Noha Makram – Live – Gold prices stabilized on Tuesday near their highest levels in three months with weak US manufacturing sector data and construction spending as investors awaited testimony by Federal Reserve Chairman Jerome Powell to Congress on key jobs data. The spot price of gold settled at $2,114.99 per ounce, approaching its highest … Read more
Russia announced today that it will voluntarily cut its oil production by 471,000 barrels per day at the end of the second quarter of this year, a decision it made “in coordination” with its other countries. OPEC to support world prices. Russia will implement an “additional” voluntary production cut of 350,000 barrels per day in … Read more
The Organization of Arab Petroleum Exporting Countries, OAPEC, published weekly developments in global oil markets, as crude oil prices achieved weekly gains in futures markets, amounting to about 2.4% for Brent crude and 4.5% for US West Texas Intermediate crude. The report stated that the main factors that contributed to the rise in oil prices … Read more
Mar 03, 2024 at 6:45 PM Update: 22 minutes ago The member states of the OPEC oil cartel extend the oil production cut until the end of June. Several oil-producing countries will announce this extension on Sunday. Russia, which is not a member of OPEC, also agrees. Saudi Arabia, the OPEC member that produces the … Read more
Oil prices headed toward weekly gains, as market indicators continued to show signs of strength, while OPEC+ is expected to decide early this month whether to extend production cuts into the next quarter. Brent crude futures rose above $82 a barrel, up 0.8% during the week. West Texas Intermediate crude rose to about $79. The … Read more
Kazakhstan will have more oil tankers. Also, a completely new production facility may appear in the country. Such plans were voiced by the head of KazMunayGas Magzum Mirzagaliev, reports LS. He recalled that last year, a joint venture with Abu Dhabi Ports Group (UAE) and Kazmotransflot (Kazakhstan) acquired two tankers Taraz and Liwa, which transport … Read more
Money Today Reporter Ko Seok-yong | 2024.02.29 07:00 [스타트UP스토리]Minseong Hwang, CEO of First Lab First Lab CEO Hwang Bo-min-seong / Photo = Reporter Ko Seok-yong “Usually surfactants are used when mixing substances that do not mix well. However, surfactants can have negative effects on the human body or the environment. First Lab mixes substances without … Read more
Cairo – Mubasher: The Board of Directors of Talaat Mostafa Group Holding Company proposed cash distributions to shareholders for last year’s profits. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the proposal includes distributing a cash coupon of 0.218 pounds per share, to be distributed in two installments, the … Read more
Direct: Contract prices rose, in Tuesday’s trading settlement, following reports indicating that the OPEC+ alliance is considering extending the agreement to voluntarily reduce oil production in the second quarter, in addition to Russia’s ban on gasoline exports for 6 months, starting from the first of March. Brent crude futures for May delivery – the most … Read more
Oil prices fell in Asian trading, as investors weighed signs of weak supplies against persistent concerns about strong demand. Brent crude fell towards $83 per barrel after rising 1.6% during the previous two sessions, with prices reaching the upper end of the narrow price range. WTI crude oil was trading near $78. Oil futures spreads … Read more