Tag: OPEC
Europe’s Dependency on Critical Raw Materials Raises Concerns
The energy transition will not be possible without critical raw materials. Cobalt, lithium, nickel and other metals are vital for changing the way we produce and use energy, indispensable for everything from electric vehicles...
Oil Price Plunge: Relief for Drivers, But Gas Stations May Take Time to Respond
On St. Nicholas Day, we might not have received the gift of cheaper loans from the Monetary Policy Council, but a reduction in oil prices will also please drivers. Considering more people in Poland...
Global Markets Update: Oil Prices Plunge, Yen Strengthens, and NFP Expectations Rise
Oil prices fell to their lowest level since late June, with a loss of 4 percent. WTI dropped below the $70 level and Brent slid under the $75 threshold. One of the reasons was...
Polish Central Bank Maintains Status Quo as Inflation Outlook Clouds
This time, as expected, the Monetary Policy Council has kept interest rates unchanged. In November, we had a surprise, as it was expected that the interest rate cuts would continue until the end of...
Market Consensus Favors No Change in Polish Interest Rates, Analysts Leave Door Open
The market seems to agree that interest rates in Poland should remain unchanged. Still, analysts leave the door open. The dollar continues to strengthen, and oil is looking for its bottom.
Pretext to strengthen...
OPEC’s Surprise Move: Postponed Meeting Sends Oil Prices on a Rollercoaster
"OPEC can be surprising. This time it alarmed markets by postponing its ministerial meeting by four days. As a result, crude oil prices fell by over 4% on Wednesday. Subsequently, a rebound was observed...
Oil Prices Surge in Response to Events in Israel
Due to recent events in Israel, the price of Brent crude oil has risen from $84 to $88 per barrel. This marks the largest single increase in the price of oil over the past...
Weak signals of labor market cooling do not change Fed’s plans
Stock indexes end the week in the red. The dollar is stronger. The exchange rate of the main currency pair fell below 1.05 in recent days, and the week ends around this round level....
Bitcoin and Ethereum are growing, but the Fed and oil prices may have a...
Bitcoin has spiked late in the week after the US congress hashed out a deal to prevent a government shutdown.
Bitcoin saw a strong week of performance, beginning below $26,000 but rising steadily to spike...
Inflation returns, central banks must remain vigilant
Several major central banks have halted interest rate hikes. This does not mean they are about to start lowering them, with fears about a return to higher inflation growing. Poland is in a more...
Crude oil approaches $100 per barrel
Crude oil was one of the factors that significantly contributed to the global problem of excessive inflation. When Russia attacked Ukraine, supply uncertainty led to a rally in prices to nearly 130 dollars per...
Christine Lagarde nominated for ECB presidency
The EU heads of state have come up with a list of nominees to head the European institutions. The chairwoman of the IMF, Christine Lagarde, has emerged as the (dovish) compromise candidate for the...