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Iraq will export 185,000 barrels of oil per day from fields in the Kurdish region through the Iraq-Turkey pipeline and gradually increase it to 400,000 barrels per day once oil delivery resumes, Deputy Oil Minister Basm Mohammed said on Sunday. Basm revealed no specific timetable but expected Turkey to respond within 24 hours. Basm said the Kurdistan region's oilfields have a capacity of 300,000 barrels per day, some of which will be used domestically, and the remaining 185,000 barrels per day w...
Federal Reserve Vice Chairperson Michael Barr responded to the controversy over the debanking of the cryptocurrency industry, saying that the Federal Reserve has always been neutral and will not prevent banks from working with the crypto industry. Barr emphasized that the Fed provides clear guidance and a regulatory framework to enable banks to engage in crypto within compliance, and said it will not require banks to do it or dissuade them from doing it.
US API crude oil inventories 3.339 million barrels in the week to February 14, expected to 2.20 million barrels, and the previous value 9.043 million barrels.
Barron's reports that the Federal Reserve has signaled that it is in no hurry to cut interest rates further as inflation continues to rise. Investors will look to the Fed's meeting notes for clues as to how long interest rates can remain at current levels. President Trump's new fiscal policies, namely deregulation, tax cuts, and potential stimulus measures, could boost economic growth, further reducing the need for continued rate cuts. In addition, tariffs and immigration policies could both exa...
Federal Reserve Governor Barr said the central bank could take action if inflation falls faster than expected or if the labor market becomes weaker than expected.
Federal Reserve Governor Barr said that generative artificial intelligence has significantly increased the productivity of various knowledge-based activities, allowing even people without programming skills to use it effectively.
According to analyst expectations compiled by FactSet, Coinbase is expected to report earnings per share (EPS) of $2.11 and revenue of $1.84 billion in the fourth quarter. This represents a significant increase from earnings per share of $1.04 and revenue of $954 million in the fourth quarter of 2023. Analysts estimate that Coinbase's total trading volume in the fourth quarter is $216 billion, up from $185 billion in the third quarter and $154 billion in the fourth quarter of 2023. So...
US API crude oil inventories 9.043 million barrels in the week to February 7, expected to 2.60 million barrels, and the previous value 5.025 million barrels.
In a letter from Digital Currency Group shareholders, CEO Barry Silbert talks about deAI (Decentralized AI): the cryptocurrency industry's efforts to merge artificial intelligence innovation with blockchain technology. He believes that this technological convergence of deAI could lead to better returns for humanity than closed systems developed by OpenAI and other giants. DCG has invested $105 million in more than a dozen deAI projects, Barry Silbert said.
The United States to January 31 week EIA crude oil inventories 8.664 million barrels, expected 1.962 million barrels, the previous value of 3.463 million barrels.
EIA reports that the four-week average supply of U.S. crude oil products was 2060.8 million barrels per day, an increase of 3.33% over the same period last year.
US API crude oil inventories 5.025 million barrels in the week to January 31, expected to 3.257 million barrels, and the previous value 2.862 million barrels.
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