Tag: energy
LONGi Green Energy: Demand in the photovoltaic industry grew rapidly in the first half of the year
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On the evening of August 24, LONGi Green Energy disclosed its 2022 semi-annual report. In the first half of the year, the company achieved...
U.S. crude oil exports hit 5 million barrels per day
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International oil prices have recently turned heads, as U.S. crude oil sales overseas are set to hit a new record by 2023 as U.S....
U.S. crude oil, refined oil inventories fall
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On August 24, local time, the EIA said that in the last week, U.S. crude oil and refined oil inventories fell, but the large...
South Korea’s economy heavily reliant on exports, won tumbles against dollar
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On Wednesday (August 24), the US dollar was quoted at 1342.1000 against the KRW, an increase of 0.25%. The KRW fell to 1345.80 against...
MUFG: Weak U.S. economic data unlikely to change dollar’s trend
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The us dollar index hit a high of 109.27 yesterday, close to the year's high of 109.29, but weak U.S. housing data and U.S....
Even ECB rate hikes won’t stop the euro from plunging
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On August 24, the euro was hovering below parity against the dollar after its recent slump, and even a sharp interest rate hike by...
Euro, yen weaken, dollar index rises
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On Wednesday (August 24), EURUSD opened at 1.1766 and temporarily reported at 0.9945. The dollar index temporarily reported 108.73. USD/JPY temporarily reported 136.94. There...
Work stoppages tighten markets further, European gas continues to surge
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On August 24, the gas market was further tightened by prolonged shutdowns of plants in the United States and Norway, exacerbating a rise in...
Europe’s worst drought now, euro could hit new lows
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Today on Wednesday (August 24), the euro/dollar bottomed out and rebounded. It is currently trading around 0.9969. The euro was quoted at 0.9945 against...
Eurozone economy weakened by energy crisis
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On Wednesday (August 24), the opening price of the euro and the dollar was 1.1766, the closing price was 0.9968 yesterday, and the temporary...
Moderate exchange rate fluctuations are conducive to keeping the economy operating within a reasonable range
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The strength of the US dollar reappeared. Yesterday, the US dollar index broke through the 109 mark in intraday trading, hitting a new high...
Norway’s natural gas production is expected to hit a new high this year, can it solve the European energy crisis?
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Norway plans to keep natural gas production at current high levels through 2030 as Europe plans to cut imports from Russia due to the...