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Wall Street shifted from optimism to caution, closing down significantly on Tuesday. This change was sparked by the latest US inflation figures for 2024, surpassing expectations.
These numbers prompted market analysts to push back the projected timeline for the Federal Reserve’s (Fed) next interest rate cut to June.
The day ended with notable
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Read more: Inflation Data Shifts Wall Street Mood, Delays Rate Cut Hopes
Write comment (93 Comments)OPEC expects a significant increase in global oil demand in 2024, forecasting a jump of 2.25 million barrels per day.
This projection is notably higher than the International Energy Agency’s, highlighting the expected robust demand from China and India.
OPEC links this uptick to strong global economic growth, particularly in China, projecting
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Read more: OPEC’s 2024 Forecast: A Surge in Global Oil Demand
Write comment (92 Comments)Nigeria reveals its plan to auction brand-new offshore oil obstructs this year, intending to attract deepwater investments.This marks the nation's 2nd such auction within two years. The effort belongs to efforts to conquer difficulties like crude oil theft and pipeline sabotage that have actually hampered production.These issues have led significant players
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Read more: Nigeria Targets Deepwater Investment with Oil Block Auction
Write comment (99 Comments)Because 2003, China has invested $54 billion in Brazil, covering 100 projects.This relocation intends to deepen China's ties with Latin America and showcases a varied collaboration spanning energy, telecommunications, and agriculture.Initially concentrating on energy, particularly electrical energy, China's interests have widened to fund, IT, and green energy, u
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Read more: [Brazil] - China Bolsters Brazilian Infrastructure with $54 Billion
Write comment (96 Comments)On Friday, European stock markets ended mixed as investors mulled over inflation figures from Germany and the US.This comes as both the European Central Bank (ECB) and the Bank of England (BoE) look for clear indications of inflation moving towards their 2% goal before slashing interest rates.The DAX in Frankfurt dipped 0.22% to 16,926.10 points, regardless of
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Read more: Blended Finishes in European Markets Amid Economic Speculations
Write comment (91 Comments)Security concerns in the Red Sea have heightened, as noted by leaders from top shipping companies.
Despite actions by Western nations to deter attacks by Yemen’s Houthi rebels, the situation has not improved.
Companies like A.P. Moller-Maersk A/S and D/S Norden A/S have observed an increase in threats, complicating navigation in this essential
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Read more: Maritime Security Concerns Escalate in the Red Sea
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