Economy

US Takes Lead With 21% Share In Global LNG Market

The US has increased its share in the global liquefied natural gas (LNG) trade from 1% in 2016 to 21% by the end of 2023 to become the world's top LNG exporter. According to Anadolu's compilation of data from CEDIGAZ, the International Information Center on Natural Gas, the US exported 84.3 million tons of LNG ...

11:31 Et February 26, 2024

Nvidia Becomes 4Th Most Valuable Firm, Surpassing Amazon With Strong AI Demand

Nvidia became the fourth most valuable publicly traded company in the US, as its market value surpassed Amazon's due to strong demand for artificial intelligence (AI). The stock ...

16:27 Et February 14, 2024

Oil Prices Up As Focus Remains On Middle East Conflict

Oil prices slightly increased in early trade on Tuesday as markets awaited more cues on supply amid the Middle East conflict. The international benchmark crude Brent traded at ...

11:37 Et February 6, 2024

Oil Prices Up Over Potential Regional Escalation In Middle East

Oil prices increased on Monday over the likelihood of an escalation in the Middle East with protracted US airstrikes on Iran-backed groups. The international benchmark crude Brent traded ...

11:14 Et February 5, 2024

Business heads fear lasting bottlenecks from Red Sea tensions

Business chiefs warned on Wednesday that disruption to shipping in the Red Sea caused by attacks by Yemen's Houthi militants could affect supply chains for months and lead ...

19:30 Et January 17, 2024

Gas Shortages Are Not Expected To Affect Europe This Year, Despite Cold Weather Forecast: Experts

Europe is more prepared than last year in having sufficient energy supplies, even in the event of anticipated cold spells, experts have said. Europe, in a bid to ...

10:37 Et January 11, 2024

Oil Prices Nudge Higher With US Economic Data In Focus

Both oil benchmarks saw modest rises on Wednesday, fueled by optimism over US demand, as investors braced for impending economic data signaling the Federal Reserve's (Fed) next policy ...

10:46 Et January 10, 2024

Oil Up Over Demand Upsurge In US, Positive Signals From Fed

Oil prices increased on Friday over robust demand indicators in the US as crude oil inventories declined and Federal Reserve (Fed) minutes show interest rate cuts are likely ...

10:26 Et January 5, 2024

Oil prices slide as Red Sea transport disruptions ease

Oil prices fell roughly 1% on Thursday, as concerns eased about shipping disruptions along the Red Sea route, even as tensions in the Middle East continue to fester. Brent crude futures were down 97 cents, about 1.2%, at $78.68 a barrel by 1026 GMT on subdued trade ahead of their imminent expiry, while the more ...

12:16 Et December 28, 2023

Oil up ahead of postponed OPEC+ meeting on supply future

Oil prices increased on Tuesday amid supply uncertainty magnified by reports of disputes among OPEC+ members over their production "as for the upcoming year. International benchmark crude Brent ...

10:53 Et November 28, 2023
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