LAST UPDATE 20:18 Oil prices are rising sharply, despite the unexpected rise in US oil reserves last week, largely due to a record decline in the country’s strategic reserves. In particular, according to the US authority, the EIA, in the week ended June 3, the country’s oil reserves increased by 2 million barrels to 416.8 […]
Tag: Goods
Russia: Record oil exports to Asia following European sanctions
Russia is stepping up oil exports from its main eastern port to meet growing demand from Asian buyers and offset the impact of European Union sanctions, three knowledgeable sources told Reuters. Moscow has said it intends to reroute its energy exports from the West to Asia, which are expensive through major shipping routes but also […]
Goldman Sachs sees oil at $ 140 next quarter
Oil prices are expected to extend their profits as global crude stockpiles will have to be redistributed amid a recovery in demand in China and a decline in Russian production, according to Goldman Sachs, which revised upwards its estimates for argon. In particular, according to a newer analysis of the bank, prices should first move […]
Slight rise today for gold as the dollar falls
The price of gold moved higher for the second day, albeit with small gains, as the precious metal benefited from the decline in the value of the dollar. In particular, the June contract of gold completed the transactions having added about 0.3% to its value, with its price at $ 1,818.9 an ounce. According to […]
9% increase for gas – Mild increase and oil
LAST UPDATE: 18.55 European gas prices are rallying today as disruptions to a key transit route through Ukraine and Moscow’s move to cut off gas supplies to a German plant seized by Gazprom in retaliation for Western sanctions over war in Ukraine are raising prices, according to Bloomberg. The Dutch benchmark contract rose as much […]
Oil started the week with a 6% dip
Oil prices closed the first trading session of the week with significant losses after last year’s rally, as worries about demand from the world’s largest importer China and the jump in the dollar brought sellers back to the forefront. In particular, Brent’s July contract ended with losses 5.74% or $ 6.45 with its price falling […]
Jump for oil as Germany prepares for embargo
With strong gains that restored prices above $ 105, oil completed today’s trading, after the publication that stated that Germany no longer opposes the imposition of a European embargo on Russian crude. In particular, Brent’s June contract expired on $ 107.59 the barrel with rally 2.16% the $ 2.27while at the low of the day […]
World Bank: Shock from food and fuel increases will last at least three years
The shock of rising world food and fuel prices linked to the Russia-Ukraine war is expected to last until at least the end of 2024 and increase the risk of stagnant inflation, the World Bank said in its latest outlook report. Commodities Market Outlook. In its first comprehensive analysis of the impact of war on […]
Global industrial demand for silver is at an all-time high
Global industrial demand for silver reached the highest level ever recorded in 2021 and is likely to reach another record high this year, according to a report by The Silver Institute published Wednesday. In particular, the use of silver in industry increased by 9% to the historical record of 508.2 million ounces in 2021, receiving […]
Gas: The price in Europe is at its lowest level since the start of the war
Gas in Europe extended to Tuesday lower than the start of Russian military operations against Ukraine on February 24 amid rising temperatures and the Kremlin’s announcement that the ruble payment for Russian exports is expected only in May. The Dutch gas contract, a benchmark for Europe, fell as much as 12% to 84 euros per […]
