov, 12:49


SPX 500: Second sign of downside volatility emerges, odds of medium-term corrective decline increase
https://www.marketpulse.com/indices/spx-500-second-sign-of-downside-volatility-emerges-odds-of-medium-term-corrective-decline-increase/kwong?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Bearish reversal detected below 5,930 key medium-term resistance of the SPX 500. Market breadth indicator (% of component stocks above 20-day and 50-day moving averages) has deteriorated. The odds have increased for a medium-term corrective decline on the SPX 500 as the key US presidential election risk event looms on 5 November. This is a […]

Crude Oil News

01 Nov, 12:48


USD/JPY bounces back ahead of US jobs report
https://www.marketpulse.com/news-events/central-banks/usd-jpy-bounces-back-ahead-of-us-jobs-report/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Japanese yen is in negative territory on Friday after rising 0.89% a day earlier. In the European session, USD/JPY is trading at 152.82 at the time of writing, up 0.52% on the day. Markets brace for super-soft nonfarm payrolls The US releases the October employment report later today and the markets are bracing for […]

Crude Oil News

01 Nov, 10:31


Chevron beats earnings expectations, returns more than $7 billion to shareholders
https://www.cnbc.com/2024/11/01/chevron-cvx-earnings-q3-2024.html

Chevron's stock is largely flat for the year, underperforming the S&P 500 energy sector which has gained more than 6%.

Crude Oil News

01 Nov, 10:30


China's Zeekr reports EV deliveries in October nearly doubled, clocks its best monthly numbers
https://www.cnbc.com/2024/11/01/chinese-ev-company-zeekr-deliveries-rise-in-october-to-a-record-high.html

Several major Chinese electric car companies are yet to release deliveries data for October.

Crude Oil News

01 Nov, 09:35


EU Reports Record Drop in Emissions as RE Surges
https://www.rigzone.com/news/eu_reports_record_drop_in_emissions_as_re_surges-01-nov-2024-178611-article/?rss=true

Compared to 1990, the EU's emissions in 2023 fell 37 percent despite GDP growing 68 percent over the three decades, 'showing the continued decoupling between emissions and economic growth'.

Crude Oil News

01 Nov, 09:34


ExxonMobil Agrees to Sell Argentina Shale Oil Assets to Pluspetrol
https://www.rigzone.com/news/wire/exxonmobil_agrees_to_sell_argentina_shale_oil_assets_to_pluspetrol-01-nov-2024-178610-article/?rss=true

Exxon is exiting the Vaca Muerta to focus efforts elsewhere, including Guyana.

Crude Oil News

01 Nov, 01:07


Oil Jumps as Iran Plans Retaliation
https://www.rigzone.com/news/wire/oil_jumps_as_iran_plans_retaliation-31-oct-2024-178609-article/?rss=true

Oil prices surged as reports of Iran planning a retaliatory strike on Israel reignited fears of supply disruptions in the Middle East.

Crude Oil News

01 Nov, 00:16


Aussie dips on soft Australian retail sales
https://www.marketpulse.com/news-events/central-banks/aussie-dips-on-soft-australian-retail-sales/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Australian dollar is in negative territory on Thursday. In the North American session, AUD/USD is trading at 0.6558, down 0.20%. On Wednesday, the Australian dollar fell as low as 0.6536, its lowest level since August 8. Australian retail sales falls to 0.1% Australian retail sales slowed to 0.1% m/m in September, down sharply from […]

Crude Oil News

01 Nov, 00:15


EUR/USD shrugs as eurozone CPI rises to 2%
https://www.marketpulse.com/news-events/central-banks/eur-usd-shrugs-as-eurozone-cpi-rises-to-2/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The euro is flat on Thursday after three straight winning days. In the European session, EUR/USD is unchanged on the day, trading at 1.0854. Eurozone CPI hits 2% target Eurozone inflation rose to 2% y/y in October, up from 1.7% in September and above the market estimate of 1.9%. This was the fastest increase since […]

Crude Oil News

01 Nov, 00:14


Apple (AAPL), Amazon (AMZN) Earnings Preview: AI Capital Spending and iPhone Sales in Focus
https://www.marketpulse.com/fundamental/apple-aapl-amazon-amzn-earnings-preview-ai-capital-spending-and-iphone-sales-in-focus/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Apple and Amazon’s upcoming Q3 2024 earnings reports are in the spotlight.  Market participants are concerned about rising AI capital expenditures impacting profit margins. Can Amazon rebound from a disappointing Q2? Apple iPhone 16 sales in focus after strong debut in China. Most Read: Bitcoin (BTC/USD) Takes a Pause, $75k Still On as OTC Inflows […]

Crude Oil News

31 Oct, 21:29


OneSubsea Secures Job in BP's Gulf of Mexico Development
https://www.rigzone.com/news/onesubsea_secures_job_in_bps_gulf_of_mexico_development-31-oct-2024-178599-article/?rss=true

OneSubsea secured a contract from BP for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico.

