Oil jumps more than 3pc on concern over more sanctions on Russia
LONDON, Jan 10 (Reuters): Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia.Brent crude futures gained $2.50, or 3.3 per cent, to $79.42 a barrel by 1248 GMT, reaching their highest...
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Gold heads for best week in seven, US jobs data in focus
Gold prices scaled a four-week peak on Friday and were set for their best week in seven, driven by safe-haven demand amid uncertainty over what policies US President-elect Donald Trump will pursue, while markets awaited jobs data for clues on the trajectory of US interest rates, reports Reuters.Spot gold climbed...
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Texas tops US states for renewable energy and battery capacity
LITTLETON, Colorado, Jan 10 (Reuters): Texas is dominating the development of renewable energy generation and battery capacity within the United States, and is estimated to have installed nearly 80 per cent more combined solar, wind and battery capacity than the next largest state.The Lone Star state has 42,000 megawatts (MW)...
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Saudi Aramco and Sonatrach cut LPG prices for January
MOSCOW, Jan 10 (Reuters): Oil producer Saudi Aramco and Algeria's Sonatrach lowered January's official selling prices (OSPs) for liquefied petroleum gas (LPG) by between 1.6 per cent and 6 per cent from December because of weaker demand for the fuel, traders said on Thursday.Aramco's January OSP for propane decreased by...
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Malaysia aiming to become energy, chip making hub, PM says
KUALA LUMPUR, Jan 10 (Reuters): Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the domestic economy, its premier and economic minister said on Thursday.Malaysia is fast becoming a haven in Southeast...
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