UK Cancels $1 Billion Support for TotalEnergies' LNG Project in Mozambique
UK cancels $1B funding for TotalEnergies' Mozambique LNG project, impacting its restart amid ongoing security concerns.
OPEC+: No Change in Production Quotas, November 30 Meeting Confirms Halt in Increases Until 2026
OPEC+ keeps production quotas unchanged until 2026, focusing on market stability amid concerns of a potential surplus.
Oil Prices Under Pressure from Supply Glut
Oil prices have declined amid expectations of increased supply, with Brent at $63.19 and West Texas Intermediate at $59.44 per barrel.
Gold Continues Its Upward Momentum Despite Volatility
Gold prices have risen to $4,220 per ounce with annual gains exceeding 58%, driven by geopolitical tensions and a weakening dollar.
Oil Rises After Consecutive Monthly Losses
Brent crude rose to $62.89 per barrel, but it declined by 2.22% month-over-month and 13.11% year-over-year amid concerns of oversupply.
Gold Rises Above $4,180 Per Ounce
Gold has risen to $4,183.45 per ounce, an increase of 0.57%, amid economic uncertainty and expectations of interest rate cuts.
Oil Prices Drop to $62.92 for Brent, Amid Increased Russian Supply and Potential Resolution in Ukraine
Oil prices fell to $62.8 amid increased Russian supply and potential Ukraine ceasefire, raising concerns over market glut.
Gold Price in Dubai at 500.25 AED for 24 Karat
The gold price in Dubai remains stable at 500.25 AED for 24 karat on November 27, compared to 499.75 AED on November 25.
Gold Stabilizes at $4,145.08 per Ounce Amid Expectations of Interest Rate Cuts
Gold stabilizes near its highest levels in two weeks as investors assess bets on interest rate cuts from the Federal Reserve.
Gold Prices in the Gulf
Gold prices in the UAE remain stable below 500 dirhams/gram, with 24K at 482 dirhams. Global prices rise 0.07% to $4,138/ounce.
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