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Oil Climbs on Optimistic Demand Outlook

June 12, 2024 Web Desk 0

Oil prices ticked higher on Wednesday on upbeat global demand views from the US Energy Information Administration and OPEC.

Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel, while US West Texas Intermediate (WTI) crude futures gained 18…

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QSE Index Closes Higher by 14.27 Points

June 12, 2024 Web Desk 0

Doha: The Qatar Stock Exchange (QSE) index closed today’s trading session up by 14.27 points, or 0.15 percent, reaching a level of 9,645.87 points.

During the session, 179,976,560 shares were traded, with a total value of QR 538,111,845.155, resultin…

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Gold Dips on Firmer Dollar

June 12, 2024 Web Desk 0

Gold prices edged lower on Wednesday, weighed down by a stronger US dollar, as investors awaited key US inflation data and the Federal Reserves updated interest rate projections due later in the day.

Spot gold was down 0.2% at $2,311.80 per ounce. US…

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US Fed Keeps Interest Rates Unchanged

June 12, 2024 Web Desk 0

The US Federal Reserve (central bank) Wednesday kept the interest rate unchanged in the range of 5.25 percent to 5.5 percent.

At the conclusion of their two-day meetings, US Federal Reserve officials revealed their expectations to reduce the interest…

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IEA: Global Oil Demand Will Peak by 2029

June 12, 2024 Web Desk 0

The International Energy Agency (IEA) said Wednesday that global oil demand is expected to reach its highest point by 2029 and start to decrease the following year. Additionally, the IEA projects that oil supply capacity will significantly exceed dema…

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SIGA FITS Forum to Kick Off in New York Thursday

June 12, 2024 Web Desk 0

The international expert forum on Financial Integrity and Transparency in Sport, commonly known as SIGA FITS Forum, will kick off in New York City Thursday with a broad participation of world leaders, decision-makers, officials and academic experts.