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The Spectator

Tag : OPEC

Business

Bitcoin and crypto markets react to global $17.3 trillion oil shock

thespectator.co.in
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital asset sectors. The alert follows heightened geopolitical tension in South...
Business

Global oil demand growth revised down by OPEC by 106,000 barrels per day

thespectator.co.in
OPEC has revised its 2024 global oil demand growth forecast down by 106,000 barrels per day, citing weaker-than-expected demand in non-OECD regions, impacting overall oil demand....
Business

Gold continues upward climb, scaling one-year high racing past $2,000 an ounce

thespectator.co.in
Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest...
Business

Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

thespectator.co.in
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes...