Iran Has Highest Level of Transit to Afghanistan
Afghanistan's Ambassador to Tehran said that Iran has the highest level of transit roads and goods to and from Afghanistan than other neighboring countries.
Gold flatlines around $1840 as markets look forward to Biden inauguration
Spot gold went sideways on Tuesday, as markets digested an as expected testimony from US Treasury Secretary nominee Yellen.
European markets edge higher ahead of Joe Biden’s inauguration
Biden will succeed President Donald Trump as the 46th president of the United States shortly after noon ET. U.K. inflation doubled in December, despite stringent coronavirus restrictions over Christmas.
EUR/USD pressured below 1.21
EUR/USD is trading below 1.21, consolidating Friday's losses as the market mood is mixed. Upbeat Chinese GDP and US stimulus are cheering markets while Italy's political crisis and the depressing coronavirus picture is weighing on sentiment.
President Inaugurates 60 Projects in Its Free Trade, Industrial Zones
President Hassan Rouhani officially inaugurated 60 projects in the country’s free trade-industrial and special economic zones.
Iran’s crude steel output rises 13%
Production of crude steel (steel ingot) in Iran has risen 13 percent from January-November, 2020, according to a report released by the World Steel Association (WSA).
OPEC+ Compliance With Production Cuts Slips To 75%
OPEC+ group’s compliance with the oil production cuts fell to 75 percent in December 2020—one of the lowest levels since the pact was enacted in May 2020, tanker tracking firm Petro-Logistics said on Tuesday.
Oil Price Fundamental Weekly Forecast, Probably Due for a Correction
Oil prices are ripe for a correction in coming weeks if speculator-driven rallies are not backed by stronger fuel demand soon.
$170 billion wiped off as bitcoin pulls back
Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, fell over 11% from a day earlier to $35,828.06, at around 12:15 p.m. Singapore time.
Asian Buyers Rush To Secure North Sea Oil After Saudi Surprise Cut
Saudi Arabia’s surprise announcement that it would cut 1 million barrels per day (bpd) beyond its share of OPEC+ cuts in February and March has refiners in Asia scrambling to secure supplies from Europe.