Gold leaps on diving greenback
On Thursday, gold managed to grow due to the depreciation of the evergreen buck as well as concerns about talks between the USA and North Korea…
Libya’s crude output might have hit 1mb/d
The major negative story for crude prices for the last time has been suggestions that Libya’s crude output might have surpassed 1 million barrels per day (mb/d). That’s what the research team at Standard Chartered has found out.
Experts are assured that Libya’s sustainable capacity accounts for 1.1mb/d, and it brings this country very close to the maximum especially considering the current state of its industry, following the damage done to crude reservoirs as well as infrastructure for the last six years, along with natural field dips. Obviously, Libya’s return to 1mb/d threatens OPEC’s recent output curbs.
The reason Libya was provided with an exemption from the output drops last November was that the country’s output was supposed to soar, and it was taken into account by the OPEC/non-OPEC ministerial process. The overall pace of Libya’s return to the crude market has turned to be slower than was generally forecast when OPEC had a meeting in November 2016.
Similar
Gold tacks on geopolitical risks
On Wednesday, gold prices rallied…
Gold inches down against the backdrop of soaring futures on the American stock market
On Monday, gold headed south against the backdrop of strengthening futures on the American stock markets as well as a soaring greenback, which led to a decrease in demand for the number one precious commodity…
Popular
Common currency gives up revenues as Macron wins French election
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
