Connect with us

Commodities

Brent crude oil price today continues to fall in anticipation of the outcome of the OPEC+ meeting

Published

on

brent crude oil price today

Brent crude oil price today began to decline. Futures on Brent crude oil fell to $99.15 per barrel. Investors are awaiting the outcome of the OPEC+ meeting, according to the trading data.

As of 1.45 pm, the price of September futures on Brent crude oil was decreasing by 0.88% to $99.15 per barrel and August futures on WTI oil – by 0.85% to $93.09.

Oil was falling at about the same pace in the morning. On Tuesday investors are awaiting the results of OPEC+ meeting to be summarized on Wednesday. According to media reports, the alliance may discuss either maintaining the current level or slightly increasing output.

In addition, investors continue “digesting” the news about the increase of “black gold” production in Libya. So, Bloomberg News Agency, citing Oil Minister Mohamed Aoun, a day earlier reported that production in the country rose to 1.2 million barrels per day after it has fallen by more than half since mid-April. Thus, oil production in Libya increased to the level of early April.

Commodities

Nasdaq 100 index rises for third straight week 

Published

on

nasdaq chart today

The Nasdaq chart today, which reflects the value of stocks of U.S. technology companies, rose 20% from its June low. Over the past trading week, the Nasdaq showed an increase of 3.2%. Analysts believe that this rally is happening on very shaky ground. 

Some even claim that investors are “stupid”. Much of the growth came on the back of falling oil prices. The drop in Brent to nearly $90 was a signal of declining demand in the economy. 

Shrinking consumption should translate into slower inflation, allowing the Fed to tighten its policy at a slower pace. However, the cooling of oil prices on Friday was offset by strong labor market data. Unemployment in the U.S. fell to 3.5%. Still, the best Nasdaq stocks showed gains. 

Fed officials often refer to a robust labor market in their rhetoric as an indication of a rate hike. Last week’s macroeconomic indicators suggest that the regulator remains free to act. Forecasts do not look rosy either. 

Average earnings estimates for the S&P 500 for 2023 are down 2.7% since the end of the first-quarter earnings season. The reason: lower expectations for growth in securities. Analysts’ estimates set the stage for a longer market recovery cycle. Inflation and the “era of expensive money” continue to hold back production.



Continue Reading

Commodities

4 Dividend Stocks Offering Double-Digit Yields: An Easy Way To Earn Passive Income

Published

on

carbon emissions and climate change

Carbon emissions and climate change are well known, so many global companies are concerned about this factor. Today it is more of a reputation issue. Amazon said that its carbon footprint increased by 18% last year. The reason is the strong expansion of e-commerce in the pandemic era. Amazon promises to reach zero emissions by 2040. 

Today, the company is working to introduce electric cars, which can reduce carbon emissions in the air. There are also several ambitious projects that aim to remove carbon from the atmosphere. But at the same time, such ambitious projects can significantly affect Amazon’s operations. 

Such an investment would force the company to cut costs for business expansion. The world’s largest online retailer emitted 71.54 million metric tons of carbon dioxide equivalent last year. 

The company first released emissions data in 2019. In 3 years, that figure has increased by 40%. However, Amazon’s carbon intensity of operations-the ratio of emissions to gross sales-reduced by 1.9%. This points to more efficient logistics and warehousing operations. 

In its recent report, Amazon points out that the company has to face significant challenges on the road to minimal carbon emissions. There are a number of advanced technologies and developments that make it possible to achieve the desired result. The only problem is that integrating them into a functioning system can be too expensive, even for a giant like Amazon.



Continue Reading

Commodities

Situation in Taiwan leads to detours and delays in global transport

Published

on

China's military exercises near Taiwan

China’s military exercises near Taiwan have pushed the situation in the region to the limit. Therefore, some ships carrying liquefied natural gas are rerouting or reducing speed. China’s announcement of its military exercises is causing disruptions in global supply chains, leading to detours and delays in energy deliveries. 

Gas suppliers are rerouting or reducing the speed of some liquefied natural gas ships bound for North Asia. Shipments to Taiwan and Japan will be affected this weekend, Bloomberg reported. 

