Keywords: Oil prices
RABAT, Morocco — Moroccan consumers could see some relief in olive oil prices this season as expectations of a stronger harvest raise hopes of improved domestic supplies. Industry professionals anticipate a decline compared with the previous campaign, with the price of a litre potentially ranging......
Goldman Sachs has upgraded its recommendation on global equities from “neutral” to “overweight” for the next three months, citing an improving outlook for corporate earnings despite stock markets trading near record levels. In a note published on Monday, the bank’s strategists......
Global oil prices climbed on Monday as escalating attacks in Saudi Arabia heightened concerns about the security of critical energy infrastructure across the Middle East, adding fresh uncertainty to markets already exposed to geopolitical tensions and disruptions along key shipping routes. Brent crude......
The International Monetary Fund has warned that the economic benefits of the artificial intelligence boom are concentrated in a small number of countries, even as AI-related investment helps offset some of the pressure caused by rising oil and gas prices. The United States and China account for more......
The US dollar remained close to its highest level in 18 months on Monday, supported by investor caution and demand for safe-haven assets amid geopolitical uncertainty. Although the dollar index edged down slightly to 102.16 points, it stayed near the peak recorded the previous week. The dollar index......
The International Energy Agency (IEA) has backed efforts to accelerate the release of oil from strategic reserves, with member governments giving priority to diesel supplies as disruptions continue to put pressure on global fuel markets. The decision forms part of a collective emergency response launched......
Oil prices climbed sharply on Thursday after reports that the White House had asked the Pentagon to prepare potential options for strikes against targets in Iran, raising concerns about renewed instability in the Middle East and possible disruptions to global energy supplies. Brent crude, the international......
Oil prices could settle around $70 a barrel as global energy markets adjust to geopolitical risks and changing supply conditions, according to ConocoPhillips Chairman and CEO Ryan Lance. Speaking at the Energy Intelligence Forum in London, Lance said he expected the lower end of the oil price range......
Morocco is absorbing a sharp rise in global energy prices without allowing the shock to translate immediately into broad-based inflation. By the end of August, consumer prices had increased by just 0.3%, even as Brent crude climbed to around $116 a barrel on September 22. The contrast highlights the......
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