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
Commodities

Oil prices declined on the first day of November as China’s release

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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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Dollar bills

U.S. CPI Sets a Lower Start for U.S. Dollar

Before the much-awaited U.S. inflation data publication, the dollar dropped in European trade this Tuesday.   The Dollar Index was trading 0.3% down at 107.803 at 03:05 ET (07:05 GMT), extending a decline from the 20-year high of 110.79

Dollar Euro

Euro Recovers Against Dollar

A few weeks back, EUR/USD hit 1.0, and it has been floating around that spot ever since. With a combined growth in the US and a decline in the EU, the two currencies were more or less equalized and

China sees growth in consumer spending

Chinese Economy Booming with $306 Billion Corporate Credit

In its yuan credit market, China has recently raced ahead of the US for corporate bond sales, a remarkable change that emphasizes the growing influence of the two nations’ divergent monetary policies. According to statistics, non-financial companies issued more

oil

How Will Putin’s Supply Halt Threats Impact Europe?

Oil prices increased on Wednesday as a result of Russian threats to break its energy supply agreements. This reversed previous session losses when prices plunged to their lowest levels since Russia invaded Ukraine.   Following a low of $91.20

OPEC+

OPEC+ Meeting Pushes Oil Prices Up

On Monday, oil prices increased by more than $2 a barrel as investors anticipated potential actions by OPEC+ producers to reduce output and boost prices at a meeting later in the day.   After climbing 0.7% on Friday, Brent

Oil Rises On Tight Supply Moves

Oil Rises On Tight Supply Moves

According to the Saudi energy minister, OPEC+ dealt with challenges. It trimmed production, state news agency SPA stated on Monday, noting Abdulaziz bin Salman’s comments in a Bloomberg interview. Brent crude rose by $1.32, or 1.4%. It was $97.80

Oil

Oil Declines Following Disappointing Chinese Data

Brent crude futures dropped $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% weaker on Friday. U.S. WTI crude fell $3.32, or 3.61%, at $88.77, following a 2.4% drop in the prior session. China’s economy

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

oil

How Will Putin’s Supply Halt Threats Impact Europe?

Oil prices increased on Wednesday as a result of Russian threats to break its energy supply agreements. This reversed previous session losses when prices plunged to their lowest levels since Russia invaded Ukraine.   Following a low of $91.20 on February 18th, Brent oil futures were up 85

OPEC+

OPEC+ Meeting Pushes Oil Prices Up

On Monday, oil prices increased by more than $2 a barrel as investors anticipated potential actions by OPEC+ producers to reduce output and boost prices at a meeting later in the day.   After climbing 0.7% on Friday, Brent oil futures increased by $2.43, or 2.6%, to $95.45

Oil Rises On Tight Supply Moves

Oil Rises On Tight Supply Moves

According to the Saudi energy minister, OPEC+ dealt with challenges. It trimmed production, state news agency SPA stated on Monday, noting Abdulaziz bin Salman’s comments in a Bloomberg interview. Brent crude rose by $1.32, or 1.4%. It was $97.80 a barrel by 1110 GMT. U.S. WTI crude climbed

Oil

Oil Declines Following Disappointing Chinese Data

Brent crude futures dropped $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% weaker on Friday. U.S. WTI crude fell $3.32, or 3.61%, at $88.77, following a 2.4% drop in the prior session. China’s economy unexpectedly stalled in July. Meanwhile, according to government data,

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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