Saudi Aramco increases Feb oil prices for Asia
RIYADH, Jan 6 (Arab News): Saudi Aramco has raised its crude oil prices for Asian customers in February, marking the first increase in three months, according to an official announcement made on Monday.The official selling price for the benchmark Arab Light crude has been raised by 60 cents per barrel,...
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RAKUB holds Rajshahi divisional confce
RAJSHAHI, Jan 06: The divisional annual conference of Rajshahi Krishi Unnayan Bank (RAKUB) was held at Rajshahi University in Rajshahi on Monday.Over 200 officials of the bank participated in the conference, with Chairman of the bank Prof Dr Mohammad Ali as the chief guest.RAKUB Managing Director Niranjan Chandra Debnath, Deputy...
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Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term
US President Joe Biden will ban new offshore oil and gas development along most US coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse, reports Reuters.The White House said on Monday Biden will use his authority under the 70-year-old...
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Indian wheat prices surge to record high
MUMBAI, Jan 6 (Reuters): Indian wheat prices jumped to a record high on Monday due to dwindling supplies amid robust demand from flour mills that are struggling to secure the grain to operate at full capacity, industry officials told Reuters.The record prices are likely to lift retail inflation, which eased...
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Rising yields dampen gold prices as traders look to US data
Gold prices retreated on Monday as US Treasury yields firmed, while investors' attention turned to economic data for clues on the Federal Reserve's interest rate trajectory in 2025 after the central bank flagged a slower pace of rate cuts this year, reports Reuters.Spot gold fell 0.2 per cent to $2,633.03...
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