Oil rises on weaker dollar and Russian supply disruptions
LONDON, Sept 1 (Reuters): Oil rose by more than 1 per cent on Monday on concern over supply disruptions stemming from intensified Russia-Ukraine airstrikes as well as a weaker dollar.Brent crude was up 80 cents, or 1.2 per cent, at $68.28 a barrel at 1335 GMT. US West Texas Intermediate...
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EU mulls 10-year tax holiday for jet and shipping fuels
BRUSSELS, Sept 1 (Reuters): European Union countries are considering a 10-year delay to the introduction of EU-wide taxes on aviation and shipping fuels as they seek to push long-delayed energy tax reforms over the line, a draft document seen by Reuters showed.The European Commission proposed an overhaul of energy tax...
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Gold trades near record highs
Gold hit a more than four-month high on Monday to trade around $23 shy of all-time highs, buoyed by US Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the first time since 2011, reports Reuters.Spot gold was up 0.9 per cent at...
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Aramco keeps LPG prices unchanged for Sept
RIYADH, Sept 1 (Arab News): Saudi Aramco has kept its official selling prices for liquefied petroleum gas unchanged for September 2025, maintaining the same levels as the previous month. Propane is priced at $520 per tonne, while butane remains at $490 per tonne, according to an official statement issued on...
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Nigeria signs deepwater oil contract with TotalEnergies
ABUJA, Sept 1 (Reuters): Nigeria has signed a production-sharing contract with TotalEnergies and its local partner South Atlantic Petroleum (Sapetro) for two offshore blocks awarded during the 2024 licensing round, the country's upstream oil regulator said on Monday.The deal covers Petroleum Prospecting Licences 2000 and 2001, and spans about 2,000...
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