Red Sea Conflict Causes Shipping Route Disruptions: Impact on Global Trade and Economy

2023-12-20 13:13:52 According to foreign media reports on Wednesday (20th), as the United States considers how to respond to the latest threat to the global economy, more than 100 container ships are sailing long-distance routes around Africa to avoid violent conflicts in the Red Sea, but the move has caused additional transportation Cost and delivery … Read more

Global Oil Market Analysis: Impact of Houthi Attacks, Russian Export Cuts, and Dollar Weakening on WTI and Brent Crude Oil Prices

2023-12-19 22:07:00 West Texas Crude Oil Contract (WTI) for delivery in January. which was traded on the Nymex exchange, added 97 cents, or 1.34%, to close at $73.44/barrel. As for the Brent crude oil contract February delivery rose 1.28 dollars or 1.64% to close at 79.23 dollars/barrel. WTI oil prices were supported by expectations that … Read more

OPEC COP28 Event: Convincing Young People to Support Fossil Fuels

2023-12-10 17:32:37 COP28: Oil producer group OPEC held an event on the sidelines of COP28 negotiations in Dubai on Sunday, aimed at convincing young people to support fossil fuels, the future of which has caused deep divisions among delegates at the summit on climate. Dubbed “Special Day – OPEC and Youth,” the event included a … Read more

Crypto Market News Weekly: Bitcoin Hits $39,000, Binance Changes, and Powell’s Influence

2023-12-01 20:34:28 This week, the bitcoin exchange rate has already reached the level of 39,000 dollars. However, in the last seven days, the market actually calmed down without any major developments. The total value of the market already exceeds 1,500 billion dollars. And most of the gains came from Bitcoin, which tested the $39,000 level … Read more

China National Petroleum Corporation announced that there will be no adjustment in gasoline prices on November 6, and diesel prices will be reduced by 1 cent – Free Finance

2023-11-05 06:05:30 China National Petroleum Corporation announced that there will be no adjustment to gasoline prices starting from 0:00 a.m. on November 6, and diesel prices will be reduced by 0.1 yuan per liter. (File photo) [Financial Channel/Comprehensive Report]China National Petroleum Corporation continues to launch a dual mechanism for stabilizing oil prices. Starting from 0:00 … Read more

The price of Brent rose to $87.12 per barrel… and $84.11 for American crude.

2023-10-13 11:00:00 Marwa Al-Ghoul wrote Friday, October 13, 2023 02:00 PM It rose Oil pricesToday, Friday, a barrel of global crude oil futures was recorded Brent $87.12, and US West Texas Intermediate crude futures recorded $84.11 per barrel. In another regard, Russian President Vladimir Putin said, during a joint statement with Kyrgyz President Sadr Japarov, … Read more

Oil prices recorded $93.27 for Brent crude and $90.03 for American crude

2023-09-23 11:21:00 Written by – Marwa Al-Ghoul Saturday, September 23, 2023 02:21 PM Prices recorded Oil $93.27 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $90.03 per barrel upon settlement on Friday. The Russian government announced the imposition of temporary restrictions on the export of gasoline and diesel fuel … Read more