Crude Oil News

23 Oct, 01:41


Modi Touts Closer Russia Ties at BRICS Summit Amid USA Annoyance
https://www.rigzone.com/news/wire/modi_touts_closer_russia_ties_at_brics_summit_amid_usa_annoyance-22-oct-2024-178505-article/?rss=true

India's friendship with Russia, which has become a major oil supplier to the south Asian nation, has increasingly irritated U.S. President Joe Biden's administration.

Crude Oil News

23 Oct, 01:40


Oil Climbs as Traders Track War and Cease-Fire Talks
https://www.rigzone.com/news/wire/oil_climbs_as_traders_track_war_and_ceasefire_talks-22-oct-2024-178508-article/?rss=true

Oil prices rose as escalating tensions between Israel and Iran led to heightened concerns about supply disruptions.

Crude Oil News

23 Oct, 00:55


EUR/USD shrugs after Lagarde says disinflation on the right track
https://www.marketpulse.com/news-events/central-banks/eur-usd-shrugs-after-lagarde-says-disinflation-on-the-right-track/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0806, down 0.07% on the day. Earlier, the euro fell as low as 1.0800, its lowest level since Aug. 2. The European Central Bank has been aggressive in its rate-cutting cycle and has trimmed 75 basis points this […]

Crude Oil News

23 Oct, 00:54


S&P 500, Nasdaq 100 – US Indices Eye Recovery as Earnings and Yields Weigh on Markets
https://www.marketpulse.com/fundamental/sp-500-nasdaq-100-us-indices-eye-recovery-as-earnings-and-yields-weigh-on-markets/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Major US stock indexes are struggling due to a combination of factors, including US earnings reports and hawkish comments from Federal Reserve policymakers. Earnings season has seen mixed results, with some companies exceeding expectations (like General Motors) and others falling short (like Verizon and GE Aerospace). The Dow Jones Industrial Average is showing potential for […]

Crude Oil News

22 Oct, 18:14


US Lawmakers Call for Technology Transfer Sanctions on Russian Oil Sector
https://www.rigzone.com/news/us_lawmakers_call_for_technology_transfer_sanctions_on_russian_oil_sector-22-oct-2024-178506-article/?rss=true

Bipartisan lawmakers raised alarm over alleged contracts, technology exports, tech patents and hiring undertaken by SLB in Russia after the invasion of Ukraine.

Crude Oil News

22 Oct, 18:13


Bay of Campeche Sees Increase in Maritime Robberies, Dryad Says
https://www.rigzone.com/news/bay_of_campeche_sees_increase_in_maritime_robberies_dryad_says-22-oct-2024-178507-article/?rss=true

The situation in the Bay of Campeche shows signs of potentially becoming a more established piracy cluster if left unchecked, Dryad warned.

Crude Oil News

22 Oct, 18:12


European Gas Steadies as Traders Eye Near-Term Geopolitics Risks
https://www.rigzone.com/news/wire/european_gas_steadies_as_traders_eye_nearterm_geopolitics_risks-22-oct-2024-178504-article/?rss=true

European natural gas prices fluctuated as traders remained fixated on near-term geopolitical risks in the Middle East.

Crude Oil News

22 Oct, 17:18


Brent Crude – Oil Rises on China Rate Cuts but Middle East Uncertainty Lingers
https://www.marketpulse.com/fundamental/brent-crude-oil-rises-on-china-rate-cuts-but-middle-east-uncertainty-lingers/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Oil prices rose due to Chinese rate cuts and Middle East uncertainty. The IMF downgraded its global growth forecast to 3.2%. Technically, Further upside is possible if conditions remain consistent. Geopolitics remains key. Most Read: USD/CHF Technical Outlook: Pullback Before Continuation? Oil prices are enjoying a mini renaissance to start the week thanks to Chinese […]

Crude Oil News

22 Oct, 15:51


U.S. crude oil prices rise nearly 1%, extend gains to above $71 per barrel
https://www.cnbc.com/2024/10/22/crude-oil-prices-today-wti-brent-extend-gains.html

Traders increasingly view a supply disruption in the Middle East due to Israel-Iran tensions as unlikely.

Crude Oil News

22 Oct, 14:27


Eni's Plenitude Breaks Ground for Solar Project in Spain
https://www.rigzone.com/news/enis_plenitude_breaks_ground_for_solar_project_in_spain-22-oct-2024-178498-article/?rss=true

The solar plant in Salamanca will have an installed capacity of 220 MW.

