Tag: Stocks
The summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the war in Ukraine. Despite the difficulty of achieving this, the Group of Seven countries believes […]
Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research Unit, showed that global energy consumption exceeded 2019 levels by 1.3%. At the same time, […]
On rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in part to a drop in liquefied natural gas exports from the shutdown of Freeport LNG’s […]
Gold prices rose more than 9 dollars, during trading today, Monday, June 27, 2022; News of some Western countries’ plans to formally ban imports of the metal from Russia due to its invasion of Ukraine sparked interest in the precious metal. Four of the wealthy Group of Seven nations moved to ban Russian gold imports […]
Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]
Gold prices marginally increased, during trading today, Friday, June 24, 2022, but it is on its way to achieving the second consecutive weekly decline. This comes with fears that major central banks will implement significant increases in interest rates to contain hyperinflation, which is weighing on the demand for bullion. Gold prices today The price […]
Norway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent’s needs. Europe is the largest consumer of Russian gas, which flows to its countries through a network of pipelines […]
Oil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden’s effort to reduce high fuel costs. The White House is putting pressure on America’s major energy companies; To help alleviate the suffering of drivers during peak summer […]
Gold prices fell, during trading today, Tuesday, June 21, 2022, with the increase in US bond yields. This comes in light of investors’ anticipation of the position of major central banks to raise interest rates to get a clearer view of bullion. Gold Prices Today The price of gold futures contracts – August delivery – […]
The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most seats in the National Assembly but […]
