Oil fell earlier in the week after China set a modest increase target for this year and avoided any major stimulus. At the same time, there were concerns about further monetary tightening by the Federal Reserve. West Texas Intermediate saw a decrease to $79 a barrel after witnessing a 5% increase in closing last week. …
Equiti Group has announced the launch of its new office in Abu Dhabi to propel its presence in the United Arab Emirates. Equiti’s subsidiary manages the newest venture, regulated and licensed by the Securities and Commodities Authority since April of last year. Iskandar Najjar, Co-Founder and Group CEO of Equiti Group, stated that expanding to …
Equiti Opens Abu Dhabi Office 1 Year After SCA License. Read More »
HSBC Holdings PLC declared a significant increase in profit in the fourth quarter. This is due to growing interest rates and the banking giant’s emphasis on Asia and the Middle East. Exceeding financial analysts’ expectations, the British bank reported that its profit more than doubled in the last three months of 2022 compared to 2021, …
HSBC Grew Wary as the Bank Broke Earnings Expectations Read More »
After Russia’s horrid invasion of Ukraine, Europe is in need of a new supplier of gas. Of course, the Middle East isn’t planning to waste this opportunity. The Abu Dhabi National Oil Company (Adnoc) aims to raise $2B by selling a 4% stake in its natural gas business in an initial public offering. Adnoc Gas …
he International Energy Agency said the bans and price caps on Russian oil are having an “intended effect” despite surprising production and exports in recent months. The EU embargo on Russian oil went into effect on February 5, based on the $60 oil price ceiling that the G-7 implemented on December 5. In particular, India, …
Western sanctions against Russia have broadly reduced state oil revenues and diverted tens of billions of dollars to shipping and refining companies, some of which have Russian ties. Most of the winners from the sanctions were created in China, India, Greece, and the United Arab Emirates. Neither firm violates sanctions, but they have taken advantage of measures …
Oil prices declined on Monday. Reversing earlier gains, as expectations for increased Chinese demand and rising Middle East tensions over an Iranian drone attack were partially offset by impending interest rate increases by major central banks and indications of robust Russian exports. Brent crude oil was down 29 cents, or 0.3%, to $86.37 per barrel, …
Alexander Novak told the official news agency TASS that Moscow is prepared to restart gas shipments to Europe through the Yamal-Europe Pipeline. When Poland decided to use the gas already in Germany rather than purchase it from Russia in December 2021, the Yamal-Europe Pipeline’s normal westward flow mostly reversed. Warsaw terminated its agreement with Russia …
Russia Is Prepared to Restart Gas Supplies to Europe Read More »
Oil prices rose after OPEC, and the International Energy Agency both forecasted a rebound in demand over the next year. US rate hikes should slow in tandem with slowing inflation. Brent crude futures were up 77 cents, or 0.911 percent, to $81.44 per barrel, while WTI crude futures in the United States were up 80 …
On Monday, maize and wheat futures in Chicago increased by more than 2% as worries about world supply were stoked by Russia’s decision to leave a Black Sea export pact. After peaking at $8.93 earlier in the day, the most active wheat contract on the Chicago Board of Trade (CBOT) was up 5.7% at $8.77-3/4 …
Global markets and trends change every day. Several big influencers cause price movements every second. How are you doing this week in Forex, Stocks, Cryptocurrencies, and Commodities? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex Weekly Overview The dollar edged lower in early European trade on Friday. Still, …
Weekly Overview: Forex, Stocks, Crypto, Commodities May 13 Read More »
Crypto detains lawmakers on both sides of the Atlantic. They need to work together – and in this regard, with other legislators worldwide. A more boundless approach is required for technology that pays less attention to boundaries. In March, U.S. Senators Kirsten Gillibrand and Cynthia Lummis announced their co-sponsorship of comprehensive crypto legislation. Pat Toomey submitted a …
Why the Europe and US Can’t Control Crypto Alone? Read More »
On Monday, oil prices skidded as investors tracked a worsening Covid-19 outbreak in China. Brent Crude futures declined 0.39% or 0.32 points to $104.05 per barrel. The international benchmark extended a drop of 0.85% to $103.50 per barrel yesterday. Likewise, US West Texas Intermediate lost 0.60% or 0.57 points to $98.70 per barrel. It followed …
Oil extends retreat as China’s Covid crisis grows Read More »
European countries currently grapple with the risk of a diesel shortfall as deeper sanctions on Russia could disrupt imports. The heavy industry significantly relied on this liquid fuel for its main processes. This includes transportation, farming, fishing, power, and heating sectors. However, the surging value of diesel further pushes up fuel and transportation costs. Correspondingly, …
Diesel shortage signals slow economic growth in Europe Read More »
On Wednesday, sunflower oil prices significantly jumped after Russia’s invasion of Ukraine halted worldwide supply. Accordingly, contracts tied to the Black Sea commodity surged 9.56% or 140.00 points to $1604.00 per metric ton. The previous week settled around $1,950.50 per metric ton, the highest level since 2018. In line with this, the price of edible …
Sunflower oil jumps on shortages due to Ukraine war Read More »
