Saudi Arabia Archives - The Industry Spread

Asian Indices Lower, Bitcoin Slumps

September 25, 2019

Asian indices finished lower today as political turbulence in the US weighs on global equities. The US and China planning to restart negotiations in early October. The oil price stabilized after the drone attack in Saudi Arabia oil facilities which will cut 5% of the world oil supply.

BTC at Monthly Lows, Stocks Edged Higher

September 25, 2019

Asian indices finished higher today as the US and China are planning to restart negotiations in early October. The oil price stabilizes after the drone attack in Saudi Arabia oil facilities which is expected to cut 5% of the world oil supply. The Hang Seng is trading 0.22 per cent higher at 26,281, the Shanghai Composite is trading 0.28 per cent higher to 2,985, while in Singapore, the FTSE Straits Times index finished 0.39 per cent higher at 3,156. The ASX 200 in Australia finished 0.01% lower at 6,748.

Crude Oil Down after Yesterday’s Spike, AUDUSD Retreats

September 17, 2019

Asian indices finished mixed today as the oil price retreats from yesterday’s high after the drone attack in Saudi Arabia oil facilities will cut 5% of the world oil supply. The Hang Seng is trading 1.14 per cent lower at 26,817, the Shanghai Composite is trading 1.14 per cent lower to 2,996, while in Singapore, the FTSE Straits Times index finished 0.51 per cent lower at 3,187. The ASX 200 in Australia is trading 0.15% higher at 6,663.

Oil Spikes Higher, Commodity Linked Currencies on Demand

September 17, 2019

Asian indices finished lower today on after the oil price spikes over 10% as the drone attack in Saudi Arabia oil facilities will cut 5% of the world’s oil supply. The Hang Seng trading 0.96 per cent lower at 27,091,  the Shanghai Composite trading 0.02 per cent lower to 3,030, while in Singapore the FTSE Straits Times index finished 0.15 per cent lower at 3,207. The ASX 200 in Australia is trading 0.06% higher at 6,673.

DME Sees 160% Growth in Forward Trading

March 9, 2019

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, today announced a 160% increase year-on-year in trading activity on the exchange’s forward curve.