Pandemic is Creating Dangers for Investors
The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, according to the Institute for International Finance.
Middle East Oil Producers Are Drowning In Debt
Persian Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices.
Iran determined to boost port capacities amid Eurasian coop.
Iran is boosting its ports both in the south and north of the county to improve trade with other countries and enhance its share in international corridors.
Bitcoin jumps to three-year high
Four-fold rise since March edges towards all-time record as cryptocurrency gains greater acceptance.
Gold and silver remain short
Monday was just another normal day in the markets, a new vaccine was announced helping the equities explode higher.
Oil Market Deficit Next Year
The extension of the OPEC+ production cut deal by three to six months will swing the oil market into a deficit next year, TASS reported, citing documents produced by the joint ministerial committee
Oil Near $41 With OPEC+ Set to Meet on Output Hike Delay
Oil fluctuated near $41 a barrel as the dollar fell and traders weighed the potential for OPEC+ to delay a planned easing of output cuts.
Full impact of pandemic on Europe’s banks won’t be clear until 2021
The fallout from the coronavirus pandemic on Europe’s financial institutions will become more apparent in the coming months, according to a senior European banking official, and there could be one or two casualties in the sector.
Future of Transportation Industry during COVID-19 Pandemic
Mohammadreza Dezfulian, one of entrepreneurs and mangers of the logistics and transportation industry, has, in an analysis, weighed in on the importance of this industry during the corornavirus outbreak.
Oil climbs higher, hopes of OPEC+
The group, also known as OPEC+, has been cutting production by about 7.7 million barrels per day, with a compliance rate seen at 101% in October, and had planned to increase output by 2 million bpd from January.