US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports
The EIA reports an 88 Bcf weekly increase in US natural gas storage, reaching 1,934 Bcf, though levels are down 478 Bcf year-over-year and slightly below the five-year average.
Economy News
DOGE Cuts $845M in Federal Contracts to Combat Wasteful Government Spending
The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million initially and ...
Keir Starmer Launches Groundbreaking £300M Offshore Wind Project to Revolutionize UK's Clean Energy Sector
UK Prime Minister Keir Starmer announces a £300 million offshore wind project to boost clean energy and job creation, alongside a £2 billion agreement with Eni S.p.A. for a carbon ...
Bundesbank Warns of Potential Economic Setback in Germany's Second Quarter Amid Weak Demand
The Bundesbank warns of a potential economic setback in Germany's second quarter due to weak demand and trade challenges, despite a slight GDP rise in Q1. Inflation outlook remains...
U.S. Job Market Shows Slight Strain as Initial Jobless Claims Rise to 222,000
Initial jobless claims in the U.S. increased slightly to 222,000 for the week ending April 19, while the 4-week moving average decreased. The insured unemployment rate held steady ...
Germany Braces for Economic Stagnation in 2025 Amid Global Trade Tensions
The German government expects economic stagnation in 2025, revising down previous growth forecasts. Inflation is projected to fall, but global trade tensions, particularly with the...
March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Led by Transportation Equipment
US durable goods orders experienced a significant 9.2% increase in March, with transportation equipment leading the surge. Excluding transportation, orders remained stable, showing...
ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs
Joachim Nagel of the ECB states that tariffs will have a stronger inflationary effect in the US than in Europe, with significant implications for Germany's economic growth.
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