The catch is that directly measuring the Hubble constant is very tricky. To do so, astronomers like Riess and Freedman must first find and calibrate “standard candles”: astronomical objects that have a well-known distance and intrinsic brightness. With these values in hand, they can infer the distances to standard candles […]
Natural Gas: Bounce Entirely Sold, Downtrend Continues
Natural Gas on the Nymex faced a negative week closing on Friday 10.5% lower than a week ago at $1.70. EIA confirmed on Thursday a withdrawal of 143 Bcf in working underground stocks for the week ended February 21. This is one more average figure for this time of year. […]
Saudi economy grows just 0.3% in 2019 as oil sector shrinks
Economic Indicators8 hours ago (Mar 01, 2020 04:15AM ET) (C) Reuters. Saudi economy grows just 0.3% in 2019 as oil sector shrinks By Davide Barbuscia DUBAI (Reuters) – Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although […]
Stocks And Gold: What Happened Last Week?
The coronavirus crisis is perhaps the real “Black Swan” that no one saw coming. While the virus pulled the trigger on the loaded weapon aimed at the stock market, it’s not the cause of the fastest 10% decline in the history of stock market. Using “as adjusted” GAAP accounting applied […]
Economic Anxiety Hits Oil Prices
Crude oil prices recorded their sharpest weekly drop since the 2008 financial crisis amid an increasing focus on the economic impact of the coronavirus. That triggered fears of weakening demand as COVID-19 spread outside China. Brent crude dropped to $50.52 per barrel, as WTI retreated to $44.76. This represents an […]
Coronavirus weighs on South Korea February trade; ministry says worse to come
(C) Reuters. FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon By Joori Roh and Cynthia Kim SEOUL (Reuters) – South Korean exports snapped a 14-month losing streak in February thanks to more working days this year compared to last, although evidence […]
Coronavirus impact weighs on South Korea Feb. trade, but worse seen to come
(C) Reuters. FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port in Incheon By Joori Roh and Cynthia Kim SEOUL (Reuters) – South Korean exports snapped a 14-month losing streak in February thanks to more working days this year compared to last, although evidence […]