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A new project for Aramco in Dammam with investments of one billion dollars To generate electricity and water desalination in cooperation with the Emirati Taqa and Marubeni of Japan

• 21 October, 2021
• 4:02 pm EEST

The Abu Dhabi National Energy Company "TAQA" and "Marubeni Corporation" "Marubeni" announced today, Thursday, the launch of a partnership to develop a new joint production project for electricity generation and water desalination in Saudi Arabia, in cooperation with Aramco. Sources…

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Oil prices rise as the energy crisis worsens in major economies.. Brent crude is above $84

• 11 October, 2021
• 3:04 pm EEST

Oil prices rose in trading today, Monday, at the beginning of the week’s trading, to continue reaping gains, in conjunction with the increase in demand for crude, and the energy crisis that hits a number of major economies. The rise…

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Oil prices are rising.. Brent crude is near $ 83

• 08 October, 2021
• 2:34 pm EEST

Oil prices rose, during morning trading, today, Friday, and are heading to achieve weekly gains of nearly 5%, with the increasing shift away from gas in light of the increase in its prices. And oil prices rose by more than…

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The dollar and equities have gotten a relief, while oil has surged.

• 05 October, 2021
• 3:14 pm EEST

Markets: NZD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 1.7 bps to 1.498% Gold down 0.8% to $1,756.43 WTI up 1.0% to $78.40 Bitcoin up 2.0% to $49,950 European…

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Is the Fed’s QE still working?

• 01 October, 2021
• 1:34 pm EEST

While the Fed reaffirms its commitment to full employment, some economists wonder how effective its bond purchase programme and low yields are in boosting the real economy right now. “At the beginning of the pandemic crisis, quantitative easing (QE) had…

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