Doha – Mubasher: The Qatar Stock Exchange rose at the close of trading on Sunday, supported by the growth of 5 sectors. The general index rose by 1.11% to reach 10,399.77 points, gaining 114.47 points from last Thursday’s level. Trading grew today, as liquidity rose to 434.96 million riyals, compared to 434.12 million riyals the … Read more
Jakarta, CNBC Indonesia – World crude oil prices closed lower or fell in trading last Friday because tensions in the Red Sea offset the possibility of an increase in Angola’s production in the future. In trading Friday (22/12/2023), the price of WTI crude oil closed down 0.45% at US$73.56 per barrel, likewise the price of … Read more
Congo confirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), days after its neighbor Angola decided to withdraw from the organization. Bruno Jean-Richard Etoua, the Congolese Minister of Oil, said in a post on the LinkedIn platform: “The Republic of the Congo confirms its firm commitment to the strategic policies established by … Read more
The decline in prices witnessed in the Friday session, ahead of the weekend and Christmas, came amid expectations that Angola would increase its production after its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), but prices rose during the week supported by positive news about the American economy and fears that attacks would … Read more
The price of Brent crude fell below $79 a barrel after Angola, one of the world’s largest oil producers, announced it was leaving the Organization of Petroleum Exporting Countries (OPEC). This is evidenced by data from the London ICE exchange, Tengrinews.kz reports with reference to Lenta.Ru. At the lowest point, quotes dropped to $78.7. At … Read more
Amid disagreements over oil production quotas… Angola decides to withdraw from OPEC Announcement Angola announced Thursday that it had decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) amid disagreements over production quotas, considering that the time had come to “focus more” on its own goals, the Minister of Natural Resources announced … Read more
Muhammad Shaker – Mubasher: The performance of UAE financial market indices varied at the close of trading on Thursday, with the Dubai Financial Market declining, while the Abu Dhabi Securities Market rose, amid expectations of a reduction in US interest rates in 2024. According to data from the UAE financial markets, the Dubai Financial Market … Read more
International oil prices rose for the third consecutive day on Wednesday (20th), boosted by tensions in the Red Sea that disrupted global trade. Meanwhile, U.S. official data showed that domestic supplies of crude oil and petroleum products increased last week. energy commodity prices 2 West Texas Intermediate (WTI) crude futures for delivery rose 28 cents, … Read more
Five Sovcomflot tankers loaded with Sokol oil from Sakhalin are stuck off the coast of India. Russia began to experience problems exporting its oil to India after the United States intensified its sanctions policy against Moscow. According to Bloomberg, five tankers of the Russian shipping company Sovcomflot, loaded with Sakhalin oil Sokol, have stopped off … Read more
International oil prices rose for the second consecutive day on Tuesday (19th), closing at a more than two-week high, as recent attacks on ships in the Red Sea triggered market concerns about supply disruptions. energy commodity prices West Texas Intermediate (WTI) crude futures for January delivery rose 97 cents, or 1.3%, to settle at $73.44 … Read more