Joe Biden, president of the United States, issued instructions to release 50 million barrels of oil from the country's reserves, with the purpose of mitigating the increase in fuel prices.
Biden is working in coordination with a group of highly oil consuming countries such as China, India, Japan,…
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prices
Rise in oil prices will not benefit Venezuela
A barrel of oil could increase by the order of 100 dollars by the end of the year. This was reported by economist Rafael Quiroz, who pointed out that these upward estimates are a consequence of the global crisis caused by the energy crisis.…
Venezuelan inflation could close between 1,400 and 1,500 % by December
Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera &…
Inflation in Venezuela advances 19.6 % in May
Inflation in Venezuela stood at 19.6 % in May, accumulating a level of 2,950 % in the accumulated period of twelve months and 307.3 % so far this year, as reported this Wednesday by the Venezuelan Observatory of Finance.
The coordinator of…
Antitrust authorities investigate Amazon
The German Antitrust Authority has launched a new investigation into Amazon's relationship with third-party merchants who sell on its website as advantageous.
"We are currently investigating whether Amazon influences the way merchants set…
Inflation in Germany slowed down during October
The annual inflation rate of consumer prices of goods and services in Germany slowed down even further in October and stood at 1.1%, the Federal Statistical Office (Destatis) announced today to confirm preliminary data.
In September, the…
Texas crude rose 0.9% after fall in US reserves
At the closing of operations on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in September totaled 53 cents compared to the previous day.
The price of the reference barrel in the United States rose for the…
Oil prices fall as US-China trade conflict intensifies
Oil prices began to fall and Trump seems to win the trade war. Prices are falling under the US president's threats to China.
On Tuesday of this week Brent's barrel was paid at $69.85 in London, which is $1.39 less than at the close of…
Crypto Bubbles tracks the price of digital currencies
Crypto Bubbles is a very easy to use application developed for Android devices that gives users the opportunity to monitor the price changes of their favorite cryptocurrencies while they are traveling.
Operators can select up to 7 of the…
Fluctuation in bitcoin price affects cryptocurrency mining in Japan
Cryptocurrency mining seems to be declining in Japan. Some important companies in the sector are closing due to the effects caused by the fluctuation in the value of bitcoin in the last months of 2018. The fear that this situation will…
Argentina applies new monetary policy scheme
Through an official document the Central Bank of the Argentine Republic (BCRA), it was known that a new monetary policy scheme has been operational since Monday, October 1st. The objective of this strategy is to reduce inflation and recover…
Ibrahím Velutini analyzes economic measures in Venezuela
During the first half of September, the National Executive announced the launch of a series of measures framed in an "Economic Recovery Plan", which aims to improve the financial stability of the nation, as announced by President Nicolás…