Browsing: markets

BENGALURU: Global road oil demand will rise 5 percent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040, according to Reuters.

NEW YORK: Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia’s energy infrastructure and a falling US rig count tightening crude supplies, according to Reuters. 

NEW YORK – The dollar gained on the euro on Thursday before key U.S. inflation data due on Friday and as investors squared positions for month- and quarter-end.

The price of cocoa beans surged to an all-time high on Tuesday, amid supply constraints in West Africa, which produces about 70% of the crop globally.

MOSCOW, March 22. /TASS/. The X5 Group, which manages Pyaterochka, Perekrestok, and Chizhik retail chains, increased its net profit under IFRS in 2023 by 72.8% year-on-year to 90.284 bln rubles ($985.24 mln) under IFRS 17 standards, the company said on Friday.

LONDON: Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction.

RIYADH: Local markets and online shopping will experience a surge during Ramadan activities thanks to an influx of consumers adapting their shopping habits during the holy period. 

RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed.

RIYADH: Kuwait’s trade surplus with Japan surged 53.4 percent year-on-year in February to $652 million, driven by energy products, as exports outpaced imports significantly.  

RIYADH: The share price of Saudi Research and Media Group surged by 9.96 percent on Sunday, reaching a historic high of SR335.60 ($89.48) since its debut on Tadawul.