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By Jamie Mcgeever (Reuters) – As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won’t – come together after July 9, when Washington’s pause on its “reciprocal tariffs” expires. But if investors are wrong-footed, which trades will be …
Hawkish Fed Could Inflict Markets’ Biggest ‘Pain Trades’: McGeever Read More »
The U.S. dollar is on course for its worst first half year since 1973, as it plummeted again on Thursday amid rising expectations for Federal Reserve easing and statements from President Donald Trump about his pick for the next Fed chair. I’ll discuss this and the rest of the market news below. Make sure to …
“As long as there are stories to tell, I would love to keep telling them,” co-creator Christian Wallace said. Now that Taylor Sheridan’s new show Landman has aired its season finale, fans are already eager to know if the Texas-set drama will be back for a second season on Paramount+. In March, the streamer officially confirmed a Landman season 2 after …
IT’S BACK! Everything We Know About LANDMAN Season 2 Read More »
BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more than some rivals – but …
Devil’s in the Details: Why BP’s Debt May Deter a Buyer Read More »
(Reuters) – U.S. product supplied of gasoline rose to 9.6 million bpd in the week ended June 20, the highest since December 2021, data from the Energy Information Administration showed on Wednesday. Product supplied, EIA’s measure of demand, rose 389,000 barrels per day last week, the biggest week-over-week increase since the end of June, the …
US Gasoline Demand Rose Last Week to Highest Since December 2021, EIA Data Shows Read More »
U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 5.8 million barrels to 415.1 million barrels in the week ending June 20, the EIA said, exceeding analysts’ expectations in a Reuters poll for a 797,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery …
US Crude, Gasoline and Distillate Inventories Fall Last Week- EIA Read More »
(Reuters) – The number of hydraulic fracturing crews and rigs operating in North Dakota was unchanged in June, even as oil prices have faced increased volatility in recent weeks, the state regulator said on Tuesday during a monthly briefing. There are currently 13 frac crews operating in the state and 32 rigs. Overall, U.S. energy …
North Dakota Drilling, Fracking Activity Steady as Prices Gyrate, State Regulator Says Read More »
(Reuters) – The massive U.S. tax and budget bill being finalized by Congress cannot pass a provision that automatically enables offshore oil and gas projects to skip over the federal environmental review process unless it gets at least 60 Senate votes, the body’s parliamentarian said on Monday. This is among the latest provisions that have …
US Senate Parliamentarian Says Oil, Gas Projects Can’t Skirt Environmental Review Read More »
By Gavin Maguire A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake DENVER, June 24 (Reuters) – Rapid growth in the installation of batteries is upending power systems across the United States, with battery-deployed electricity volumes scaling new …
COMMENTARY: US Power Sector Battery Storage Momentum Keeps Charging On – Maguire Read More »
By Clyde Russell LAUNCESTON, Australia, June 24 (Reuters) – Crude oil’s sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market, but in doing so it also masks the greater influence of those who stay largely silent. Global benchmark Brent futures plunged after …
COMMENTARY: What Influences Crude Oil More? US Bombs or Iran’s Silent Allies – Russell Read More »
