SINGAPORE, Mar 19 (Reuters): Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.US sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising US output.US West Texas Intermediate (WTI) futures were...
Read morePrime Minister Sheikh Hasina presiding over a meeting of the Excutive Committee of the National Economic Council (NEC) at the NEC conference room in Dhaka on Tuesday
Read moreOne of the world's biggest aluminium producers has switched to manual operations at its smelting facilities following a cyber-attack, reports BBC.Hydro, which employs more than 35,000 people in 40 countries, says the attack began on Monday night and is ongoing.A spokesman told the BBC that he could not yet confirm...
Read moreBAKU, Mar 19 (Reuters): Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.The Azeri ministry issued the statement on Tuesday following talks in Baku between Azerbaijan's energy minister and Venezuelan...
Read moreThe Indian government has asked state-run banks to step in and save struggling carrier Jet Airlines, according to Reuters.India has urged the banks to swap debt for equity, and take stakes in Jet, the news agency said.With more than $1bn (£750m) in debt, the airline has had to delay payments...
Read moreBENGALURU, Mar 19 (Reuters): Palladium hit its highest ever on Tuesday, crossing the $1,600 an ounce mark for the first time as news that Russia is planning to ban exports of precious metals scrap fuelled concerns over an already supply-constrained market.Spot palladium was up 1.0 per cent at $1,600 an...
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