By Asha Sistla (Reuters) – Gold prices jumped more than 2% on Thursday to their highest in over a year and palladium extended a rally as Russia launched an all-out invasion of Ukraine after President Vladimir Putin authorised what he called a special military operation. Spot gold XAU= climbed 1.8% to $1,941.50 per ounce by …
By Nidhi Verma and Florence Tan SINGAPORE (Reuters) -Indian Oil Corp, the country’s top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data. The opportunity for India to buy more of the Russian flagship grade that typically heads to Europe …
India’s IOC buys first Russian Urals crude in 2 years after prices slump Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares plunged more than 3% and the rupee saw its worst drop in over three months on Thursday, after Russia attacked Ukraine, sending oil prices higher and stoking inflation worries. Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday, officials and …
Indian shares, rupee tumble as Russian forces invade Ukraine Read More »
(Updates prices) By Seher Dareen (Reuters) – Palladium rose 4.5% to a near six-month peak on Wednesday, driven by fears of a hit to supply from top producer Russia, while gold firmed above the key $1,900 level as Ukraine declared a state of emergency. Russia is the world’s third-largest producer of gold, while the country’s …
Palladium hits near 6-month high, gold rises as Ukraine tensions mount Read More »
By Seher Dareen Feb 23 (Reuters) – Palladium rose over 3.2% on Wednesday, adding to gains in the autocatalysts driven by fears of a hit to supply from top producer Russia, while gold rose above the key $1,900 level with focus on developments in the Ukraine crisis. Russia is the world’s third largest producer of …
Palladium rallies, gold rises above $1,900 with focus on Russia Read More »
By Seher Dareen (Reuters) – Indian refiners’ crude oil throughput rose in January, holding near 21-month highs reached in November, with fuel demand and refinery runs expected to grow further on the back of a strong economic recovery. Crude oil throughput in January was however down 0.5% year-on-year to 5.13 million barrels per day (21.71 …
India’s refinery throughput stays firm with strong recovery in sight Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Uncertainty over sunflower oil supplies due to the conflict between Russia and Ukraine is spurring demand for rivals palm oil and soyoil, fuelling a red-hot vegetable oil market. The Black Sea accounts for 60% of world sunoil output and 76% of exports, so the uncertainty over how the crisis …
Ukraine crisis threatens sunoil supply, fuels vegoils rally Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares ended lower for a sixth straight session on Wednesday, with automobile and financial stocks falling the most ahead of the expiry of monthly derivatives contracts. The blue-chip NSE Nifty 50 index fell 0.17% to 17,063.25 at close, and the S&P BSE Sensex was down 0.12% at 57,232.06. Both …
NEW DELHI (Reuters) – India could become a global green energy superpower with exports of clean energy rising to $500 billion over the next 20 years, Mukesh Ambani, chairman of oil-to-telecom conglomerate Reliance Industries, said on Wednesday. Indian companies including Reliance have announced plans worth billions of dollars to boost India’s renewable energy capacity including …
India could export $500 billion in green energy over 20 years, Reliance’s Ambani says Read More »
(Reuters) – Gold steadied below the $1,900 level on Wednesday after hitting a nine-month high in the previous session due to the Ukraine crisis, with investors focusing on inflationary risks and the likelihood of tighter monetary policies by central banks. Spot gold was steady at $1,895.43 per ounce by 0731 GMT, after scaling to its …
Gold flat as higher U.S. yields counter safe-haven bids Read More »
