Tag Archives: surplus

In February, the eurozone witnessed a notable surge in its trade surplus compared to the previous year, largely due to a significant decline in imports, particularly in energy and raw materials, according to data from the European Union’s statistics office Eurostat released on Tuesday. Eurostat reported that the unadjusted external …

Data from the European Central Bank showed on Thursday that the eurozone’s current account surplus rose in May as the goods and services trade surplus widened. On the basis of adjusted data, the euro area, which includes 20 countries, recorded a surplus of 9.1 billion euros, compared to 3.8 a …

The latest decision by OPEC+ Tuesday to stick to its planned increase in oil output for February largely reflects easing concern of a big surplus in the first quarter of 2022, as well as a wish to provide consistent guidance to the market.The producer group, which comprises of the Organization …

Oil prices rose more than 3 percent on Wednesday, offsetting some sharp losses incurred during the previous session, as major producers prepare to discuss how to deal with the threat to fuel demand from the mutated Omicron. Brent crude futures rose $2.46, or 3.6 percent, to $71.69 a barrel by …

Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand. This marks the latest development in the market after weeks long tug-of-war game. Brent …

The eurozone’s current account surplus more than halved in June compared to the previous month, driven by an increase in the services trade surplus. According to data from the European Central Bank on Thursday, August 19, the bloc, which includes 19 countries that deal in the euro, recorded a current …

Data published by the European Union statistics office Eurostat on Friday, August 13th showed that the eurozone recorded a significant rise in its trade surplus with the rest of the world in June compared to May, as exports grew faster than imports during the month. Eurostat said the 19-nation eurozone …

Data from the European Central Bank showed that the Eurozone’s current account surplus widened in April thanks to an increase in the trade surplus and primary income, which includes profits from foreign investment. The 19-nation Euro bloc posted a revised current account surplus of 22.8 billion euros in April, up …

The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …

European Central Bank data showed that the eurozone’s current account surplus widened in December due to a higher trade surplus and a larger contraction of the secondary income deficit, which includes outflows such as remittances and taxes. The 19-nation bloc, which deals in euros, recorded a current account surplus of …