Mon, October 03, 2022
OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

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OPEC Organization of the Petroleum Exporting Countries
Commodities

OPEC+ sources said that the group’s oil producers are considering reducing its

Oil Jumps as Ukraine Conflict Offsets Iran Supply Hopes
Commodities

The Covid-19 pandemic had a tremendous impact on the oil industry. At

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OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize

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FOREX NEWS

FOREX NEWS

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The Dollar At 20-Year Highs, And Might Headed For Higher

Will the Dollar Break Below 20 Years Threshold?

As the market prepared for yet another aggressive rate rise by the Federal Reserve, the U.S. dollar slipped down in early European trade on Tuesday. Still, it maintained its proximity to a 20-year high. The Dollar Index compares the

Dollar vs Yuan

Yuan Dips Beyond Milestone, Will Dollar Dip Continue?

Investors anticipated the U.S. Fed to be proactive when it raises interest rates next week, which led to the dollar index’s tiny decline on Friday but gain for the week. Meanwhile, the Chinese yuan fell through the crucial 7

Yen Resumes Its Downward Trend, Will It Recover Soon?

The US dollar rose in early European trading on Thursday as buyers readjusted their positions ahead of next week’s Fed meeting. The yen also struggled to maintain the uptrend of the previous session. The Dollar Index compares the dollar’s

Dollar, Fed

CPI Statistics Stabilize the Dollar

Early on Wednesday in European trading, the U.S. dollar steadied. The new U.S. inflation data boosted the dollar. The Dollar Index (DXY) measures the dollar’s value against six currencies. It was steady at 109.510 at 03:00 ET (07:00 GMT);

Is Recession Threatening the Oil Market?

Despite a little increase on Friday, oil prices continued to drop for the week due to concerns over sudden interest rate increases that would hurt the global economy and fuel consumption. As of 03:15 GMT, Brent oil futures were

Oil

Demand Fears Push Oil Value Even Lower

On Thursday, the attention shifted away from potential supply disruption and toward weak demand worries about a significant build-up in crude inventories in the US and a strong currency. As a result, oil prices began to drift lower. By

Gas

Europe’s Energy Deficit Carries On

Since the start of the Ukraine War, energy has been a major concern in the EU. While the sanctions have halted Russia to a degree, a lot of Europe is still dependent on its energy exports. In a recent

oil

Demand Concerns Crushes Oil

Although there was some volatility in oil prices on Friday as investors processed an unexpected increase in U.S. crude stocks, substantial weekly losses were predicted due to worries that demand will be negatively impacted by slowing global economic growth.

BROKER NEWS

OPEC Organization of the Petroleum Exporting Countries

OPEC+ To Cut the Output By 0.5-1 Million BPD

OPEC+ sources said that the group’s oil producers are considering reducing its output target at a meeting on October 5. They aim to reduce between 500,000 and 1M barrels per day (BPD) to stabilize the market. An OPEC source estimated the likely number was closer to 500,000 BPD earlier

Is Recession Threatening the Oil Market?

Despite a little increase on Friday, oil prices continued to drop for the week due to concerns over sudden interest rate increases that would hurt the global economy and fuel consumption. As of 03:15 GMT, Brent oil futures were up 24 cents, or 0.3%, to $91.08 a barrel.

Oil

Demand Fears Push Oil Value Even Lower

On Thursday, the attention shifted away from potential supply disruption and toward weak demand worries about a significant build-up in crude inventories in the US and a strong currency. As a result, oil prices began to drift lower. By 0636 GMT, the benchmark Brent crude futures contract had

Gas

Europe’s Energy Deficit Carries On

Since the start of the Ukraine War, energy has been a major concern in the EU. While the sanctions have halted Russia to a degree, a lot of Europe is still dependent on its energy exports. In a recent push, Europe has decided to stop using Russian gas,

oil

Demand Concerns Crushes Oil

Although there was some volatility in oil prices on Friday as investors processed an unexpected increase in U.S. crude stocks, substantial weekly losses were predicted due to worries that demand will be negatively impacted by slowing global economic growth. Brent oil futures on the London market increased 0.4%

Broker News

FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365

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