Diesel imports from Russia to northwest Europe made up 53% of all imports prior to the imposition of sanctions on such imports by sea. European nations now import diesel fuel from Saudi Arabia, India, China, and South Korea; the Russian share dropped to 2% in February 2023. According to the US Department of Energy, imports of diesel from the nations on the list have increased to the following...

Turkey's central bank, the biggest gold buyer in the world, purchased 23 tons of the precious metal in January. According to Bloomberg, Turkey's central bank purchased 23 tons of gold in January, which made it the biggest buyer of the precious metal globally during this time. The nation currently has 565 tons of gold, which is the highest quantity ever recorded, according to the World Gold...

ECB spokesperson anticipates that interest rates will peak in the coming year, writes Handelsblatt. According to the German daily Handelsblatt, Robert Holzmann, the president of the European Central Bank, believes that interest rates will peak within the next 12 months. In an interview that, Holzmann expressed his optimism that interest rates would peak in the upcoming year. Inflation will...

According to preliminary statistics, Tokyo's annual price growth rate was 3.3% in February, the Japanese Ministry of National Affairs reported on Friday. Consequently, the monthly inflation rate slowed for the first time in 13 months. The annual price increase was 4.3% a month ago, the highest since May 1981. Bread increased in price by 14.6%, vegetable oil by 32%, carbonated drinks by 15.7%,...

According to the National Statistics Office of India's Ministry of Statistics and Programmes, the country's GDP will grow by 7.0% in the fiscal year 2022–2023. The department stated in a preliminary report that "GDP growth for 2022-2023 is projected at 7.0%, up from 9.1% in 2021-2022." Real GDP at constant prices for 2022–2023 is predicted to be 159.71 trillion rupees ($1.93 trillion),...

According to Vitol Group CEO Russell Hardy, oil prices could hit $90-100 per barrel in the second half of the year. "It's anticipated that demand will increase to record levels in the second part of the year. The possibility of higher prices in the $90-100 range in the second part of the year seems plausible," said Mr. Hardy. Brent prices have been ranging between $83 and $84 per barrel since...

Deutsche Bank announced that it increased its forecast for the ECB's peak rate during the present cycle of monetary tightening from 3.25% to 3.75%. According to economists, the central bank will increase the interest rate by 50 basis points at its meetings in March and May, with a final raise of 25 basis points in June. Prior to this, additional 50 basis points were expected in March, and final...

According to preliminary statistics compared to final data for December, liquid hydrocarbons output in Norway in January declined by 22,000 barrels per day, or 1.1%, equal to 1.979 million barrels per day, according to a study by the Norwegian Petroleum Directorate (NPD). The official numbers for December show that the nation's average daily production of liquid hydrocarbons was 2.001 million...

At the end of the fourth quarter of last year, there were $16.9 trillion in outstanding U.S. household debts, an increase of $394 billion (2.4%) from the previous quarter. Federal Reserve Bank of New York released its quarterly report on house debt and credit. Particularly noteworthy, according to experts, is the 6.6% quarterly increase in American credit card debt to $986 billion. Both the rate...