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Category: Industry

Iraqi oil exports to Jordan rise during the first half of 2024

Iraqi oil exports to Jordan increased during the first half of this year by 29% compared to the first half of last year 2023.

SOMO said in a statistic published on its website that Iraqi oil exports to Jordan increased during the first half of this y…

Oil Prices Rise by More Than a Dollar

Oil prices rose by more than a dollar a barrel Thursday, amid growing concerns about supplies from the Middle East region.

Brent crude futures rose by $1.07, or 1.4 percent, to $79.72 a barrel, while US West Texas Intermediate crude futures rose by $…

Oil Rebounds as Demand Concerns Whipsaw Investors

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed worries about global fuel demand.

Brent crude futures were up 25 cents, or 0.31%, at $79.80 a barrel. US West Texas I…

China’s Central Bank Conducts $38.94 Billion Via Reverse Repos

China’s central bank conducted 277.3 billion yuan (about 38.94 billion US dollars) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.

The People’s Bank of China said in a statement that the move aims to keep liquidity reasonabl…

QSE Index Drops 10.78 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) dropped 10.78 points, or 0.11%, at the beginning of trading on Wednesday, reaching 10,177 points, compared to yesterday’s closing.

QSE general index was weighed down by a decline in four sectors: …

Dollar Rises as Traders Seek Clues on US Rate Cuts

The dollar held near its lowest in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected US interest rate cut in September.

The Australi…

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