https://youtu.be/HLAphA4HXPs Apache Corporation is halting drilling in the UK North Sea, cutting jobs in Britain, after the latest change to the UK Energy Profits Levy, commonly referred to as the windfall tax. The U.S.-based corporation, which is one of the top ten producers of oil and gas in the UK North Sea, has said that …
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Industrial production in China increased by 3.5% in May compared to the same month in 2022, according to a report by the National Bureau of Statistics on Thursday. In the first five months of the year, the industrial output was 3.6% higher than the same period in 2022. The supply of electricity, thermal power, gas …
SINGAPORE/BEIJING, June 14 (Reuters) – China has issued a third batch of 2023 crude oil import quotas, raising the total volume in the first half of this year to 194.1 million tonnes, up 20% from the same period last year, according to six people and documents on Wednesday. Thirty-three companies, mostly independent refiners, are receiving …
Core inflation — a measure excluding food and energy items, which the Fed views as a better gauge of underlying price pressures — has been persistently elevated. Those prices rose 0.4% for a third-straight month, according to the data from the Bureau of Labor Statistics, which is roughly double the pre-pandemic pace. Running at 5.3%. …
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judge for yourself. See the video.
China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery. The People’s Bank of China lowered the seven-day reverse repurchase rate by 10 basis points to 1.9% on Tuesday, the …
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Oil prices were higher on Tuesday morning as bargain hunters moved in, with WTI trading at $67.86 and Brent changing hands at $72.83. Oil prices ended trade on Monday with another loss as demand concerns continue to dominate markets due to doubts over China’s economic recovery. The Fed meeting begins today and most analysts expect …
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Saudi Arabia’s surprise move to cut 1 million barrels a day of its own output has emboldened markets bulls, while the kingdom’s ominous warning on short-selling seems to have sent some bears into hiding. Hedge funds boosted bullish bets on Brent and WTI crude in the week ended June 6, with long positions on the …
June 12 (Reuters) – Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell 97 cents, or 1.3%, to $73.82 …
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Prosecutors unsealed the indictment against Donald Trump on Friday, and attorney Alan Dershowitz says it contains “strong evidence.” Below is a video that refers to the transcript Federal prosecutors leaked to CNN Smoking gun Trump admits he has classified document he DID NOT declassify CNN obtained a transcript of former President Donald Trump saying on …