Tag: Prices
Potential Impact of Trump Administration on Oil Market: Citi’s Analysis
The recent Citi report on politics and oil suggests that the Trump administration could have a significant impact on the oil market. According to Reuters, the report indicates that the presidency of Donald Trump...
BYD Expands to Thailand and Slashes Prices Amid EV Competition
Electric vehicle competition is heating up in Europe, with BYD, a top Chinese electric vehicle manufacturer, making significant moves in the market. The company is expanding its operations to Thailand, opening a new factory...
June ISM Report: Soft Activity Continues with Cooling Prices
Manufacturing activity in June continued to show signs of weakness, remaining in contraction territory. However, there was a slight decrease in inflation pressure as the prices paid component fell by 4.9 points. Despite this,...
Understanding the Reasons Behind the Doubling of Oil Prices
Oil prices have doubled in the market, reaching $53.50 per barrel, thanks to the efforts of major oil producers like OPEC. The price collapse that occurred in 2016 led to OPEC devising a plan...