Other news

From February 5, the G7 and European Union will impose a cap on Russian petrochemicals. The import of Russian fuel will also be restricted.

American energy corporation Chevron and Italian oil and gas major Eni said that they had discovered new gas deposits. It is located on the eastern part of the Mediterranean Sea at the Egyptian offshore zone.

Qatar's energy minister predicts strong fluctuations in gas markets over the next few years due to high demand and insufficient supply.

U.S. Special Presidential Envoy for Climate John Kerry said that natural gas could play an important role in solving the problem of global warming.

The last two months of 2022 showed a new high for Iranian oil exports.

A number of important economic data and central bank meetings from all over the world are expected this week. Because of this, gold continues its rise on Monday.

The majority of analysts, in general, are optimistic about the silver rate. However, some suppose that it will increase twice by the end of the new year.

Analysts consider that silver is going to be increasing throughout the current year.

Bank of America analysts believe that not only gold but silver will rise this year. According to forecasts, the price of the precious metal may increase to the level of $25 per ounce.

The latest forecast from the U.S. Energy Information Administration (EIA) outlined that petrol and diesel prices will decline this couple of years.