by Jibran Munaf | July 9, 2024 | Commodities, Energy, News
The Guangzhou Futures Exchange (GFEX) said on Tuesday it plans to launch its first platinum and palladium futures contracts in China, the world’s second-largest economy, to offer a domestic price-hedging mechanism. The GFEX will be the first exchange to allow...
by Jibran Munaf | July 5, 2024 | Green, News
The Abu Dhabi National Oil Company (ADNOC) and the Japan Bank for International Cooperation (JBIC) have entered into a $3 billion green financing facility, marking a significant step in ADNOC’s decarbonization and energy transition efforts. Key Facts Financing...
by Jibran Munaf | July 4, 2024 | Consumer Goods, Economy, News
Exports from China and India Drive Trade Increase Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods increasing by around 1% quarter-over-quarter and services by about 1.5%, according to the latest Global Trade Update...
by Jibran Munaf | July 3, 2024 | Automotive, News
Tesla’s stock (TSLA) surged over 10% on Tuesday after the electric vehicle manufacturer announced quarterly vehicle deliveries that exceeded Wall Street expectations. The company reported delivering 443,956 vehicles in the second quarter, surpassing the analyst...
by Jibran Munaf | July 1, 2024 | Energy, News
Saudi Arabia’s oil giant, Aramco, has committed over $25 billion in contracts to advance its ambitious gas expansion projects. This initiative aims to increase sales gas production by more than 60% by 2030, compared to 2021 levels. Aramco’s recent...
by Jibran Munaf | June 28, 2024 | Commodities, Energy, News
Brent crude futures for August settlement, which expire on Friday, rose 41 cents. Oil prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank will soon start to cut interest...
