RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report. In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation […]
Oil Updates – prices fall on China demand worries Read More »
Crude-oil futures rose Friday, settling higher for the week, after a strike by Israeli forces a day earlier was said to have killed more than 100 Palestinians waiting for aid in Gaza, raising tensions in the oil-rich Middle East. Traders also waited to hear any news on whether major oil producers will extend voluntary production
Oil prices settle 2% higher, lifted by rising Middle East tensions Read More »
Oil drilling rigs Crude oil prices rose on Friday as investors awaited the OPEC+ decision non supply reduction policies. Reports suggest that the alliance intends to extend voluntary cuts for the second quarter of the year. Additionally, economic activity indicators in China showed mixed signals, reflecting uncertainty about the future demand for oil. Futures for
Oil rises on Friday, WTI heads for weekly gain Read More »
Crude Oil Prices rise On Thursday, oil prices fell as inflation data from the United States indicated a softening of the world’s biggest economy which could weaken crude oil demand. Brent futures went down by 6 cents to $83.62 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 28 cents to $78.26
Oil Prices Fall As US Inflation Prompts Weak Demand Read More »
WTI edges higher on Friday, though the intraday uptick lacks bullish conviction. Mixed demand-supply cues hold back traders from placing fresh directional bets. Acceptance above the 200-day SMA supports prospects for further near-term gains. West Texas Intermediate (WTI) US Crude Oil prices attract some buying near a technically significant 200-day Simple Moving Average (SMA) during
WTI consolidates around $78.00, remains on track to post second straight week of gains Read More »
USD/CAD extends its gains as Crude oil prices encounter challenges. Crude oil prices face challenges on higher API Weekly Crude Oil Stock. US Dollar received upward support on the expectation of the Fed’s delaying rate cuts. US GDP Annualized (Q4) rose by 3.2% against the expected 3.3%. USD/CAD continues its winning streak, marking the fifth
USD/CAD continues its winning streak on lower Crude oil prices, improves to near 1.3580 Read More »
Dr Gabriel Olowo, immediate past President of Aviation Safety Round Table Initiative (ART) An aviation expert, Dr Gabriel Olowo, on Thursday said that airlines had no choice but to sell what they buy, in terms of fuel costs, to stay afloat. Olowo, the immediate past President of Aviation Safety Round Table Initiative (ART) and Chairman
Airlines must adjust to rising Jet A1 cost — Aviation expert Read More »
A ship-based carbon capture (SBCC) prototype developed under the EverLoNG project has been removed from an LNG-powered LNG carrier chartered by TotalEnergies following the end of the first demonstration campaign. The carbon capture unit, built by Carbotreat in the Netherlands, was installed onboard Seapeak Arwa in September 2023 as part of a project led by the Dutch research
EverLoNG wraps up first carbon capture demo onboard LNG carrier Read More »
Sara, Bardhi dhe Rikja në mbrëmje ishin të shtrirë nëpër shtretërit e tyre dhe po bënin muhabet. E pyetur nga Rikja nëse do pranonte të jetonte me vjehrrin dhe vjehrrën, ajo i lutet Zotit që të jetojë me ta sepse deri më tani nuk ka pasur një figurë të qëndrueshme prindërore në shtëpi. Për Sarën
Oil traders have been closely watching developments in the Middle East for any signs of disruption to global supplies, but the major players in the conflict have engaged in “calibrated” moves to avoid making matters worse, according to a recent note research from Macquarie. “No major actor wants the conflict to result in all-out war
Oil traders aren’t panicking over Middle East shipping attacks. Here’s why. Read More »
