Amber Q1 Revenue Reaches $14.9 Million, Setting a New Record
Singapore-based, Temasek-backed cryptocurrency company Amber International announced record revenue and gross profit for the first quarter ending March 31, 2025.
The company reported revenue of $14.9 million and gross profit of $11 million for the quarter. The company attributed this growth to its merger with Nasdaq-listed online marketing service provider iClick, completed in March.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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