Wednesday witnessed a notable increase in oil futures, influenced by anticipations around U.S. monetary policy. Powell stated the Fed’s plan for unchanged interest rates this year, despite persistent inflation and a strong job market. He emphasized the necessity for more conclusive evidence before proceeding with rate adjustments. Brent crude briefly surpassed $84 during the trading […]
Related Posts
U.S. Dollar Rises Amid Treasury Yield Hike
The U.S. dollar begins the week strong against the Brazilian real, mirroring a global trend of dollar appreciation. Today, U.S. Treasury yields are rising again. Specifically, the ten-year note went past 4.5%, a first since 2007. This trend boosts the dollar. Moreover, worries about China impact currencies tied to commodities. At 9:40 a.m., the spot […]
Panama Canal Faces Revenue Drop in 2024
Ricaurte Vásquez, the Panama Canal’s administrator, predicted a significant revenue decline for the fiscal year 2024 yesterday. He estimates a drop in toll income of between 500 to 700 million dollars. This reduction is mainly due to transit restrictions caused by the lack of rain and low water levels in the canal. Vásquez shared this […]
ExxonMobil Boosts Rovuma LNG, Elevates Mozambique’s Key Export Role
ExxonMobil, along with industry leaders Eni and CNPC, is propelling forward the Rovuma LNG project in Mozambique’s offshore Rovuma Basin. This pivotal venture capitalizes on one of the largest gas reserves in the world, located in the Area 4 block. Estimates suggest it holds approximately 85 trillion cubic feet of gas. Initiated in 2019, the […]