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Egypt Cuts Rate by 100Bps
In its October 2025 meeting, the Central Bank of Egypt reduced its overnight deposit rate by 100 basis points, bringing it to 21%. This marks the fourth rate reduction...
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Gasoline Tumbles to Over 4-1/2-Year Lows
Gasoline futures in the United States declined to below $1.85 per gallon in early October, reaching their lowest point in over four and a half years. This drop was driven...
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US 10-Year Yield Falls Further
The yield on the 10-year US Treasury note dipped below 4.1% on Thursday, driven by mounting growth concerns and signs of a weakening labor market, leading to increased predictions...
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Central Bank of Egypt Lowers Interest Rate Amid Economic Adjustments
In a surprising move, the Central Bank of Egypt has decided to lower the country's interest rate from 22.00% to 21.00%. This adjustment, which took effect on October 2, 2025...
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Gold Eases from Record High
Gold prices retreated to $3,840 per ounce on Thursday, slightly down from their previous record high of $3,895. This decline was driven by investors capitalizing on profits and reevaluating...
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Heating Oil Tracks Crude Lower
Heating oil futures experienced a decrease, settling at approximately $2.25 per gallon, down from the two-month peak of $2.45 reached on September 26th. This decline coincided with a surge...
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Venezuelan Oil Production to the US Sees Notable Increase
In a significant development for the global energy market, Venezuela's crude oil production for exports to the United States has shown a substantial increase. According to recently updated data...
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UAE Oil Production Rises to 3.35 Million Barrels Amid Global Energy Concerns
The latest data update on 2nd October 2025 reveals that the United Arab Emirates (UAE) has increased its crude oil production to 3.35 million barrels. This marks a significant rise...
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OPEC's Surge: Saudi Arabia's Crude Oil Production Rises to 9.85 Million Barrels
In a significant development on the global energy stage, Saudi Arabia has reported a notable increase in crude oil production. As of October 2, 2025, the nation's output has risen...
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Nigeria's Crude Oil Production Sees Decline: OPEC Reports Drop to 1.55 Million Barrels
In a recent update from OPEC, Nigeria has reported a decrease in its crude oil production, with figures dropping to 1.55 million barrels as of October 2, 2025. This represents...