Energies
Monthly Archives: April 2023
Gold is Above 2020 Levels for the First Time in 13 Months
Written on April 5, 2023 at 8:46 am, by Designer
market news summary The European stock indices ended Tuesday’s session in divergence, as oil and gas company stocks gave up their gains after investors absorbed OPEC+ decision to cut production until the end of 2023. At the end of the session, the STOXX600 index fell by less than 0.1% to 457 points, while oil andContinue Reading
Gold Gains Strength Again and Stocks Continue to Rise
Written on April 4, 2023 at 10:28 am, by Designer
market news summary European stock indices ended the trading session of Monday, April 3, with mixed results, amid gains in the oil and gas sector after the OPEC + decision. At the end of the session, the STOXX600 index fell by less than 0.1% to 457 points amid an increase in the shares of oilContinue Reading
Oil Jumps by More than 7%
Written on April 3, 2023 at 8:41 am, by Designer
market news summary A group of member states of the OPEC + alliance revealed a voluntary cut in oil production as a precautionary measure against market fluctuations. Moreover, Russia and Saudi Arabia voluntarily reduced production by about 500,000 barrels per day each, starting from May until the end of 2023. Goldman Sachs raised its forecastContinue Reading
