Saudi Arabia has raised oil prices for Asian buyers, causing ripples across the global energy market. The state-owned Saudi Aramco increased the price of its Arab Light crude by 90 cents per barrel. This move pushes the premium to $2.20 above the regional benchmark for Asian purchasers. The decision comes at a time of heightened […]
Related Posts
China Slashes Key Interest Rates to Revive Economic Growth
The People’s Bank of China (PBoC) has taken a significant step to stimulate the economy. On Monday in Beijing, the central bank reduced the country’s benchmark interest rates. This move was anticipated as Chinese monetary authorities intensify their efforts to revitalize the struggling economy. The PBoC lowered the Loan Prime Rates (LPRs) by 0.25 percentage […]
Paraguay’s President-elect Pena challenges EU environmental requirements in Mercosur trade talks
Paraguay’s incoming President, Santiago Pena, has voiced reservations about the current environmental requirements posed by the European Union in the ongoing free trade discussions between the EU and the South American trade bloc, Mercosur. Pena, set to assume office next week, expressed that the EU’s propositions might hinder Paraguay’s economic growth, particularly as a leading […]
