Tag: prices

Construction indicator – hike in demand & prices for building materials

[ad_1] Today, the whole world sees an increased demand for building materials and the rapid rise in their prices. This is the expected reaction of the marke, since after the last year’s lockdowns, most economic sectors started to gradually bounce back, with the construction sector known as one of the key indicators of economic growth.… Continue reading Construction indicator – hike in demand & prices for building materials

Oil prices growing 3% | Report.az

[ad_1] Global oil prices accelerated their growth on August 23 afternoon compared to the morning dynamics, against the background of rising stock markets after last week’s sales, according to trading data, Report informs referring to Prime agency. The price of November futures for Brent crude oil rose by 3.1 percent to $66.76 per barrel, October… Continue reading Oil prices growing 3% | Report.az

IEA: High oil prices may slow economic recovery

[ad_1] While the current high prices could increase the pace of electrification of the transport sector and help accelerate energy transitions, they could also put a drag on the economic recovery, particularly in emerging and developing countries, Report informs, citing the July 2021 Oil Market Report of the International Energy Agency (IEA). Analysts remind that… Continue reading IEA: High oil prices may slow economic recovery

Global food prices fall for 1st time in 12 months

[ad_1] Global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report released today, Report informs, citing the UN Food and Agriculture Organization (FAO). The FAO Food Price Index averaged 124.6 points in June 2021, down 2.5 percent from May, but still 33.9 percent higher… Continue reading Global food prices fall for 1st time in 12 months

Iranian uranium metal may drive up oil prices

[ad_1] Iran has begun the process of producing enriched uranium metal, the UN atomic watchdog said, a move that could help it develop a nuclear weapon and that three European powers said threatened talks to revive the 2015 Iran nuclear deal, Report informs via Reuters. Iran’s steps, which were disclosed by the International Atomic Energy… Continue reading Iranian uranium metal may drive up oil prices

Oil prices could ‘very easily’ top $100, says former US energy secretary

[ad_1] Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former US Energy Secretary Dan Brouillette told CNBC, Report informs. “You could very easily see oil hitting $100 a barrel — potentially even higher,” he said. On the flip side, it’s “equally possible” that prices could collapse… Continue reading Oil prices could ‘very easily’ top $100, says former US energy secretary

Oil prices slow growth after reaching highest value since November 2014

[ad_1] Global oil prices on July 6 afternoon slowed down their growth slightly after the cost of US WTI oil peaked since November 2014, according to trading data, Report informs referring to Prime agency. As of 14:13 (GMT+4), the price of September futures for the North Sea Brent oil blend grew by 0.19 percent to… Continue reading Oil prices slow growth after reaching highest value since November 2014

White House worried about high oil prices

[ad_1] The White House said it was concerned about the impact of rising oil prices on U.S. consumers but believes producers have ample ability to pump enough crude, Report informs, citing Reuters. “Currently, we believe that there is enough spare oil production capacity globally,” White House Press Secretary Jen Psaki told reporters. “Because of the… Continue reading White House worried about high oil prices

Oil prices fluctuate in anticipation of OPEC+ decisions

[ad_1] Global oil prices on July 2 morning are fluctuating around the July 1 closing level, investors are awaiting the decisions of the OPEC+ alliance, according to trading data, Report informs. As of 8:56 (GMT+4), the price of September futures for the North Sea Brent crude oil blend decreased by 0.09 percent – to $75.77,… Continue reading Oil prices fluctuate in anticipation of OPEC+ decisions