A tentative return of risk appetite to global stock markets and rebound in oil prices at the end of last week helped lift major Gulf equities, though they remained vulnerable to rate hikes and demand outlook worries.
Oil prices, a key driver for the Gulf's financial markets, rose about 4% on Friday, supported by real and threatened cuts to supply, although futures posted a second weekly decline on back of aggressive interest rate hikes a China's COVID-19 curbs weighed on the demand outlook.
Russian President Vladimir Putin has threatened to cut off all energy supplies to Europe if price caps are imposed and a small cut to OPEC+ oil output plans announced this week also supported prices.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tesla’s next Texas move: a lithium refinery on the Gulf Coast?If built, Tesla has told the state of Texas that the facility would process raw ore material into a state suitable for battery production. The company...
Leer más »
Tesla eyes Texas Gulf Coast site for new lithium refinery - Dallas Business JournalObtaining tax relief is a determining factor for Tesla to develop the project on the Texas Gulf Coast, the company said.
Leer más »
Iran Guards seize foreign ship in Gulf for smuggling dieselIran's elite Revolutionary Guards have seized a foreign vessel in the Gulf for allegedly smuggling 757,000 litres of diesel out of the country, the Iranian state news agency IRNA reported on Saturday.
Leer más »
- Alabama NewsRain and storms may have an impact on some of your outdoor plans this weekend. We don’t see it raining all the time and therefore periods of sunshine are certainly possible. The unsettled weather pattern is being generated by an upper low pressure system moving over the gulf coast region. This system will help keep the flow of gulf moisture...
Leer más »
Flights to Alabama beaches? Gulf Shores eyes March 1, 2023, opening for ‘interim’ airport terminalThe Gulf Shores Airport Authority announced they have an agreement to have the modular facility open by next year. But a question looms: Which airlines are flying out of Gulf Shores?
Leer más »
Elon Musk in Texas: Neuralink files to build near Austin, Tesla eyes Gulf Coasrt lithium plant - Dallas Business JournalElon Musk's Texas business empire continues to mushroom. The latest expansion plans include a sprawling Travis County campus for brain-computer interface startup Neuralink and a potential lithium battery plant for Tesla near Corpus Christi.
Leer más »