Oil slips on China lockdown
LONDON, June 10 (Reuters): Oil slipped on Friday as China imposed new COVID-19 lockdown measures and US consumer prices rose more than expected, but crude prices remained on track for another weekly gain due to solid demand for fuels in the United States.Brent crude was down 90 cents, or 0.7...
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Nutrien to boost potash output amid global shortage
Nutrien Ltd, the world's largest fertilizer producer, said on Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage, reports Reuters.Potash prices have soared since the West...
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Gold falls as US inflation data bolsters rate hike bets
Gold prices fell more than 1 per cent on Friday after a jump in US inflation bolstered expectations that the Federal Reserve would continue aggressive interest rate hikes, boosting the dollar and sending bond yields higher, reports Reuters.Spot gold was 1 per cent down at $1,828.40 per ounce as of...
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Saudi cuts July crude supply to some refiners
SINGAPORE, June 10 (Reuters): Saudi Aramco has notified at least five North Asian refiners, mostly Chinese, that it will be supplying less than contracted volumes of crude oil in July, several sources with knowledge of the matter said on Thursday.The cuts to Chinese refiners come as more cheap Russian oil...
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