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Oil Prices Continue to Decline Amid Increasing Signs of Supply Abundance
SadaNews - Oil prices continued their decline following a sharp drop witnessed on Wednesday, amid a series of indicators showing an abundance in supplies.
Brent crude, the global benchmark, fell to around $62 a barrel after losing nearly 4% in the previous session, while West Texas Intermediate hov...
أسعار اذهب تُسَجل قرب 4200 دولار للأونصة
China Bets on the Yuan to Break the Dominance of the US Dollar
SadaNews Economy - The People's Bank of China has pledged to encourage external entities to finance in yuan, taking advantage of lower borrowing costs and increased foreign demand for the currency to expand its internationalization. SadaNews
China will support the use of yuan-denominated financial...
Beijing Accuses the United States of Orchestrating the Theft of $13 Billion in Bitcoin
SadaNews - The Chinese cybersecurity agency has accused the U.S. government of orchestrating the theft of Bitcoin worth nearly $13 billion in the latest attempt by China to attribute major cyberattacks to the United States.
The theft of 127,272 Bitcoin from the mining pool "LuBian" in December 2020...
International Energy Agency Revises Previous Oil Demand Peak Forecasts, Aligns Closer to O...
SadaNews - The International Energy Agency has revised its outlook regarding the approaching peak of oil demand, reintroducing a scenario that shows continued global consumption growth until the middle of the century.
Although all three scenarios that the agency focused on last year indicated stabl...
Gold Prices Reach Nearly $4100 per Ounce
SadaNews - Gold has risen slightly, continuing its gains for the fourth consecutive day, as traders evaluate weak job data and the upcoming reopening of the U.S. government.
The precious metal climbed to about $4100 per ounce, after data from "ADP Research" showed that U.S. companies lost an averag...
Natural Gas Liquids Stockpile Disruption Upsets Oil Market Balance
SadaNews - Increasing U.S. inventories of natural gas liquids are complicating the global oil surplus landscape, as these inventories reached 309 million barrels, the highest level recorded for this time of year, according to data from the U.S. Energy Information Administration.
This sharp increase...
Egypt aims to increase its oil production by 11.5% during the upcoming fiscal year
SadaNews - Egypt plans to increase its crude oil production by approximately 11.5% by the next fiscal year 2026-2027, ending in June 2027, reaching 580,000 barrels per day, up from the current 520,000 barrels, according to a government official.
Egypt aims to reach a crude oil production of 550,000...
Rising Prices of Aluminum, Copper, and Most Industrial Metals Amid Optimism for Ending Gov...
SadaNews - Prices of aluminum, along with copper and most other industrial metals, have risen as hopes increase for an end to the ongoing U.S. government shutdown that has persisted for weeks.
A group of moderate Democratic senators has backed an agreement to reopen the government, according to sou...
Gold prices rise again as U.S. consumer confidence index drops
SadaNews - Gold rose for the second consecutive day as the market evaluated the performance decline of the U.S. economy, which enhances the likelihood of an interest rate cut next month, in contrast to news about progress towards ending the government shutdown.
Prices of bullion jumped by up to 2%,...
Asian Stocks Rise Amid Hopes for a Deal to End the U.S. Government Shutdown
SadaNews - Asian stocks rose while bonds and the yen fell, as risk appetite improved amid hopes for an agreement to end the longest government shutdown in U.S. history, following a volatile week in which investors faced fears about high valuations of artificial intelligence companies.
Futures for t...
