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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...
محافظ مصرف سوريا المركزي: هناك رغبة أمريكية كبيرة بالاستثمار في سوريا
Gold Surges to $4,053 an Ounce Amid Disappointing Data
SadaNews Economy - Gold prices recorded a significant increase during trading on Monday, with the ounce rising by 1.3% or $52, trading above the $4,053 level, driven by disappointing U.S. economic data.
Data from the end of last week showed a decline in U.S. consumer confidence to its lowest levels...
For the First Time in Egypt's History.. Foreign Currency Reserves Exceed 50 Billion Dollar...
SadaNews - The Central Bank of Egypt announced today, Sunday, November 9, 2025, that the net foreign currency reserves have reached the highest value in Egypt's history.
Net Foreign Currency Reserves in October 2025
The Central Bank of Egypt indicated that the net foreign currency reserves reached...
Saudi Drilling Companies Expand in Gas and Abroad After Oil Expansion Freeze
SadaNews - After nearly two years of slowed activity following Saudi Aramco's abandonment of plans to raise its production capacity from 12 to 13 million barrels per day, the Saudi drilling sector is beginning to outline a new phase of growth driven by external expansion, improved operational effici...
Consumer Prices in China Rise in October Due to Holidays
SadaNews - Consumer prices in China unexpectedly rose in October, supported by the holidays during the month which boosted demand for travel, food, and transportation.
The consumer price index increased by 0.2% last month compared to the same period a year earlier, after a decrease of 0.3% in Septe...