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 »
Wheat prices gained pace on Tuesday as the escalating Russia-Ukraine war heightened concerns over global supplies. US futures tied to the grain edged up 2.98% or 33.40 points to $1,152.50 per metric ton. It extended a Monday’s jump of 4.09% to $1,119.25 per metric ton. Last week, wheat prices touched record highs, although they slightly …
Brazil aims to progressively increase its oil and gas output by 3 million barrels per day. However, it won’t be able to do it quickly enough to compensate for a Russian oil embargo, according to Rodolfo Saboia, the country’s top oil regulator. The South American country, which is one of the largest and fastest-growing non-OPEC …
Brazil Unable to Add Oil to The Market Any Faster Read More »
There are numerous factors that have the potential to affect oil prices. Interestingly, oil prices rose on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude gained 42 cents or 0.5% to $91.51 a barrel by 07:45 …
Oil prices suffered losses on Thursday following weak U.S. payrolls data as well as some profit-taking. Still, they remained supported by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude dropped 61 cents or 07% to $88.86 a barrel by 09:15 GMT. On Wednesday, Brent crude gained 31 cents. U.S. West …
Oil prices fell on Tuesday, staying close to a seven-year high hit last week, weighed by expectations of a rise in U.S. inventories, even though the prospect of a limited production hike by OPEC+ countries as well as solid demand growth lent support. The wider rally was expected to persist, nonetheless. The OPEC and its …
Oil Prices Declined On the First Day of February Read More »
There is no lack of factors that have the potential to affect oil prices. Oil prices rose on the last day of the month as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on course for their biggest monthly gain in almost a year. On Monday, Brent crude …
The price of gold or yellow metal, as some people call it, declined on Thursday morning in Asia, extending its losses after falling the most in two months. Investors continue to analyze a more hawkish-than-expected position from the Federal Reserve amid hints of “imminent” interest rate hike. On Wednesday, the central bank indicated it could …
Gold Fell on Thursday But What About Other Precious Metals? Read More »
