Advertising

Keywords: Reserves


Oil prices fall as Trump eyes Venezuela's vast reserves

Oil prices dropped on Monday as markets weighed President Trump's plan to overhaul Venezuela's energy infrastructure and tap the world's largest proven crude reserves following the capture of President Nicolás Maduro over the weekend. West Texas Intermediate, the U.S. benchmark, fell......

Morocco’s dams reach 42.5% capacity after recent rainfall

Following recent rainfall across the country, Morocco’s dams have recorded a noticeable improvement in water reserves. As of January 5, 2026, the overall dam filling rate stands at 42.5%, representing a total volume of 7.12 billion cubic meters, according to data published on the national water......

Bouregreg-Chaouia basin dams reach average fill rate of over 88%

Water reservoirs in the Bouregreg-Chaouia basin have reached a high average storage level, reflecting a significant improvement in water availability compared with last year. According to data released by the Bouregreg-Chaouia Hydraulic Basin Agency, dams in the region recorded an average fill rate of......

Moroccan dirham strengthens against the dollar but weakens versus the euro

The Moroccan dirham recorded mixed movements on the foreign exchange market during the week from December 18 to 24, 2025, according to data released by Bank Al-Maghrib. Over this period, the national currency appreciated against the US dollar while showing a slight decline against the euro. Central......

China strengthens control over global oil prices as strategic stockpiles reach record levels

China has emerged as the key force shaping global oil prices, overtaking OPEC+ by using large-scale crude imports and strategic stockpiling to stabilize and influence the market. As the world’s largest oil importer, Beijing now sets the effective boundaries for price fluctuations through inventory......

Morocco urged to establish strategic grain reserves to bolster food security

Morocco’s Competition Council has issued a stark warning about the nation’s lack of strategic grain reserves, leaving the market vulnerable to shocks caused by droughts, global instability, or geopolitical crises. The Council emphasized that building such reserves is critical to ensuring......

XRP exchange reserves soar past 1.2 billion tokens in 24 hours, signaling market shifts

XRP, the cryptocurrency closely associated with Ripple, has experienced a dramatic surge in exchange reserves, with over 1.2 billion tokens moved into exchange wallets within just 24 hours. This sharp influx has sparked speculation about potential market moves and price volatility. Binance leads the......

Moroccan diaspora remittances reach record $13 billion in 2024, bolstering economic stability

Moroccan diaspora remittances reached a historic high of MAD 119 billion ($12.8 billion) in 2024, reflecting a 3.3% increase from the previous year, according to Morocco’s Foreign Exchange Office. These financial inflows continue to play a critical role in Morocco’s economic strategy, contributing......

California Republican criticizes Democrats for blocking offshore oil project revival

California's top Republican in the State Senate, Brian Jones, has praised the Trump administration for reviving the Santa Ynez Unit oil project off the state's coast. This comes after years of opposition from prominent Democrats, including Rep. Adam Schiff, following the 2015 shutdown caused......