The energy research firm Wood Mackenzie predicted that this year’s global oil demand will increase by 1.9 million barrels per day (bpd), which is comparable to the Organisation of the Petroleum Exporting Countries’ (OPEC) 2024 estimate. Vice president of oils… Read More ›
Day: February 29, 2024
World Bank Will Streamline Investment Guarantees And Loans With An Annual Target Of $20 Billion
In an effort to increase private investments in renewable energy in poor nations, the World Bank Group announced on Wednesday that it would be consolidating its loan and investment guarantee structure. The goal is to triple the organization’s annual guarantees… Read More ›
Western Nations Quarrel Over Russian Assets at the G20 Financial Summit
In an attempt to put aside their intense geopolitical differences, G20 finance ministers discussed the difficulties facing the global economy on Wednesday, and Western nations sparred about how to handle frozen Russian assets. In order to address concerns like poverty… Read More ›
Amid Record Highs, Foreign Investors Pull Out Of Japanese Stocks
After several strong foreign capital inflows into Japanese stocks in the preceding weeks, there was a minor outflow last week. Exchange data shows that foreign investors pulled out a net 2.83 billion yen (about $19 million) from Japanese stocks in… Read More ›