Average Annual OPEC Oil price from 2011 to 2021 in USD per barrel
Over the last decade the average annual OPEC oil price has dropped by 35%. However this price has faced a significant increase by 67% since last year. This huge increase sounds alarming.
Oil slides as Omicron Spread reduces Fuel Demand
Oil prices slumped 3% on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.
Apple Closes in on US $ 3 Trillion Market Value
Apple’s market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most valuable company.The company’s shares fell just over 2% on Monday to close at $175.74, reversing earlier gains that saw them appro
Euro, Dollar Steady after Omicron Fears Ease
The euro, sterling and dollar stabilized on Thursday amid optimism some COVID-19 vaccines might be able to neutralize new coronavirus variant Omicron. Analysts said the focus was shifting back to monetary policy.Some of the fears around the Omicron variant ebbed after BioNTech and Pfizer said three
iPhone 13 Production Fell 20% in Sept-Oct
Production of Apple Inc’s flagship iPhone 13 smartphones fell 20% short of previous plans in September and October, Nikkei reported on Wednesday. The holiday-quarter used to be the busiest for the company as many consumers seek to buy its products weeks ahead of Christmas.
The CIA confirms they are working on Crypto Projects
During the Wall Street Journal’s CEO Summit yesterday, CIA Director William Burns admitted that the Central Intelligence Agency has multiple projects to keep track of cryptocurrencies. Burns said that the CIA “had set in motion a number of different projects focused on cryptocurrency and try
As Market Calms, Bitcoin Rebounds back Over US $ 50 K
Bitcoin rose 1.5% on early Tuesday, after firming overnight in line with equity markets and other risk assets, but many crypto traders remained on edge after Saturday’s sharp and sudden plunge.
Bitcoin Below US $ 50 K at early October Levels
Bitcoin hovered around $49,000 on Monday, down 1.5% on the day, as traders nursed losses after a brutal weekend in which the price of the world’s largest digital asset at one point lost over one fifth of its value.The rout sent bitcoin’s price and the amount invested in bitcoin futures b
Abu Dhabi’s IHC Unit Raises $13.1 Billion From Direct Listing
Multiply Group, a subsidiary of Abu Dhabi’s International Holding Company, raised 48 billion Dirhams ($13.1 billion) in a direct share listing. Shares in the tech-focused holding company surged following the listing, closing at 2 dirhams apiece Sunday, 80% higher than the launch price of 1.11 Dirh
Meta has Lost over US $ 230 B in Market Value
Facebook parent Meta dropped with shares set to a enter bear market after months of volatility triggered by a whistle-blower’s revelations and disappointing quarterly results. The selloff is now more than 20% since its closing record on Sept. 7, erasing over $230 billion in market value. Meta’s