News

APICORP allocates $1 billion to support green projects in the Middle East

• 13 September, 2021
• 1:45 pm EEST

The Arab Oil Investments Company (APICORP) announced the allocation of one billion dollars to support green and renewable energy projects and companies, over the next two years, in the Middle East and North Africa. This comes within the framework of…

Continue Reading

After Hurricane Ida, US Gulf producers have restored 50% of their oil output.

• 13 September, 2021
• 11:53 am EEST

Offshore oil companies have reopened nearly half of the oil production that was shut down due to Hurricane Ida, which hit Port Fourchon, Louisiana, two weeks ago. According to the Bureau of Safety and Environmental Enforcement, offshore oil operators have…

Continue Reading

European FX news roundup: Risk rises as the week comes to a close.

• 10 September, 2021
• 3:30 pm EEST

European FX news roundup: Risk rises as the week comes to a close. Forex market headlines from the European trade session on September 10, 2021 The dollar is expected to conclude the week higher, but it doesn't feel that way.…

Continue Reading

Following in Aramco’s footsteps, Kuwait cuts oil prices to Asia in October

• 10 September, 2021
• 2:55 pm EEST

Kuwait reduced the official prices for selling crude oil to Asia for the month of October, by more than the cuts announced by the Saudi Aramco oil company. And a pricing document stated, today, Friday, that Kuwait reduced the official…

Continue Reading

The FTSE and WTI oil are two trades to keep an eye on.

• 10 September, 2021
• 11:26 am EEST

FTSE increases despite a slowdown of UK economic growth in July. The Baker Hughes rig count is a key indicator for WTI oil. The FTSE is rising, but the UK economy is slowing. The FTSE is expected to have a…

Continue Reading