Fed Holds Steady on Rates, Oil Traders Bet on Future CutsInternational oil prices rose for the third consecutive day on the 12th (local time) as U.S. inflation appeared to ease, supporting expectations for an interest rate deduction. On the same day, West Texas Intermediate (WTI) crude for July closed at $78.50 per barrel on the New York Mercantile Exchange (NYMEX), up $0.60 (0.77%) from the […]
South Korea and Turkmenistan Seal Deal on Major Gas Plant ProjectsSouth Korean President Yoon Suk Yeol is currently visiting Turkmenistan and has decided to strengthen the partnership between South Korea and Turkmenistan. The two countries agreed to expand cooperation in energy and plant businesses in Turkmenistan, the world’s fourth-largest holder of natural gas, to broaden the participation of South Korean companies. After a summit with […]
Butter vs. Margarine: Which Will Kill You QuickerThe debate between butter and margarine has been ongoing for decades. What should you eat if you're thinking about your health?
Colombia Bleeds Nearly One Billion Dollars in Oil TheftRecent reports revealed that Colombia has suffered losses of nearly one billion dollars over the past five years due to oil product theft.
China Secures Exclusive Oil and Gas Rights in IraqRecently, only Chinese companies won the bidding for oil and gas exploration rights in Iraq. This success is an example of China’s growing influence in the Middle East. China is making strategic moves by taking advantage of the U.S.’s disengagement from the Middle East, securing stable energy sources like oil and gas through expanded cooperation […]
Trump's Bid for Presidency: A Billion-Dollar Bargain with Oil ExecutivesDonald Trump, who is running for his second term in the 2024 Presidential Election always attracts attention with his comments. He’s good at such strategies. According to The Washington Post, he told oil company executives that he would end the electric vehicle incentives if they donated $1 billion to his election campaign. It’s well known […]
U.S. Oil Reserves at Highest Since February, Prices RecoverOn the 2nd (local time), oil prices partially recovered losses after the US crude oil inventory significantly increased, boosting supply. July Brent crude traded at the $84 per barrel line, the lowest since mid-March, while West Texas Intermediate crude rose above $80. Commodity prices, including oil, became more attractive as the dollar value plummeted after […]
Saudi Aramco's Top Boss Backs China in Energy Dumping ControversyThe world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
AI Drones Threatening Energy Markets, Ukraine Attack Disrupts Russian Oil ProductionUkraine attacks 18 Russian refineries this yearIncreased use of AI-equipped dronesConcerns grow among oil-importing countries like China and India CNBC reported on the 14th (local time) that Artificial intelligence (AI) drones are disrupting energy markets as Ukraine’s intensified attacks on Russian refineries continue. According to JP Morgan, drones launched from Ukraine have attacked 18 Russian […]
There's a Reason for the Sudden Spike in Dogecoin and Bitcoin Cash PricesThe reasons behind the rise of Dogecoin (DOGE) and Bitcoin Cash (BCH) are garnering attention. As of 11:05 a.m. on the 28th, Dogecoin was trading at $0.21, up 10.81% from 24 hours ago, and Bitcoin Cash was trading at $582.44, up 12.34% on Bithumb. Dogecoin rose to $0.22, and Bitcoin Cash rose to $591. The […]
Saudi Arabia's Ambitious Shift Towards Automated ManufacturingSaudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Putin and Bin Salman Clash Over Oil Prices! Is Moscow the Next Battlefield?Putin talked with the crown prince and discussed cooperation and stability in the face of falling oil prices and the OPEC+ decision.
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Fed Holds Steady on Rates, Oil Traders Bet on Future Cuts International oil prices rose for the third consecutive day on the 12th (local time) as U.S. inflation appeared to ease, supporting expectations for an interest rate deduction. On the same day, West Texas Intermediate (WTI) crude for July closed at $78.50 per barrel on the New York Mercantile Exchange (NYMEX), up $0.60 (0.77%) from the […]
South Korea and Turkmenistan Seal Deal on Major Gas Plant Projects South Korean President Yoon Suk Yeol is currently visiting Turkmenistan and has decided to strengthen the partnership between South Korea and Turkmenistan. The two countries agreed to expand cooperation in energy and plant businesses in Turkmenistan, the world’s fourth-largest holder of natural gas, to broaden the participation of South Korean companies. After a summit with […]
Butter vs. Margarine: Which Will Kill You Quicker The debate between butter and margarine has been ongoing for decades. What should you eat if you're thinking about your health?
Colombia Bleeds Nearly One Billion Dollars in Oil Theft Recent reports revealed that Colombia has suffered losses of nearly one billion dollars over the past five years due to oil product theft.
China Secures Exclusive Oil and Gas Rights in Iraq Recently, only Chinese companies won the bidding for oil and gas exploration rights in Iraq. This success is an example of China’s growing influence in the Middle East. China is making strategic moves by taking advantage of the U.S.’s disengagement from the Middle East, securing stable energy sources like oil and gas through expanded cooperation […]
Trump's Bid for Presidency: A Billion-Dollar Bargain with Oil Executives Donald Trump, who is running for his second term in the 2024 Presidential Election always attracts attention with his comments. He’s good at such strategies. According to The Washington Post, he told oil company executives that he would end the electric vehicle incentives if they donated $1 billion to his election campaign. It’s well known […]
U.S. Oil Reserves at Highest Since February, Prices Recover On the 2nd (local time), oil prices partially recovered losses after the US crude oil inventory significantly increased, boosting supply. July Brent crude traded at the $84 per barrel line, the lowest since mid-March, while West Texas Intermediate crude rose above $80. Commodity prices, including oil, became more attractive as the dollar value plummeted after […]
Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
AI Drones Threatening Energy Markets, Ukraine Attack Disrupts Russian Oil Production Ukraine attacks 18 Russian refineries this yearIncreased use of AI-equipped dronesConcerns grow among oil-importing countries like China and India CNBC reported on the 14th (local time) that Artificial intelligence (AI) drones are disrupting energy markets as Ukraine’s intensified attacks on Russian refineries continue. According to JP Morgan, drones launched from Ukraine have attacked 18 Russian […]
There's a Reason for the Sudden Spike in Dogecoin and Bitcoin Cash Prices The reasons behind the rise of Dogecoin (DOGE) and Bitcoin Cash (BCH) are garnering attention. As of 11:05 a.m. on the 28th, Dogecoin was trading at $0.21, up 10.81% from 24 hours ago, and Bitcoin Cash was trading at $582.44, up 12.34% on Bithumb. Dogecoin rose to $0.22, and Bitcoin Cash rose to $591. The […]
Saudi Arabia's Ambitious Shift Towards Automated Manufacturing Saudi Arabia is aiming to reduce its dependence on the oil industry and leap towards becoming a powerhouse in automated manufacturing. According to industry sources on the 24th, Saudi Arabia is striving to restructure its industries around future advanced technologies, reducing its reliance on oil, which accounts for 40% of its Gross Domestic Product (GDP) […]
Putin and Bin Salman Clash Over Oil Prices! Is Moscow the Next Battlefield? Putin talked with the crown prince and discussed cooperation and stability in the face of falling oil prices and the OPEC+ decision.
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