LONDON, June 24 (Reuters) - Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.US Federal Reserve Chair Jerome Powell said on Thursday the...
Read moreMOSCOW, June 24 (Reuters): Russia is increasing gasoline and naphtha supplies to Africa and the Middle East as it struggles to sell fuel in Europe, while Asia is already taking bigger volumes of Russian crude, Refinitiv Eikon data showed and sources said. The development is likely to increase competition for...
Read morePhysical gold dealers offered bigger discounts in India this week to lure buyers as the wedding season concluded, while some consumers in China bought bullion to hedge against growing economic concerns, reports Reuters.Weddings are one of the biggest drivers of gold purchases in India."Footfalls at jewellery stores are far lower...
Read moreKYIV (Ukraine) June 24 (AFP): Ukraine on Thursday urged the leaders of countries in Africa to support Kyiv in its war with Russia and pressure Moscow to allow grain to be exported from Ukrainian ports."It makes sense for African countries to stand by Ukraine," Foreign Minister Dmytro Kuleba told journalists...
Read moreAfter failing to enhance local gas production, state-owned Petrobangla has now initiated a move to modify the current structure of the gas supply agreement (GSA) with future power plants in Bangladesh, reports UNB.UNB has learnt that a draft of the revised GSA was recently sent to the Bangladesh Power Development...
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