Citing monthly export data for the Joint Data Initiative “JODI”, the International Energy Forum said that Saudi Arabia’s crude exports in April rose to 7.38 million barrels per day from 7.235 million barrels per day in March. The forum indicated that the data highlights that global oil demand fell on …

The euro rose on Monday as markets focused on the European Central Bank’s anti-fragmentation tools in the eurozone, even as French President Emmanuel Macron lost an outright majority in legislative elections. The final results showed that Macron’s “Together” alliance obtained the largest number of votes in the National Assembly elections, …

Japan’s Nikkei closed at a more than five-week low on Monday as energy and chip-related shares led losses as investors struggled to find signs of market action due to a holiday in the United States. The Nikkei index fell 0.74 percent to 25,771.22 points, its lowest closing level since May …

The People’s Bank of China kept interest rates unchanged in June at 3.7% for one year and 4.45% for 5 years, in a move that was expected by most investors. The Central Bank had reduced interest rates for one year during the months of November and December of last year …

China’s imports of Russian crude oil in May hit a record for one month of 8.42 million tons (about 1.98 million barrels per day), up 55 percent from the same month in 2021, according to Chinese customs data. Customs data released on Monday also showed that China imported 260,000 tons …

Cryptocurrency bitcoin rose 5.69 percent to $2,045.29 by 2003 GMT Sunday, up $1,079.23 from its previous close. With this, Bitcoin, the largest and most popular cryptocurrency in the world, is up 13.9 percent from this year’s low of $1,7592.78, which it hit on Saturday. Ether rose 10.42 percent to $1,100.07 …

Russian President Vladimir Putin said Friday that the European Union has lost its “political sovereignty”, in a belligerent speech at Russia’s annual economic forum. Putin criticized the union’s economic policies such as “money printing” to tackle rising inflation. Putin also attacked the West for blaming it personally for its economic …

The Japanese yen fell 1.9% on Friday after the Bank of Japan bucked a wave of monetary tightening and stuck to an ultra-low interest rate, while currency markets looked poised for another choppy session after a series of rate hikes this week. The surprise decision of the Swiss National Bank …

European shares rose on Friday but headed for sharp weekly losses after a series of interest rate increases from major central banks fueled fears of a sharp economic slowdown. The pan-European Stoxx 600 index rose 0.8 percent in volatile trading, but it is still heading for a weekly decline of …

Oil prices rose on Friday, supported by tight supplies and new sanctions on Iran, but prices are on track for a weekly decline after major central banks raised interest rates, which raised fears of a sharp economic slowdown. Brent crude rose 62 cents, or 0.5 percent, to $ 120.43 a …