According to a news statement from the European statistical agency Eurostat, the volume of retail sales in the euro area increased in May by 0.2% over April. DailyFX's poll of analysts forecasted a 0.4 percent rise. Retail sales in the area increased 0.2 percent in May on an annualized basis. Analysts had predicted a fall of 0.4%, in comparison. Retail sales in the European Union increased 0.8...

To attract investments, the Brazilian government has permitted lithium exports. To encourage investment in the sector particularly in the most underdeveloped area of the country, the Brazilian government has approved the export of lithium materials and their derivatives. Lithium minerals, ores, and their derivatives can now be traded internationally, according to Brazil's Ministry of Mines and...

According to Audun Ingvartsen, the leader of the trade union Lederne, the walkout by employees of Norwegian oil and gas businesses has ended. The agency stated that Norwegian oil and gas workers went on strike Tuesday night in protest over lower pay. On Tuesday, the Norwegian government took action to put an end to the strike. The strike, according to the union’s head in Norway, has ended. As...

Due to high prices and a limited supply, the International Energy Agency (IEA) anticipates a fall in gas demand by the end of 2022 and moderate growth through the end of 2025. This forecast is made in the IEA's quarterly gas market report. The IEA stated that "current high prices and supply problems, which arose in the second half of 2021 and further aggravated after Russian soldiers entered...

Data from WindEurope indicate that wind power generation in the EU is now increasing after falling to 7.8% on June 30. On July 1 and July 2, wind power generation grew to 11.3 and 12.5 percent, respectively. The average last week was the lowest since the year's commencement, when it was 9.9%, and last month, when it was 11.23%. According to statistics from Gas Infrastructure Europe, the EU is...

After reaching a record high in 2017, the number of mergers and acquisitions (M&A) completed globally in the first half of the year fell by 20%, to $2 trillion. This is stated by the Financial Times, using information from the research firm Refinitiv. The main causes of the significant fall were excessive stock market volatility, rising interest rates, geopolitical unrest, and inflation. The fall...

The UK's Civil Aviation Authority (CAA) has determined that Heathrow Airport's aircraft parking rates should be decreased. Virgin Atlantic and British Airways both were in favor of the decision. Heathrow is already among the most expensive airports in the world, according to the regulator. For each jet that lands at the airport, airlines must pay £30.19. Over the course of five years, the CAA has...

Oil exports from OPEC members fell to 19.66 million barrels per day in 2021, a 0.2 percent reduction (bpd). According to OPEC's annual statistical bulletin, petroleum product exports increased 15.8% to 4.03 million bpd. The amount that the cartel made from the export of oil and petroleum products increased by 77 percent to $560.6 billion last year. Presentation of the report took place on the...

IMF special drawing rights (SDRs) worth $3.98 billion were provided to Argentina on Tuesday, according to a source at the country's central bank. According to the source, SDRs worth $3,980 million have been received. The next report of the Argentine Central Bank's foreign exchange reserves will include the 3,000,000,000 SDRs (or $3,980,000,000,000) that Argentina received. Based on the South...