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15 July
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Reduced oil and distillate stockpiles boost oil growth
The rise in oil prices continues for the fourth day in a row amid tightening stocks of U.S. crude, heating oil and jet fuel in the United States. On Wednesday, Brent and WTI crude oil jumped due to a significant decline in US crude oil inventories.
22 December 2022
U.S. crude oil and distillate stocks dropped more than expected
Crude oil reserves dropped more than three times the level seen last week, as the Energy Information Administration (EIA) said on Wednesday.
22 December 2022
Colder weather increases U.S. gas demand
After the worst three-day drop in 10 months, natural gas futures in the U.S. are stabilizing.
22 December 2022
Keystone pipeline is being tested as ordered by regulator
As it was stated yesterday by TC Energy representatives, the damaged part of the Keystone pipeline, where a leak had occurred this December, was cautiously separated from the line.
22 December 2022
U.S. natural gas holds near eight-week low due to January warming outlook
U.S. natural gas futures remain around the minimum value of eight weeks. This is due to the fact that extreme cold contributed to the growth of demand for heating. However, the market was able to offset this with a softer long-term outlook.
22 December 2022
Forex and Energy Events for December 22, 2022
On the agenda are US and UK GDP; consumer spending inflation, applications for unemployment benefits and auctions for the placement of US bills; Japanese investments; unemployment in Norway; retail sales in Sweden, as well as natural gas reserves in the United States.
21 December 2022
Falling consumer confidence in New Zealand threatens a deep recession
There has been a sharp fall in consumer confidence in New Zealand, which causes fears of a deeper-than-expected recession.
21 December 2022
NBF: Pressure on the dollar is likely to continue despite hawkish comments from the Fed
The Federal Reserve (Fed) refrained from softening its forward guidance. But markets doubt that the central bank will strictly adhere to the previously announced plan. Therefore, the U.S. dollar is expected to decline. This is reported by Stephane Marion, Chief Economist and Strategist of the National Bank of Canada.
21 December 2022
Yen surge ends, traders are digesting Bank of Japan’s abrupt policy move
The yen slightly weakened on Wednesday but retained its advance against the dollar seen in yesterday's session. Traders are still confused by the Bank of Japan’s policy tweak.
21 December 2022
Consumer sentiment in Germany maintains upward trajectory
Consumer sentiment in Germany will continue to recover in the new year. A recent survey by the GfK institute showed that the government's actions aimed at mitigating the consequences of soaring energy prices appear to have been effective.
21 December 2022
