crude price Archives - Financial Mirror

Dumb and dumber

By Jeffrey Halley Readers should stop watching US stock markets for economic wisdom, as the price action overnight confirmed that part of the financial world has as little future insight as anywhere

29th June 2022

Markets/World

Fed set to raise interest rates to rein in inflation

By Heather Scott US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.

16th March 2022

Markets/World

Johnson meets Saudi, UAE leaders to boost oil output

British Prime Minister Boris Johnson began lobbying Saudi Arabia and the United Arab Emirates to pump more oil to calm markets roiled by Russia’s invasion of Ukraine as he met the Gulf

16th March 2022

Energy/World

Risk appetite, ECB policy muddied by Ukraine crisis

By Han Tan, Chief Market Analyst at Exinity Group Asian stocks are mixed while US and European futures are in the green, as markets are tossed about by the headline blitz stemming

9th March 2022

Markets/World

Respite for motorists as petrol tax slashed 7c

Motorists in Cyprus will be given a respite from rising fuel prices, as the government stepped in to lower the tax on petrol by some seven cents a litre, while the period

3rd March 2022

Cyprus/Energy

US retail sales up 8.5% to Christmas

US retail sales were up 8.5% during the pre-Christmas period of November 1 to December 24, a period that included Black Friday and Thanksgiving, overshadowing worries of a fallout from Covid-19 on

28th December 2021

Markets/World

Moody’s raises medium term oil price to $50-70 as costs rise

Moody’s Investors Service increased its medium-term oil price range to $50-70/barrel to reflect the rating agency’s expectation that the full cost of production of a marginal barrel of oil will keep increasing

7th October 2021

Energy/World

What is causing the energy crisis

By Charles Ellinas The global economy is still growing – driven by the more affluent parts of the world as they come out of the pandemic – even if at a touch

29th September 2021

Comment/Cyprus/Energy

Fuel prices coming down as OPEC+ boosts output

By Charles Ellinas Following the OPEC+ (OPEC plus Russia) agreement on Sunday to raise crude oil production by 400,000 barrels/day each month, starting from August, Cypriots should see a fall in fuel

20th July 2021

Energy/Guests/Markets

Sovereign bond selloff resumes after short break

By Hussein Sayed, Chief Market Strategist at FXTM Asian equity markets suffered hefty losses following Wednesday’s declines in Wall Street as bond yields resumed their rally. Japan’s Nikkei 225 and Hong Kong’s

4th March 2021

Markets/World