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Tag: oil prices

Risk from Climate Change

Risk from Climate Change The World Bank: 1.2 billion people face life-changing risks through exposure to at least one critical climate hazard, such as heatwaves, flooding, hurricanes, and drought. However, a new report from the World Bank Group outlines how faster development and sustainable economic growth can reduce climate change-related economic and quality of life losses. The report, “Rising to the Challenge: Success Stories and Strategies for...

Gold Trades Cautiously Amid Labor Data and Gaza Talks

Gold Trades Cautiously Amid Labor Data and Gaza Talks Written by Samer Hasn, Senior Market Analyst at XS.com Gold is trading modestly today compared to this week with a downward trend and is settling near $2,727 per ounce. Gold’s moves come after better-than-expected US data eased economic uncertainty, while focus returned to the Gaza ceasefire negotiations, which could help de-escalate regional tensions. Between today and yesterday, we saw unexpected...
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Neom City tenders revitalize construction sector

Neom City tenders revitalize construction sector Saudi Arabia’s masterplan Neom megaproject is steadily progressing from the drawing board. After five years of spending cuts, the growing...

Asian shares step back from two-week highs

Asian shares step back from two-week highs Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks...

Is reduced demand for global oil supply PERMANENT?

Is reduced demand for global oil supply PERMANENT? Some stress had already begun to appear in the global oil markets at the turn of the...

Corona virus trumps Middle East’s impact on oil prices

Corona virus trumps Middle East’s impact on oil prices “The Gulf region, and Dubai in particular, is a major travel and business hub between Asia...