global-economy
Top StoriesEconomic Headwinds Set to Push Oil Below $100 in 2023: Reuters Poll
Top StoriesOil up on Lower U.S. Crude Stocks and Dollar, Opec+ and China Concerns Limit Gains
Top StoriesOpec+ Meeting to Take Into Account Market Conditions – Iraqi Official
InvestingOil Heads for Second Weekly Decline as Demand Concerns Weigh
Best Countries for Your International Expansion in 2023
Date: November 14, 2022
By Jamie Haerewa, Co-founder and Managing Director at Agile HRO, As a business owner, you’re always looking ahead and searching for new opportunities to grow your company. One increasingly popular option is expanding your business internationally. With an influx of benefits like new markets to explore, access to a global talent pool and lower production...
Oil Falls on China Covid Surge and Firmer Dollar
Date: November 14, 2022
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer. Brent crude futures were down 91 cents, or 1%, at $95.08 a barrel by 1301 GMT after...
Oil Climbs by $4 as Further Interest Rate Hikes Loom
Date: November 4, 2022
By Laura Sanicola (Reuters) -Oil prices rose by more than $4 on Friday before paring some gains amid uncertainty around future interest rate hikes by the U.S. Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported markets. Though fears of global recession capped gains,...
Oil Falls as Fed Rate Hike Raises Fuel Demand Concerns
Date: November 3, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil slipped on Thursday as an increase to U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand, though losses were capped by concern over tight supply. Brent crude dropped by $1.39, or 1.5%, to $94.77 a barrel by 1358 GMT...
Oil Prices Rise as Weaker Dollar Offsets China COVID-19 Concerns
Date: November 1, 2022
By Isabel Kua SINGAPORE (Reuters) – Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8%, to $93.54 a...
Oil Falls on China Covid Curbs and Weak Factory Data
Date: October 31, 2022
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped 69 cents, or 0.7%, to $95.08 a barrel by 1240 GMT, extending Friday’s 1.2% decline. U.S. West Texas Intermediate...