Washington: The sanctions imposed by the West on Russia and the reduction in fuel production by the OPEC Plus countries will push fuel prices back above $100 by the end of next year, warned Goldman Sachs, the leading US financial institution. The financial institution claimed that the rising demand for fuel in China would also […]
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Washington: – Leading financial institution Goldman Sachs warned that the position of the USD as the leading international currency is under threat. Goldman Sachs has warned in its Research Note that the harsh sanctions imposed against Russia and the foreign debt in the US economy will result in USD losing its importance. The leading financial […]
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Texas: The oil demand in the international market will increase in the next six months and so will the oil rates. Goldman Sachs, the renowned international financial institution from the United States, claimed that these rates would reach $80 per barrel levels. A few days ago, Goldman Sachs had claimed that Copper would become the […]
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Washington: The rise in demand of gold from India as well as China and the world’s central banks’ gold buying spree would lead gold price to climb to a record level high $1, 425 per ounce over one year, predict senior officials of Goldman Sachs. The Gold rates are consistently on the rise over the […]
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Moscow/Riyadh/London – The crude oil price has seen a jump after the leading countries of the oil sector, Russia and Saudi Arabia, announced to cut fuel production. On Tuesday, crude oil price crossed the $90 mark per barrel, the highest since November 2022. Analysts have estimated, on the backdrop of this increase, that crude oil […]
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Kuala Lumpur: Nearly 500 million people worldwide are expected to move to cities over the next seven years due to the growth of the global economy. Due to this, the fuel requirement will increase more. The demand for essential crude oil will rise to 110 million barrels per day in the next decades, claimed the […]
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Vienna – OPEC Plus’ (Organisation of the Petroleum Exporting Countries) decision to maintain the cut in fuel production till the end of 2024 will create an imbalance in the market. This could surge fuel rates at the international level, warned a senior Japanese official. Rystad Energy, a leading consultancy company in the fuel sector, has […]
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Washington- ‘I will not say that the severity of the climate change problem is low and do not worry about it. Climate change is also a big issue. But the threat posed by artificial intelligence seems more urgent and more important,’ warned Geoffrey Hinton, a researcher who developed ‘Generative AI’. A few days ago, Hinton […]
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Washington – The multinational company ‘IBM’, the leading multinational company in the technology sector, has announced it will stop recruiting employees soon. Arvind Krishna, the company’s head and chief executive officer, informed that the technology ‘Artificial Intelligence’ or ‘AI’ will replace the employees. A few days ago, Goldman Sachs warned that AI technology could lead […]
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Vienna/Washington: OPEC Plus, a group which includes the world’s leading fuel-producing countries, has decided to decrease crude oil production by two million barrels per day. This decision is considered to be a significant diplomatic victory for Russia. The United States has strongly reacted to this, and the Biden administration has criticised the announcement as protecting […]
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