Today, Sunday, the Iranian authorities carried out the first operation to transport oil through a pipeline from Kore-Jask bypassing the Strait of Hormuz. The Jask oil terminal and pipeline project has been built near Jask port in Iran's southern Hormozgan…
Continue ReadingIn Definition of the term, inflation is defined as a rise in the price of goods and services. It occurs when the cost of goods and services rises over time. The spending power or value of money falls when the…
Continue ReadingToday, all eyes will be on New Zealand for the release of Q2 inflation data. The headline CPI increased by 3.3 % year over year and 1.3 % in the first quarter alone. Expectations and market pricing for a Reserve…
Continue ReadingBank of America has allowed trading of bitcoin futures for select clients, according to Coinbase, citing sources. Bitcoin futures are nothing new, and trading bitcoin in the United States is extremely simple. However, BAC has not previously permitted clients to…
Continue ReadingWeekly oil inventories in the United States Prior to that, it was +6866K Gasoline +1039 vs -1786K experience. +3657K for distillates vs. +0.877K for exp Refinery utilization -0.4% vs. +0.5% in the previous year Cushing -1589K Late yesterday, API…
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