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26 Oct 2022

Saudi Aramco’s CEO: Realignment is happening in oil market with Russian discounts

 

Amin H. Nasser, CEO of Saudi Aramco, said on Wednesday, “realignment is happening in the oil market with Russian discounts.”

Additional quotes

“There are still lots of uncertainties in the market ahead of the planned price cap on Russian oil.”

“The investment in oil is still not sufficient enough to address global demand.”

Oct 26, 2022

AUD/USD could sustain a substantial drop to the low of 2020 at 0.5506 – Credit Suisse

AUD/USD is set to remain under pressure. Therefore, economists at Credit Suisse expect the pair to potentially dive to the low of 2020 at 0.5506. AUD/
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Oct 26, 2022

Gold Price Analysis: XAU/USD hits two-week high, around $1,675 area amid weaker USD

Gold gains strong positive traction on Wednesday and rallied to a nearly two-week high, around the $1,675 region during the first half of the European
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