According to the latest data on the OilPrice.com website, Brent oil is currently trading at $83.10. The value of WTI oil is $76.34 per barrel.
The focus of traders at the beginning of the week is still US monetary policy, the Mina agency reports.
After data on personal consumption expenditures in January, markets fear that the central bank will be forced to raise interest rates longer than expected to curb inflation.
Thus, the index of expenditures for personal consumption in the United States of America increased by 0.6 percent in January, three times more than in December, which hints at the strengthening of price pressures.
Gazprom CEO Alexey Miller and Iran’s Ambassador to Russia Kazim Jalali discussed issues of energy cooperation.
On July 19, 2022, Gazprom and the National Iranian Oil Company signed a memorandum on strategic cooperation. This contract refers to various aspects, such as the development of Iranian gas and oil fields, trading of natural gas and oil derivatives, implementation of large and small projects concerning liquefied petroleum gas, construction of gas pipelines and engaging in scientific and technological cooperation.
Ahmen Asadzadeh, Iran‘s Deputy Oil Minister, declared that Russia had started to work on six oil and two gas fields in the country, remarking that Gazprom gave a “favorable“ possibility of sending through Iran gas to neighboring countries, including Pakistan and those in the Persian Gulf.
Key Points: AUD/JPY broke below a rising wedge, signalling possible bearish momentum, with immediate resistance at 103.00 and support at…
Key Points EUR/JPY Rises to 168.25: Strengthened by robust Eurozone economy and steady ECB policy. Eurozone GDP Grew by 0.3%…
Key Points: Nio's shares hit 44.20 HKD, up 20%, with electric vehicle deliveries up 134.6% year-on-year to 15,620. BYD leads…
Key Points: Ethereum fell sharply from $3,355 to a low of $2,813, reflecting high volatility and sensitivity to market dynamics.…
Key Points Nikkei 225 slightly fell by 0.1%, while the Hang Seng index surged by 2.4%. USD/JPY increased slightly, highlighting…
Key Points: Gold prices rose on MCX India to ₹71,278/10 gm and COMEX US to $2,328/oz. The US Dollar Index…
This website uses cookies.