By Laura Sanicola (Reuters) – Oil prices settled higher on Friday, but posted a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market. Brent crude futures settled up $1.29, or 1.2%, to $107.93 a barrel, a day after surging nearly 9% in the biggest …
Oil settles up but posts second consecutive weekly decline Read More »
By Andrew MacAskill and Paul Sandle LONDON (Reuters) – Russian businessman Roman Abramovich transferred a company he controlled with tens of millions of dollars of investments to a director of English soccer club Chelsea on the day Russia invaded Ukraine, UK corporate filings showed. It was the second time Chelsea owner Abramovich moved assets to …
By Brijesh Patel (Reuters) – Gold was on track for its biggest weekly drop in nearly four months on Friday, after demand for the safe-haven metal was hit by hopes of progress in peace talks between Russia and Ukraine as well as a U.S. interest rate hike. Spot gold slipped 0.6% to $1,931.90 per ounce, …
Gold set for worst week since November as safe-haven demand eases Read More »
By Bharat Gautam (Reuters) – Gold dipped on Friday as the dollar strengthened, with prices on course for their biggest weekly fall in nearly four months as some of the safe-haven demand spurred by Russia’s invasion of Ukraine cooled. Spot gold was down 0.3% to $1,937.40 per ounce, as of 1147 GMT. U.S. gold futures …
Gold slips on stronger dollar, set for biggest weekly fall since Nov Read More »
NEW DELHI (Reuters) – Iran is ready to meet India’s energy security needs, its ambassador to India was quoted as saying on Friday, as negotiations continue between the world powers and Tehran on the lifting of sanctions against the OPEC-member. Iran used to be the second-largest oil supplier to India but New Delhi had to …
Iran ready to meet India’s energy needs, Tehran envoy tells New Delhi Read More »
By Nidhi Verma NEW DELHI (Reuters) – India’s crude imports rose in February to 4.86 million barrels per day (bpd), their highest since December 2020, preliminary data from trade sources showed, as refiners cranked up runs to meet increasing demand on better refining margins. Oil imports by Asia’s third-largest economy rose 5% from January and …
India’s Feb oil imports surge as refiners boost runs Read More »
By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks rebounded from early session losses on Thursday as investors weighed economic implications of the Federal Reserve’s surprisingly aggressive interest rate stance, while oil prices surged on supply shortage concerns arising from the Russia-Ukraine conflict. The Fed announced a quarter of a percentage point increase to near-zero …
Wall Street stocks, oil prices rise after aggressive Fed hike outlook Read More »
By Seher Dareen (Reuters) – Gold rose 1% on Thursday, supported by a retreat in the U.S. dollar and Treasury yields, with investors cautiously watching the developments of talks between Russia and Ukraine. Spot gold rose 1% to $1,948.06 per ounce by 11:21 a.m. ET (1521 GMT). U.S. gold futures rose 2% to $1,947.70 per …
Gold bounces on dollar retreat as focus turns to Ukraine crisis Read More »
By Nupur Anand MUMBAI (Reuters) – India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India said in its monthly bulletin on Thursday. “The ongoing geopolitical crisis has heightened the uncertainty clouding the global macroeconomic and financial landscape even as the world economy …
Unfolding global developments poses risks to Indian economy, says RBI Read More »
By Nidhi Verma and Alasdair Pal NEW DELHI (Reuters) -India will study the impact of Western sanctions against Russia while devising a payment mechanism to settle its trade with Moscow, the finance ministry said on Thursday. Russia invaded Ukraine on Feb. 24 in the biggest attack on a European state since World War Two, prompting …
India to study sanctions impact on trade settlement with Russia Read More »
