Oil prices rose above $50 on Tuesday (December 15th), as the start of Coronavirus vaccination campaigns favored the tightening of general isolation measures in Europe and expectations of a slower recovery in demand. The United States began vaccination campaigns on Monday, while the deaths due to the pandemic exceeded 300,000. …
Read More »EU to Approve Pfizer’s COVID-19 Vaccine on December 23
The European Medicines Agency is expected to approve the coronavirus vaccine developed by Pfizer and BioNTech on December 23rd, Reuters reported on Tuesday, citing a German government source.
Read More »IEA: The Impact of Corona Vaccines on Global Demand Will Take Several Months
The International Energy Agency has warned that the start of vaccination campaigns to prevent Coronavirus this month will not quickly reflect the devastation inflicted on global oil demand. “The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach …
Read More »China’s Crude Oil Production Rose 1.2% y-o-y in November
Data announced by the Office for National Statistics today, Tuesday, revealed that China’s domestic production of crude oil in November rose 1.2% year-on-year to 15.96 million tons. Production since the beginning of the year reached 178.63 million tons, up 1.6% year-on-year. Refinery consumption of crude oil at the national level …
Read More »European Stocks stable as Anti-Coronavirus Measures Tighten
European shares stabilized on Tuesday (December 15th), after an increase in cases of Covid-19 disease forced governments to tighten control measures across the continent, negatively affecting optimism about the distribution of vaccines and hopes for a trade agreement between Britain and the European Union. A new strain of Coronavirus was …
Read More »Gold Rising on stimulus, Amid a Spike in COVID-19 Cases
Gold rose on Tuesday (December 15th), as the increase in COVID-19 cases and restrictions imposed on investors’ appetite for usually riskier assets and boosted the bet on more stimulus ahead of the US Federal Reserve meeting. Gold rose in the spot market 0.7% to $ 1839.20 an ounce by 07:05 …
Read More »A New Rise in The Unemployment Rate in Britain And Layoffs at a Record Level
The unemployment rate in Britain increased again in three months until October, while the number of workers who were laid off reached a record high, as companies prepared for the end of the government’s job support program as part of measures to mitigate the repercussions of the Corona pandemic, which …
Read More »EIA: Shale Oil Production will Drop 136,000 Bpd in January
The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …
Read More »Germany’s DAX Starts Positively
The German DAX Index opened its daily trading with clear negativity after finding a strong resistance level around 13,290. Technically speaking, we tend to be negative, depending on the stability of trading below the mentioned level, in addition to the continuation of negative pressure from the simple moving averages. In …
Read More »Dow Jones Faces Temporary Negative Pressure
Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, approaching the required target located at 30,360, posting a high of 30,320. On the technical side, the current movements are witnessing a bearish bias on short time frames due to the negative signs coming …
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