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Russia
Energy
Oil prices dip to $79.24 amid Trump’s push for increased energy production
Market participants are focusing on upcoming U.S. inventory data for insights into supply dynamics
Energy
Saudi Aramco CEO anticipates 1.3 million barrels per day increase in oil demand this year
Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million
Energy
Oil prices drop to $80.6 as Trump declares national energy emergency
West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
Energy
Oil prices up 0.2 percent to $80.91 amid supply concerns, Trump’s inauguration caution
West Texas Intermediate crude futures also rose by 0.2 percent to $77.56 per barrel
Markets
UAE gold prices largely steady, global rates rise ahead of Trump’s inauguration
The Federal Reserve will likely hold interest rates steady on January 29
Economy
IMF projects 3.3 percent global growth in 2025, inflation to fall to 3.5 percent by 2026
Despite the stable global growth forecast, disparities among countries are widening
Banking & Finance
UAE, Russia sign double taxation avoidance draft agreement to boost economic cooperation
This agreement seeks to establish a stable and investment-friendly tax framework and eliminate tax barriers
Energy
Oil prices climb to $81.63, 0.4 percent surge driven by strong Chinese economic data
Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel
Markets
UAE gold prices rise AED1.5, global rates hover near 1-month high
Easing underlying inflation in the U.S. renewed hopes of a less restrictive Fed policy this year
Energy
Oil prices rise to $82.35 amid soft U.S. inflation, tightening global supply concerns
Crude oil WTI futures expiring in March rose 0.4 percent to $79.01 a barrel
Energy
Oil prices steady at $79.95 amid key U.S. inflation data release
Crude oil WTI futures expiring in March inched up 0.1 percent to $76.45 a barrel
Energy
The OPEC+ will face pitfalls of geopolitics, U.S. energy shift in 2025
Since October 2022, the organization has cut crude oil production by 5.8 million barrels per day
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