Shipping companies are assessing their options after China’s reaction to the visit of the highest-ranking U.S. official to the island in 25 years. The action threatens to disrupt one of the world’s busiest waterways. 

Risks of escalation in one of the planet’s key shipping lanes are skyrocketing because of the sharp escalation of the Taiwan crisis. Taiwan has issued an official warning that ships should seek alternative routes to safely enter and leave key ports. At least until China’s military exercises are over. 

At the same time, ship owners report that the current situation does not prevent tankers from moving through the Taiwan Strait. Consulting agencies also report that the problems for shipping are minor.



Continue Reading

News

is dogecoin a good investment is dogecoin a good investment
Cryptocurrency4 mins ago

Is dogecoin a good investment? Elon Musk: Dogecoin is much faster than the Bitcoin network

Is dogecoin a good investment? The CEO of Tesla again spoke out in support of Dogecoin. He stressed that the...

voyager crypto voyager crypto
Cryptocurrency32 mins ago

Voyager Digital is restructuring and preparing for sale

Cryptocurrency broker Voyager Digital said it is preparing a plan to restructure and resume cash withdrawals from the platform According...

Bitcoin oversold Bitcoin oversold
Cryptocurrency41 mins ago

Mike McGlone: Ethereum and Bitcoin oversold

A senior commodities strategist at Bloomberg Intelligence believes that according to technical analysis of the market, leading cryptocurrencies are selling...

next ethereum fork next ethereum fork
Cryptocurrency48 mins ago

Chainlink protocol developers refused to support next Ethereum fork

Ethereum is preparing to switch to PoS, and the community expects forks of the second cryptocurrency to appear on the...

predictit news predictit news
Cryptocurrency53 mins ago

PredictIt news: CFTC shuts down PredictIt prediction market in US

Important PredictIt news: The U.S. Commodity Futures Trading Commission (CFTC) has issued an order to shut down one of the...

is bitcoin mining profitable is bitcoin mining profitable
Cryptocurrency1 hour ago

Is bitcoin mining profitable today? Bitcoin mining difficulty drops for third month in a row

Is bitcoin mining profitable? The difficulty of mining bitcoin began to drop precipitously as the largest-capitalization cryptocurrency’s price fell below...

wazirx news wazirx news
Cryptocurrency1 hour ago

WazirX news: Indian authorities froze assets of WazirX

WazirX news: India’s economic intelligence agency froze assets of Binance-bought WazirX after allegations of money laundering Indian authorities have seized...

us recession and stock market us recession and stock market
Forex2 days ago

US recession and stock market. Thomas Barkin, Fed: Recession is virtually impossible

The U.S. recession and the stock market are closely linked. The key U.S. stock market indices – Dow Jones, NASDAQ...

usd to euro rate usd to euro rate
Forex2 days ago

Euro rate chart: the euro is not going into a trap

No matter how much FOMC officials try to convince investors of the Fed’s commitment to aggressive tightening of monetary policy,...

european stock market news european stock market news
Forex2 days ago

European stock market news: Europe started to lag behind the rise in U.S. stock prices

Current European stock market news: U.S. stock futures rose slightly Friday, helped by tech stocks as investors prepare for the...

dollar rate exchange dollar rate exchange
Forex2 days ago

Dollar rate today live: What is happening to the dollar today?

As you know, the dollar exchange rate has been lagging lately. We all wish wars would end as quickly as...

u.s. stock market capitalization 2022 u.s. stock market capitalization 2022
Forex2 days ago

U.S. stock market capitalization 2022: Morgan Stanley advises against buying U.S. stocks

U.S. stock market capitalization by 2022 leaves much to be desired. The key U.S. stock market indexes – DOW Jones,...

eur/usd chart eur/usd chart
Forex2 days ago

EUR/USD: European Union’s main currency problems

EUR/USD: The pair stayed in the flat, as investors refrained from making big bets before the U.S. labor market data...

asian stock market charts asian stock market charts
Forex2 days ago

Asian stock market charts: Major Asian indicators are up 0.88%

What’s happening on the Asian stock market charts right now? The major Asian indicators are mostly up 0.88%. Some indicators,...

nonfarm payrolls and recession nonfarm payrolls and recession
Forex2 days ago

Nonfarm Payrolls and Recession: July’s NonFarm Payrolls Surprise – What Next?

