Gas sellers made over $11 billion in five days during the abnormal cold weather in Texas in February 2021. Bloomberg came to this conclusion after studying interviews with energy company executives and financial reports. For example, Energy Transfer, an oil and gas transportation and storage company, posted its highest quarterly profit ever, more than tripling the result of its previous best...

The S&P 500 stock index, which includes the biggest US companies by capitalisation, could fall in the third quarter of the year, Insider wrote, citing a note from Bank of America analysts. The S&P 500 stock index, which includes the biggest US companies by capitalisation, could fall in the third quarter of the year, Insider wrote, citing a note from Bank of America analysts. The analysts...

Inflation has become the main fear of central bank reserve managers around the world. As Reuters writes, citing the results of the UBS survey, authorities are also worried about a possible continuation of the coronavirus pandemic and the resulting crisis, as well as rising debt levels. Representatives of nearly 30 global central banks took part in the UBS survey, which was conducted in April...

Global air cargo volume grew by 9.4% in May 2021 compared to pre-crisis April 2019, according to an International Air Transport Association (IATA) press release. In April, global air cargo traffic was up 11.3% compared to April 2019. "Air cargo continued to perform well in May 2021... Supply chain conditions and economic activity supported air cargo," it said.  International air cargo...

World food prices will adjust in the coming years after rising in 2020 and then fall slightly, the OECD and UN experts predicted. World prices for most agricultural products, including food, will gradually stabilize in the next decade. This is according to a report jointly prepared by the Organisation for Economic Co-operation and Development (OECD) and the UN Food and Agriculture Organisation...

Investors have turned their attention to the British pound, Bloomberg reported. Investors in the British pound have been taking notice of the pound, Bloomberg reported. The UK is an example of a strong economy facing infection with a new strain of Delta. At the same time, the country has a good vaccination rate for its citizens. In this sense, the UK provides a roadmap for how developed...

OPEC+ countries could not meet the standard timeframe of the 1 July summit to formulate the bloc's policy to supply the global oil market for the next six months. The OPEC+ monitoring committee did not recommend an increase in oil production due to a lack of consensus within OPEC. Even before the committee meeting it appeared that the deal participants had reached an agreement recommending an...

The United Nations Conference on Trade and Development (UNCTAD) has published a report showing that the downturn in international tourism could cost the world economy $4 trillion by 2020-2021. The report, prepared jointly with the World Tourism Organization (UNWTO), notes that the tourism sector and businesses dependent on tourist traffic lost $2.4 trillion in 2020 alone. And almost as much could...

Analysts at research firm S&P Global Market Intelligence believe major mid-priced Western clothing manufacturers such as Levi's and H&M could be affected by the coronavirus restrictions in Bangladesh, which local authorities have been forced to implement due to a rise in infections. The government of Bangladesh, where more than 5,000 new infections a day have been recorded in recent days, has...