Tag: News
Indian crude processing increases in April as low-cost Russian oil boosts returns. According to government data released on Tuesday, Indian refiners’ April crude oil throughput was 8.5 % higher year on year, as refiners ramped up runs to take advantage of high returns from discounted Russian oil purchases. According to the data, crude oil throughput […]
Many countries, led by Turkey, are seeking to secure their natural gas needs by concluding agreements and contracts with producing countries, after gas prices in the spot market witnessed record increases during the recent period. In this context, the Turkish Minister of Energy and Natural Resources, Fatih Donmez, announced the conclusion of a deal with […]
Gold prices rose in trading on Monday to its highest level in more than a week, supported by the weakness of the dollar. The rise in gold prices came despite higher US Treasury yields, which limited gains in dollar-denominated bullion. Gold prices today The price of gold futures contracts – for delivery next August – […]
Oil prices rose about 1% during trading on Monday, with the increase in demand in the United States for fuel and the scarcity of supply. This comes as Shanghai, the economic capital of China, is happy to reopen its doors after a two-month closure; This has raised concerns about a sharp slowdown in growth. This […]
Gold prices rose during trading on Friday, with the metal heading towards recording its first weekly gain in 5 weeks. The precious metal benefited from the US dollar’s retreat from the threshold of its highest levels in two decades, in addition to the exacerbation of concern about the growth of the US economy. And gold […]
The 10-year yield in the United States has fallen to a three-week low as weak data fans growth fears. US Treasury yields fell on Thursday, with those on benchmark 10-year notes falling to three-week lows, as continued softness in US economic data fueled growth concerns despite the Federal Reserve’s aggressive path of monetary tightening. Yields […]
The production of jet fuel in China witnessed a sharp decline, during the month of April, as part of the price the country is paying in its fierce war against the Corona virus, which was born globally for the first time from the womb of the Chinese city of Wuhan in March of the year […]
Oil prices rose today, Wednesday, May 18, on expectations that the easing of restrictions imposed to combat the Corona virus in China will lead to a rise in demand, as industry data showed a decrease in US crude stocks. And the authorities in China allowed about 864 financial institutions in Shanghai to resume work, one […]
Fed Bullard predicts that US growth will remain above trend due to strong consumption. The U.S. economy is likely to continue growing at an above-trend pace for at least the next 18 months, and households are likely to continue spending as the influence of the pandemic fades, St. Louis Fed president James Bullard said on […]
Gold prices rose, today, Tuesday, May 17, with the dollar’s decline, after previous pressures that led to the decline of the yellow metal with the recovery of US Treasury bond yields. The dollar is struggling to make gains after falling from nearly 20-year highs, while a weakening Chinese yuan found a floor as investors scaled […]
