Oil perks up after sharp week-long selloff on supply, demand concerns
LONDON, Nov 17 (Reuters): Oil prices edged higher on Friday, a day after sinking 5 per cent to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand.Brent futures rose 80 cents, or about 1 per cent, to $78.22 a barrel at 1057 GMT. US West Texas...
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Exxon Mobil plans to invest up to $15b in Indonesia
JAKARTA, Nov 17 (Reuters): US oil major Exxon Mobil is planning to invest up to $15 billion in a petrochemical project and carbon capture and storage (CCS) facilities in Indonesia, President Joko Widodo said in a presidential palace statement on Thursday.The planned CCS facilities would be the biggest in Southeast...
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Gold scales two-week high on expected Fed pause
Gold prices climbed to a two-week high on Friday and were set to mark their first weekly rise in three as market expectations that the US Federal Reserve has finished raising rates weighed on the dollar and Treasury yields, reports Reuters.Spot gold was up 0.4 per cent at $1,988.90 an...
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EU to ban Russian diamonds from start of 2024
BRUSSELS, Nov 17 (Reuters): The European Commission is proposing to ban imports of Russian diamonds and diamond jewellery from the start of 2024 as part of a new sanctions package to curb Russia's ability to finance its invasion of Ukraine, a Commission proposal showed.The proposal, under discussion by ambassadors of...
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