Connect with us

Business

Oil posts biggest monthly gain in a year on tight supply, Ukraine tensions

Published

on

Oil posts biggest monthly gain in a year on tight supply, Ukraine tensions

Oil prices rose to the end of January on Monday, posting their biggest monthly gain in a year on supply shortages and political tensions in Eastern Europe and the Middle East.

The most-active Brent contract for April delivery rose 74 cents, or 0.8%, to settle at $89.26 a barrel. The front-month contract for March delivery, which expires at the close, was up $1.18, or 1.3%, at $91.21.

U.S. West Texas Intermediate crude gained $1.33, or 1.5%, to settle at $88.15 a barrel.

Advertisement

The benchmark index hit its highest level since October 2014 on Friday, at $91.70 and $88.84, its sixth straight weekly gain. They are up about 17% this month, their biggest gain since February 2021.

Market analysts and Reuters sources widely expect OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, to maintain its policy of gradually increasing output when it meets on Wednesday.

OPEC+ producers have boosted output by 400,000 bpd per month since August.

Louise Dickson, senior oil market analyst at Rystad Energy, said: “A 400,000 bpd monthly supply increase is either too inconsequential for the market to appreciate, and more importantly, the group has not fully achieved that. “

Advertisement

“As a result, the only short-term solution to balance the undersupplied oil market will need to come from OPEC+ and be dominated by Saudi Arabia, the producer with the largest spare capacity.”

However, OPEC’s oil output in January again fell short of the planned increase in a deal with allies, a Reuters survey found, underscoring the difficulty some producers have struggled to increase output even at seven-year highs.

Geopolitical tensions involving major oil producers Russia and the United Arab Emirates intensified in January.

Europe needs to diversify its energy supplies, the NATO chief said on Sunday, as Britain warned Russia was “very likely” to try to invade Ukraine.

Advertisement

Markets were also wary of the Middle East after the UAE said it had intercepted a ballistic missile fired by Yemen’s Houthis, as the Gulf state hosted Israeli President Isaac Herzog on the first such visit.

Complete News Source : Business Standard

Advertisement

Trending

Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

Published

on

By

Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

Advertisement

The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

Advertisement
  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

Advertisement

In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement
Continue Reading
Anyskill-ads

Facebook

Trending