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Red Sea shipping risks create disruption; oil security and freight prices at forefront
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Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs. On Monday, the benchmark ...
USD ultimately ended lower on Monday with the US Dollar Index (DXY) first testing the resistance at 102.57 to the upside before reversing course to test the support at 102 to the ...
US crude oil prices were hammered to start the trading week, undermined by news major exporter Saudi Arabia has reduced the price for benchmark Arab Light crude to Asia by $2 a ...
Here’s 2007-08: chart Figure 1: Sahm rule real time (tan), current vintage (blue), in %. NBER recession dates (post-peak to trough) shaded gray. Source: FRED, NBER. And here’s ...
According to preliminary information from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector fell by 0.7% in November 2023 ...
Saudi Arabia's petrochemical producers are staring at a few more quarters of squeezed margins as higher feedstock prices, lower product prices, and a supply glut have combined to ...