In December 2022, the production of crude palm oil in Colombia reached 131,000 tons. According to Fedepalma, the good performance of production during the 12 months of 2022, showed an increase of 1.2% compared to the previous year, reaching a record figure of 1.7 million tons. (Palm oil sales up 36% in the first quarter.) … Read more
US stocks closed higher, recording gains for the second week in a row, on Friday, as shares of JPMorgan Chase and other banks rose after announcing their results for the fourth quarter, at the start of the corporate earnings season. The stocks of financial institutions were among the largest sectors supporting the index. JPMorgan Chase … Read more
Oil prices rose as demand prospects improved in China, the world’s largest oil importer. Oil prices are rising, reaching their highest levels in a week Oil prices rose by a dollar a barrel, today, Friday, heading for its largest weekly gain since last September, with the decline of the dollar, and amid more indications of … Read more
Around 10.30 a.m. GMT (11.30 a.m. in Paris), a barrel of Brent from the North Sea for delivery in March took 0.93% to 84.81 dollars. Its American equivalent, the barrel of West Texas Intermediate (WTI) for February delivery, gained 1.03% to $79.19. For the fifth consecutive day, the oil market took advantage of “the reopening … Read more
Growing confidence in the recovery of the Chinese economy and mounting evidence of a cooling rate United States inflation forward in support to oil prices Raw for the sixth day. West Texas Intermediate crude rose by 1.3%, settling above $78 a barrel, in the longest streak of daily gains since February. The US Consumer Price … Read more
Abu Dhabi – Mubasher: The assets of Islamic banks operating in the UAE rose to 607.8 billion dirhams at the end of last October, according to the latest statistics of the Central Bank. Central Bank statistics showed that the assets of Islamic banks increased during the first ten months of last year by about 17.5 … Read more
The government agreed Egyptian Last December, the finance and oil ministries hedged against the risks of rising oil prices the oil globally, according to two government sources who spoke to Al-Sharq. Egypt’s quest to hedge against the risks of rising oil prices comes after prices experienced severe volatility in 2022, as they rose due to … Read more
Prices on the rise The price increase will provide KEPCO with an additional profit of 7 trillion won in 2023, according to Lee. The government aims to use more cheap energy such as nuclear, after increasing the share of more expensive and volatile sources such as liquefied natural gas over the past five years, exacerbating … Read more
A hydrogen project Australia Investments have been committed, from a wide range of proposed projects with a total value of 266 billion Australian dollars ($178 billion), which shows the scale of the challenge it faces in its quest to become a major exporter of clean fuel. carbonnot yet installed. Meanwhile, investment continues to be pumped … Read more
Russia’s central bank maintained its key interest rate at 7.5% for a second consecutive meeting on Friday, December 16, but indicated that inflation risks are rising. The Bank of Russia has cut interest rates 6 times so far this year and the key rate remained stable at 7.5% in October, after cutting 50 basis points … Read more