The ongoing Israel-Gaza conflict, initiated by an attack from Hamas on Israel, may trigger a significant surge in commodity prices, particularly oil…
Israel-Hamas conflict risks unprecedented oil price surge, warns World Bank
By Press Room
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The intensifying conflict between Israel and Hamas could potentially trigger a significant surge in oil prices, leading to global food price inflation,…
World Bank warns of potential 75% surge in oil prices due to global conflicts
By Press Room
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The World Bank has expressed concerns over the potential for a dual energy shock, as the ongoing conflicts between Israel and Hamas…
World Bank Warns Escalating Israel-Hamas Conflict Could Spike Global Oil And Food Prices
By Press Room
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The World Bank has issued a warning about the potential impact of the escalating conflict between Israel and Hamas on global oil…
Gold Prices Hover Near $2,000 Amid Middle East Conflict And Fed Meeting Anticipation
By Press Room
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Gold prices stayed close to the $2,000 mark today, buoyed by investors seeking safe-haven assets due to the ongoing conflict in the…
World Bank Warns Middle East Conflict May Disrupt Global Commodity Markets
By Press Room
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The ongoing Israeli-Palestinian conflict, further aggravated by Israel’s ground invasion in Gaza and the resultant 8,000 casualties, could potentially cause significant disruptions…
Exxon names new shale oil chief to replace executive facing assault charge
By Press Room
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By Sabrina Valle HOUSTON (Reuters) -The former head of Exxon Mobil (NYSE:)’s shale oil and gas business will return as senior vice…
US Grain Exports Show Mixed Performance; Soybean Inspections Drop, Corn And Wheat Rise
By Press Room
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In the week ending Sunday, October 26, 2023, the United States Department of Agriculture (USDA) reported a decline in soybean export inspections…
Oil prices slip amid Middle East tensions and anticipation of economic indicators
By Press Room
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Oil prices took a downturn early Monday, following a significant rise last Friday. This fluctuation was largely influenced by the escalating Israel-Hamas…
The World Bank has forecasted a decrease in global oil prices from an average of $90 per barrel in the fourth quarter…