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Indian refiners await government advice on Russian oil import halt, sources say
Refiners need time to complete ongoing Russian imports -sourcesShipments already booked would arrive in March, sources sayUS wants India to shift to Venezuelan, US oil By Nidhi Verma NEW DELHI, Feb 3 (Reuters) - Indian refiners have not been told by the government to stop buying Russian oil and w...Reuters
Tue, Feb 3
French Finance Minister may put Forex volatility on G7 agenda
PARIS, Feb 3 (Reuters) - French Finance Minister Roland Lescure said on Tuesday he may put foreign exchange volatility on the G7 agenda depending on global developments.The U.S. dollar has weakened significantly against the euro in the past couple of weeks raising concerns among most central banks.T...Reuters
Tue, Feb 3
Russia's Novak says 'we'll see' how situation develops over Indian oil purchases
MOSCOW, Feb 3 (Reuters) - Russia said on Tuesday it would watch and see how the situation evolves regarding Indian purchases of its oil, after the United States said New Delhi had agreed to halt them.Deputy Prime Minister Alexander Novak told reporters that Moscow had only seen public statements on ...Reuters
Tue, Feb 3
Russia's Novak expects oil demand to pick up in March, April
MOSCOW, Feb 3 (Reuters) - Russian Deputy Prime Minister said on Tuesday that there is currently a balance on the global oil market, while demand will be gradually rising in March and April, when asked about the OPEC+ group's plans on its production policy.OPEC+ agreed to keep its oil output unch...Reuters
Tue, Feb 3
Kremlin says it has heard no statements from India on halting Russian oil purchases
MOSCOW, Feb 3 (Reuters) - The Kremlin said on Tuesday it had heard no statements from India about halting purchases of Russian oil after U.S. President Donald Trump said New Delhi had agreed to stop such purchases as part of a trade accord with Washington.U.S. President Donald Trump announced a trad...Reuters
Tue, Feb 3
PRECIOUS-Gold heads for biggest daily gain since 2008 as investors step in after steep selloff
Gold jumps over 5%, silver up over 9%Gold, silver fell to one-month lows on MondayNo US employment report on Friday due to partial government shutdownBy Noel John Feb 3 (Reuters) - Gold and silver prices rose sharply on Tuesday, with gold set for its biggest daily rise since November 2008, as inv...Reuters
Tue, Feb 3
EUROPE GAS-European prices fall on warmer temperatures, US gas price drop
LONDON, Feb 3 (Reuters) - Benchmark British and Dutch wholesale gas prices fell on Tuesday morning as expectations of warmer temperatures curbed demand, and as the market followed plummeting prices in the U.S. where freezing temperatures eased.The benchmark Dutch front-month contract at the TTF hub ...Reuters
Tue, Feb 3
Soldiers, snow plows in Japan battle deadly winter storms
TOKYO, Feb 3 (Reuters) - Soldiers and swarms of snow plows battled in Japan on Tuesday to clear record-breaking snowfalls that have buried some northern and western cities, as the death toll rose to 30 from winter storms.Japan regularly receives some of the highest snowfall in the world, making it a...Reuters
Tue, Feb 3
India's AWL Agri expects US tariff cuts to boost oil, basmati rice exports
By Praveen Paramasivam and Mridula Kumar Feb 3 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, expects lower U.S. duties to help boost exports of its Fortune-branded basmati rice and edible oils to the United States, a top executive said on Tuesday. Presid...Reuters
Tue, Feb 3
Russia has fuel supply surplus, deputy PM Novak says
MOSCOW, Feb 3 (Reuters) - Russia has sufficient volumes of fuel and even enjoys a fuel surplus, Deputy Prime Minister Alexander Novak said on Tuesday.Novak told Russian lawmakers in a speech that the situation in the Russian oil products market stabilised last autumn.Reuters
Tue, Feb 3
PRECIOUS-Gold set for biggest daily gain since 2008 after two-session rout
Gold's bull run seen intact despite steep pullback- analystsGold jumps over 5%Gold, silver fell to one-month lows on MondayNo US employment report on Friday due to partial government shutdownBy Ishaan Arora Feb 3 (Reuters) - Gold surged over 5% on Tuesday, on track for its biggest daily gain ...Reuters
Tue, Feb 3
RWE And Amazon Sign Power Purchase Agreement For Offshore Wind Power From Nordseecluster B Project
Feb 3 (Reuters) - RWE AG RWEG.DE:AND AMAZON SIGN POWER PURCHASE AGREEMENT FOR OFFSHORE WIND POWER FROM NORDSEECLUSTER B PROJECTWIND FARM IS A JOINT PROJECT BETWEEN RWE (51%) AND NORGES BANK INVESTMENT MANAGEMENT (49%)COMMISSIONING IN EARLY 2027. SECOND PHASE, NORDSEECLUSTER B, WILL CONTRIBUTE AN ADD...Reuters
Tue, Feb 3
Libya plans to boost gas exports to Europe by 2030
By Yousef Saba DOHA, Feb 3 (Reuters) - Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production to nearly ...Reuters
Tue, Feb 3
Impala Platinum expects five-fold profit surge on higher metal prices
Feb 3 (Reuters) - South Africa's Impala Platinum IMPJ.J on Tuesday said it expects its half-year profit to increase by as much as 392%, mainly driven by higher metal prices.The Johannesburg-based miner said in a trading update it expects headline earnings of 9.1 billion rand ($571.19 million) fo...Reuters
Tue, Feb 3
India to ramp up purchases of US oil, arms, aircraft; open some farm access
By Shivangi Acharya NEW DELHI, Feb 3 (Reuters) - India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official, as the two sides reconcile after months of tensions...Reuters
Tue, Feb 3
METALS-Copper gains foothold after hard correction as supply woes persist
Feb 3 (Reuters) - Copper gained a foothold on Tuesday after plunging in the last two sessions, as supply concerns and demand prospects offered support to the red metal. The most-active copper contract on the Shanghai Futures Exchange SCFcv1 climbed 2.60% to close daytime trading at 104,500 yuan ($15...Reuters
Tue, Feb 3
Libya plans to boost gas exports to Europe by 2030
DOHA, Feb 3 (Reuters) - Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production to up to nearly 1 billion st...Reuters
Tue, Feb 3