As you know, nonfarm payrolls and the recession are always closely related. The U.S. Federal Reserve sees its main goal...

stock market today stock market today
Forex2 days ago

Stock market today: Stock Europe closes the week with a fall

Stock market today: In trading on Friday, key stock indicators in Western Europe are showing a decline amid weak financial...

Best US brokers Best US brokers
Forex2 days ago

Top brokers USA

Due to the strictness of the supervisory agencies to the investment market in the United States, traders who choose a...

nasdaq chart today nasdaq chart today
Commodities2 days ago

Nasdaq 100 index rises for third straight week 

The Nasdaq chart today, which reflects the value of stocks of U.S. technology companies, rose 20% from its June low....

carbon emissions and climate change carbon emissions and climate change
Commodities2 days ago

4 Dividend Stocks Offering Double-Digit Yields: An Easy Way To Earn Passive Income

Carbon emissions and climate change are well known, so many global companies are concerned about this factor. Today it is...

China's military exercises near Taiwan China's military exercises near Taiwan
Commodities2 days ago

Situation in Taiwan leads to detours and delays in global transport

China’s military exercises near Taiwan have pushed the situation in the region to the limit. Therefore, some ships carrying liquefied...

historical price of gasoline in the US historical price of gasoline in the US
Commodities2 days ago

Demand for gasoline in the U.S. has fallen below pandemic levels

According to the U.S. Energy Information Administration, average monthly gasoline consumption has fallen below the 2020 level. The demand surge...

oil prices in asian countries oil prices in asian countries
Commodities2 days ago

Saudi Arabia raises oil prices in Asian countries to record levels

Aramco is raising Arab Light oil prices by 50 cents in September. It is a record increase in oil prices...

current electricity prices UK current electricity prices UK
Commodities2 days ago

Current electricity prices UK: Marginal annual energy costs in the UK jump above £4,000

Current electricity prices in the UK are rising fast. According to Investec Bank Plc, the price ceiling paid by households...

oil prices chart oil prices chart
Commodities2 days ago

Oil prices daily adjusted upward

The price of October futures for Brent at London’s ICE Futures Exchange stood at $95.74 per barrel, up $1.62 (1.72%)...

current gold price current gold price
Commodities2 days ago

Current gold price stabilizes after rally

Current gold prices on Thursday morning grew slightly; with the second day remaining above $1,800 per troy ounce; markets are...

futures wheat price futures wheat price
Commodities2 days ago

Futures wheat prices: wheat rose sharply on the Chicago Exchange

Futures wheat prices as well as soybeans in Chicago rose sharply on Thursday. Wheat quotations recovered from 6-month lows on...

daily crypto news daily crypto news
Cryptocurrency4 days ago

Latest crypto news: What happened on the crypto market as of August 4 morning

Daily crypto news: Starbucks will develop loyalty program with web3 tools, Solana developers found alleged culprit of ecosystem exploit, ZBExchange...

staking cardano ada staking cardano ada
Cryptocurrency4 days ago

Bank Sygnum adds support for staking Cardano (ADA)

Swiss digital bank Sygnum announced that staking Cardano ADA is now available to its users.  Sygnum Bank customers can now...

next ethereum update next ethereum update
Cryptocurrency4 days ago

Next Ethereum update will attract more investment from institutions

Next Ethereum update will be a deciding factor in increasing institutional investment in cryptocurrency A Bloomberg Intelligence report suggests that...

news about coinbase news about coinbase
Cryptocurrency4 days ago

Breaking news about Coinbase: Court finds ex-Coinbase employee accused of insider trading not guilty

Breaking news about Coinbase: A federal court in Manhattan has found not guilty a former employee of Ishan Wahi, whom...

Trending

©2021-2022 Letizo All Rights Reserved