Oil prices stable as investors weigh OPEC+ supply
LONDON, Feb 13 (Reuters): Oil prices steadied on Friday after US inflation data, recovering from an earlier dip on news that OPEC+ is leaning towards a resumption in production increases.Brent crude futures gained 9 cents, or 0.13 per cent, to $67.61 a barrel by 1424 GMT. US West Texas Intermediate...
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Malaysian palm oil posts second weekly loss on selling pressure
JAKARTA, Feb 13 (Reuters): Malaysian palm oil futures posted its second weekly loss on Friday, even as it closed higher on the day, on the back of selling pressure from slow demand. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or...
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Gold trades at discounts in India for first time in nearly a month
Gold started trading at discounts in India this week for the first time in nearly a month as volatile prices deterred buying, while demand was robust in China ahead of the Lunar New Year holiday, reports Reuters.Indian bullion dealers this week offered a discount of up to $12 per ounce...
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India's Reliance wins US licence for Venezuelan oil
NEW DELHI/WASHINGTON, Feb 13 (Reuters): The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the matter said.Following the U.S. capture of Venezuelan President Nicolas Maduro earlier this month, U.S....
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Saudi mining sector surges with 220pc rise
JEDDAH, Feb 13 (Arab News): Saudi Arabia recorded a 220 per cent year-on-year increase in new mining exploitation licenses in 2025, issuing 61 permits, according to a statement from the Ministry of Industry and Mineral Resources. This reflects the attractiveness of the Kingdom’s mining investment environment and the ministry’s ongoing...
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Russia cuts interest rate as growth slows
MOSCOW, Feb 13 (AFP): Russia's central bank on Friday cut its benchmark interest rate to 15.5 per cent from 16 percent as economic growth slows under the impact of the war in Ukraine and Western sanctions.Russia's economy expanded by just 1 per cent last year, a steep drop from growth...
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Air Canada sees surging overseas corporate travel following US trade tensions
MONTREAL, Feb 13 (Reuters): Air Canada sees a near 30 per cent surge in corporate traffic flowing overseas as the country seeks to diversify trade away from the United States, fueling demand for international travel, a company executive said on Friday."We're seeing a lot of corporate demand growth on the...
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