Live: Oil prices jumped at the close of trading on Thursday, with demand expectations rising thanks to strong economic growth in the United States. Brent crude prices rose by 97 cents, or 3.05 percent, which is equivalent to $82.48 per barrel, and US West Texas Intermediate crude oil increased by $3.06, or 2.29 percent, which … Read more
As Libya’s largest oil field recently resumed production, international oil prices fell on Tuesday (23rd), falling from a nearly one-month high at the previous day’s closing price. Traders continued to focus on ongoing tensions in the Middle East and oil production disruptions in the U.S. state of North Dakota due to weather-related issues. energy commodity … Read more
The US Central Intelligence Agency published a video on its social networks entitled “Why I contacted the CIA: for the sake of the Motherland,” in which it once again calls on Russians to cooperate with the agency. The video presents the internal monologue of a fictional 35-year-old employee of the GRU (the main directorate of … Read more
International oil prices rose on Monday (19th), reaching the highest level in about a month, as rising U.S. stocks boosted the outlook for the economy and energy demand, while global supply continued to face risks. energy commodity prices West Texas Intermediate (WTI) crude oil futures for February delivery rose $1.78, or 2.4%, to close at … Read more
Saudi Basic Industries Corporation (SABIC) announced that it intends to build a petrochemical plant in Fujian Province, southeastern China, to strengthen relations between Riyadh and Beijing. The company said in a statement, “The complex is capable of producing 1.8 million metric tons of ethylene annually, and aims to strengthen SABIC’s presence in the petrochemical industry … Read more
Live: Three US Federal Reserve officials said that the data that will be issued in the coming period will guide their decision on when to cut interest rates, explaining that they have not yet seen sufficient evidence to begin monetary easing. According to Bloomberg East Economy, San Francisco Federal Reserve Bank President Mary Daly said … Read more
Jan 20, 2024 at 1:50 PM Update: 30 minutes ago The extreme winter weather in the United States is hitting oil production. According to US oil market sources, heavy snow and freezing temperatures in states such as Texas and North Dakota have already caused production losses of millions of barrels last week. This would amount … Read more
In the United States, 66-year-old Ilya Kan was arrested, accused of exporting “sensitive American technologies” to Russia. About it reported on the US Department of Justice website. The Ministry of Justice reported that Kan is a citizen of the United States, Israel and Russia. According to court documents, Kahn owns US companies Senesys Incorporated and … Read more
Muhammad Shaker – Mubasher: UAE financial market indices declined at the end of the week’s trading, in light of data indicating that the cycle of reducing interest rates may not begin early, and tensions continuing to escalate in the Middle East region. According to data from the UAE financial markets, the Dubai Financial Market recorded … Read more
US commercial inventories US commercial crude inventories fell by 2.5 million barrels last week to their lowest level since October, according to the Energy Information Administration. While oil exports have been strong, imports are continuing to rise as well, as refiners make the most of cheap and abundant Canadian supplies. Among the issues also highlighted … Read more