EIA Lowers 2025 Oil Price Forecasts: What's Driving the Change?
The EIA has lowered its 2025 forecasts for Brent and WTI oil prices, citing potential inventory buildup. Brent is now expected to average $73.58 per barrel, and WTI $69.12 per barr...
Economy News
US Crude Oil Inventories Rise Slightly Less Than Expected
US crude oil inventories increased by 499,000 barrels, slightly less than expected, according to API data. Cushing reserves declined, while gasoline and distillate reserves rose.
Japan's Producer Prices Surge by 3.7% in November, Outpacing Expectations
Japan's PPI rose 3.7% in November year-on-year, beating expectations. The monthly PPI increased by 0.3%, and export prices grew 0.7% year-on-year, while import prices dropped 2.8%.
South Korea's Household Loan Growth: A Slowing Trend Amidst Regulatory Measures
South Korea's household loans grew by 5.1 trillion won in November, showing a slower growth rate compared to the previous month. The bank sector's loan growth significantly decline...
South Korea and AMCHAM Strategize to Attract Foreign Investment Amid Global Trade Shifts
Trade Minister Jeong In-kyo met with AMCHAM to discuss strategies for attracting foreign investment amidst global trade changes. The MOTIE and AMCHAM aim to expand investment, make...
South Korea Accelerates Regulatory Reforms to Boost Semiconductor Industry
Government and business leaders in South Korea convene to discuss and agree on swift improvements to unreasonable regulations, particularly those affecting the semiconductor indust...
South Korea to Announce Supply Chain Plans and Restructure Petrochemical Industry
South Korea's government plans to announce supply chain strategies for semiconductors and batteries, and induce restructuring in the petrochemical industry. Deputy Prime Minister C...
Enterprise Boom: Over 218,500 Businesses Established and Resuming Operations in 11 Months
In November, nearly 11,200 new enterprises were established with total registered capital of VND138.6 trillion. Over 7,700 enterprises resumed operations, while more than 96,200 su...
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