Media In-Agencies 18-12-2018 Brent crude prices fell more than a dollar, retreating for a third consecutive session as concern over oversupply is sparked by reports of rising stockpiles and expectations of record oil production in the United States. Traders say prices are under pressure over concerns about future oil demand …
Read More »Export growth among the Andean Community is more than 25 percent
Media In – Agencies 18-12-2018 The value of exports among Andean countries reached 5.95 billion dollars during the first eight months of this year, registering a rise of 25.7 percent compared to the same period of 2017. The Andean Community, which seeks to achieve integrated and balanced development among its …
Read More »The train connecting the continent of Africa is nearby
Media IN Agency 16-12-2018 Russia is likely to participate in the construction of a railway linking the African continent, according to the minutes of the meeting of the joint government committee between Russia and Sudan. According to the agency, the pipeline will extend from Dakar to Port Sudan and Cape …
Read More »US stocks close higher
12-13-2018 Media In – Agencies US stocks closed higher today. The Dow Jones industrial average <.DJI> was up 157.03 points, or 0.64 percent, to 24527.27. The benchmark S & P 500 index gained 14.29 points, or 0.54 percent, to 2,551.07. The Nasdaq Composite Index gained 66.48 points, or 0.95 percent, …
Read More »Oil prices are rising with signs of easing US-China trade tensions
Media In\Agencies 13-12-2018 Oil prices rose today, supported by a drop in US crude inventories and signs of a US-China trade war. Brent crude futures were $ 60.36 a barrel, up 21 cents, or 0.4 percent, from the previous close. West Texas Intermediate crude futures were $ 51.25 a barrel, …
Read More »OFID “contributes to bridging the gap between fuel consumption and domestic production in Egypt
Media In – Vienna – 10 December 2018 / WAM / The OPEC Fund for International Development (OFID) has agreed to provide $ 50 million in financial support to Egypt to help the government cover its crude oil needs and purchase various petroleum products and liquefied natural gas. IFID contributes …
Read More »CBB Launches Interbank Purchase Repurchase Tool
MediaIn \ Agencies 10-12-2018 The Central Bank of Bahrain (CBB) said on Sunday it had launched a repurchase tool to help local banks manage their liquidity. The CBB said in a statement that the inter-bank repurchase instrument covers traditional government securities denominated in Bahraini dinar. He added that the move …
Read More »Gold settles near its peak in 5 months
Media In 10-12-2018 Gold prices have stabilized after touching a new five-month high early in the session as the dollar weakened after weak US jobs data boosted speculation that the Federal Reserve may stop raising interest rates sooner than expected. . The spot price of gold stood at $ 1247.99 …
Read More »ADNOC announces the launch of a system that uses the Block Qin to produce oil and gas
Media In Abu Dhabi, 9 December 2018, Abu Dhabi National Oil Company (ADNOC) has announced its partnership with IBM in a pilot project for an automated system that uses Block Qin technology to integrate the day-to-day operations of ADNOC’s oil and gas production group. This leading system provides a secure …
Read More »Oil prices fall after OPEC deal
Media In / Agencies 08-12-2018 Oil prices closed higher than 2 percent on Friday after OPEC members and OPEC allies, led by Russia, agreed to cut output to absorb an abundance of global fuel stocks and support the market, but gains constrained fears cuts would not be enough to curb …
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