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
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
Banks in the Gulf Cooperation Council (GCC) region will see their profits fall this year as economies shrink amid the coronavirus outbreak and lower oil prices, but have adequate capital underpinning their
By Jameel Ahmad, Global Head of Market Research and Currency Strategy at FXTM Could you ever imagine you would see the price of U.S. crude oil valued at less than a pizza?
The benchmark US crude West Texas Intermediate (WTI) collapsed to just below $11 on Monday, its worst drop since December 1998, as the coronavirus outbreak causes demand to slump. “Over the past