Crude Oil News

22 Oct, 14:26


IEA Opens First Office Outside of Paris HQ in Singapore
https://www.rigzone.com/news/iea_opens_first_office_outside_of_paris_hq_in_singapore-22-oct-2024-178497-article/?rss=true

'The opening of the IEA's new office in Singapore is a historic moment for the IEA and signals a step change in our relationship with Southeast Asia'.

Crude Oil News

22 Oct, 14:25


Enbridge Seeks Talks with Indigenous Groups on Potential Partnership
https://www.rigzone.com/news/wire/enbridge_seeks_talks_with_indigenous_groups_on_potential_partnership-22-oct-2024-178496-article/?rss=true

Enbridge invited indigenous communities in Canada to discuss a financial partnership similar to an earlier $809 million sale of a stake in some of its pipelines to such groups.

Crude Oil News

22 Oct, 12:56


Canadian dollar flat, BoC poised to cut rates
https://www.marketpulse.com/news-events/central-banks/canadian-dollar-flat-boc-poised-to-cut-rates/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The Canadian dollar is unchanged on Tuesday. In the European session, USD/CAD is trading at 1.3831 at the time of writing. The Canadian dollar is under pressure and is having a miserable October, down 2.2%. BoC expected to chop rates by 50 bps The Bank of Canada makes its next interest rate decision on Wednesday […]

Crude Oil News

22 Oct, 09:25


Gold Technical: Bullish acceleration in progress reinforced by “Trump Trade”
https://www.marketpulse.com/gold/gold-technical-bullish-acceleration-in-progress-reinforced-by-trump-trade/kwong?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

Republican president nominee Donald Trump prospect of winning the White House has increased in the past week based on data from betting markets. Resurgence of “Trump Trade” narrative has triggered a positive feedback loop into Gold (XAU/USD). An increase in tail-risk hedging activities also led to higher demand for Gold (XAU/USD). Watch the US$2,590 key […]

Crude Oil News

21 Oct, 23:01


Oil Rises Amid Middle East Tensions and Chinese Economic Support
https://www.rigzone.com/news/wire/oil_rises_amid_middle_east_tensions_and_chinese_economic_support-21-oct-2024-178495-article/?rss=true

Oil prices climbed after last week's decline, driven by Middle East tensions and China's economic stimulus, with WTI settling above $70 and Brent over $74 a barrel.

Crude Oil News

21 Oct, 23:00


Nigeria Approves Exxon Oil Asset Sale, Rejects Shell Deal
https://www.rigzone.com/news/wire/nigeria_approves_exxon_oil_asset_sale_rejects_shell_deal-21-oct-2024-178493-article/?rss=true

The decisions end a more than two-year delay to the conclusion of Exxon's $1.3 billion deal, but stymies Shell's plans for the West African nation.

Crude Oil News

21 Oct, 19:44


EUR/USD lower, ECB’s Kazimir confident in ‘disinflation path’
https://www.marketpulse.com/news-events/central-banks/eur-usd-lower-ecbs-kazimir-confident-in-disinflation-path/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day. ECB’s Kazimir says disinflation continuing The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011. The rate […]

Crude Oil News

21 Oct, 19:43


USD/CHF Technical Outlook: Pullback Before Continuation?
https://www.marketpulse.com/fundamental/usd-chf-technical-outlook-pullback-before-continuation/zvawda?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

USD/CHF is showing potential for bullish continuation. The Swiss National Bank may welcome a weaker CHF due to pressure from the swiss export sector. Upcoming US data and geopolitical events, including the IMF meeting and US election, could impact USD/CHF. Most Read: Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda s […]

Crude Oil News

21 Oct, 19:42


USD/JPY edges lower, China cuts lending rates
https://www.marketpulse.com/news-events/central-banks/usd-jpy-edges-lower-china-cuts-lending-rates/kfisher?utm_source=rss-feed&utm_medium=rss&utm_campaign=feed

The yen is slightly lower on Monday. In the European session, USD/JPY is trading at 149.96, up 0.30%. China lowers key lending rates by 25 basis points. China cuts key lending rates China lowered its key lending rates by 25 basis points on Monday. This brings the one-year loan prime rate (LPR) down to 3.1% […]

Crude Oil News

21 Oct, 18:35


Two Puerto Rico Solar Farms Get $861 Million Loan Guarantee from DOE
https://www.rigzone.com/news/two_puerto_rico_solar_farms_get_861_million_loan_guarantee_from_doe-21-oct-2024-178494-article/?rss=true

The DOE agreed on a $861.3 million loan guarantee for two PV generation projects in Puerto Rico with an aggregate capacity of 200 MW.