Oil price exceeds $74 after inventory drop.
by Antonio Di Giacomo, Senior Market Analyst at XS.com
West Texas Intermediate (WTI) crude oil experienced a slight increase following the settlement session on Tuesday, January 7, 2025, driven by data released by the American Petroleum Institute (API). This organization reported a significant decline in U.S. weekly crude oil inventories, far exceeding initial expectations. These figures triggered a positive reaction...
Gold Faces Pressure as Trump Unveils Aggressive Trade Policies
by Samer Hasn, Senior Market Analyst at XS.com
Gold is up slightly today by 0.2%, reclaiming the $2,640 per ounce level after two consecutive days of declines.
Gold has been under severe downward pressure since Donald Trump won a second term in the White House, which has given strength to the US dollar amid anticipation of protectionist trade policies...
Asia to spearhead global refinery coking capacity additions by 2025
Asia is expected to register the highest refinery coking capacity additions globally during 2021 to...
Asia to spearhead global trunk/transmission pipeline length additions by 2025, says GlobalData
Asia is expected to drive the global planned and announced trunk/transmission pipeline length...
COVID-19 will cause North America construction output to fall by $122.4bn in 2020
Amid the rapid decline in demand for new projects and safety regulations...
Posta Plus expands its presence in Oman and launches new services
Renowned Kuwaiti logistics solutions provider Posta Plus has announced the expansion of its...
