The price of oil is steadily advancing towards $100 a barrel, a mark it hasn’t hit in nearly a year, presenting fresh inflationary challenges for monetary authorities.
Oil prices steadily advance toward $100 per barrel.
The FTSE 100 is poised to benefit today due to another uptick in oil prices, which are inching closer to the $100/barrel mark.
Oil prices break $92 for first time in 10 months on tight supplies and upbeat OPEC
Brent crude has surpassed $92 a barrel for the first time this year, influenced by supply reductions from Saudi Arabia and Russia.
UK tops G7 debt interest table for first time on record
The United Kingdom is predicted to incur the greatest debt interest payments among developed nations this year, as escalating prices drive up the cost of its inflation-pegged debt.
UK economy ‘nearing stagnation’ as effects of interest rate increases take hold
The growth rate of the UK’s private sector has reached its lowest level in six months, a key survey suggests, pointing to the impact of escalating interest rates.
Saudi Arabia aims to reducing its production output.
Saudi Arabia has declared its decision to decrease oil production by 1 million barrels per day in an effort to boost the dwindling oil prices. This announcement came following a
Latest Update on OPEC+: Meeting Kickoff Postponed as Discussions on Agreement Persist
Principal OPEC+ nations have conveyed assurance in achieving a production accord on Sunday, notwithstanding an eleventh-hour dispute with African members which risked the assembly’s progress.
The decline in oil prices continues in anticipation of the crucial Opec+ gathering.
Oil prices continued to face a downward trend on Wednesday, influenced by global economic instability concerns and preceding a significant meeting scheduled for Sunday, with contradictory indications about production from
The IMF had to revise its prediction of a recession in the UK
The International Monetary Fund (IMF) has revised its previous assertion of a potential recession in the UK this year, raising the country’s growth forecasts for the second consecutive month.
JPMorgan is gathering deposits as its clients transfer funds to the biggest bank in the US
In Q1, JPMorgan Chase & Co (JPM.N) recorded a substantial increase in deposits, attributed to customers shifting their funds to bigger banks following the sudden failure of two regional U.S.
The International Monetary Fund (IMF) has issued a warning that a banking crisis labeled as ‘severe’
According to the latest World Economic Outlook from the International Monetary Fund (IMF), the global economy is now in a precarious position, with the threat of a worldwide recession increasing.