September 21, 2023 9:33 am
The Norwegian Krone firmed to an intraday high against the US Dollar on Thursday, after Norway’s central bank hiked interest rates at its September meeting and said it would likely raise them once again in December. Norges Bank raised its key policy rate by 25 basis points to 4.25% earlier on Thursday, in line with […]
Read moreSeptember 21, 2023 7:31 am
The Australian Dollar retreated to a fresh one-week low against its US counterpart on Thursday, after the Federal Reserve left interest rates intact, but toughened a hawkish monetary policy stance. As a result, the US Dollar scaled a fresh six-month peak against a basket of major peers and US Treasury yields surged to levels unseen […]
Read moreSeptember 20, 2023 1:10 pm
TotalEnergies and Adani Green Energy Limited announced on Wednesday that they had entered into a binding agreement to establish a new, equally owned joint venture with a 1,050 MWac portfolio. The latter will consist of a mix of 300 MWac already operational, 500 MWac under construction and 250 MWac under development assets. Under the agreement, […]
Read moreSeptember 20, 2023 9:43 am
Any disruption in gas supply can potentially cause price spikes as the market is “still very tight”, Irene Rummelhoff, Equinor’s head of marketing, midstream and processing, said during an energy conference in Oslo. She cited the strikes at Chevron’s liquefied natural gas sites in Australia as an example. As a result, gas prices in Europe […]
Read moreSeptember 20, 2023 7:29 am
The British Pound hovered just above a 5-month trough against the Canadian Dollar on Wednesday, as lower-than-expected CPI inflation in the UK raised some questions about the Bank of England’s rate outlook. Annual consumer inflation in the United Kingdom decelerated to 6.7% in August from 6.8% in July, while confounding market expectations of an increase […]
Read moreSeptember 20, 2023 6:45 am
Warner Music Group Corp said on Tuesday that it had appointed Bryan Castellani as Executive Vice President and Chief Financial Officer, effective October 16th. He is to succeed Eric Levin, who will stay with the company to ensure a smooth transition before his retirement in January. Castellani has worked more than 20 years at The […]
Read moreSeptember 19, 2023 12:34 pm
Eversource Energy said on Monday that it had appointed Paul Chodak as Executive Vice President and Chief Operating Officer, effective November 13th. Chodak has been American Electric Power’s Executive Vice President of Generation since 2019, where he has been responsible for the safe and efficient operation of the company’s regulated power plants. Previously, Chodak served […]
Read moreSeptember 19, 2023 9:54 am
Futures on US West Texas Intermediate Crude Oil gained for a fourth straight trading day on Tuesday, after weak US shale production added to supply deficit concerns. Both WTI Futures and Brent Futures have surged for three successive weeks, while trading in proximity to ten-month highs. According to the US Energy Information Administration, US oil […]
Read moreSeptember 19, 2023 8:00 am
Danish company Orsted announced on Monday that it had tied up with Terra Solar to develop a 400 megawatt portfolio of solar energy in Ireland. The projects could potentially power more than 90,000 Irish households and are expected to be completed before the end of the decade. “Ireland has seen several amber alerts on warm […]
Read moreSeptember 19, 2023 7:10 am
The AUD/JPY pair remained stuck within a narrow range on Tuesday ahead of the outcome of the Bank of Japan’s policy meeting on Friday, while the minutes of the Reserve Bank of Australia’s September meeting were shrugged off. The Bank of Japan’s September meeting will be closely watched for clues over when its negative interest […]
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