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Oil gains capped by uncertainty over sanctions impact

Oil prices crept higher on Wednesday as the market focused on potential supply disruptions from sanctions on Russian tankers, though gains were tempered by a lack of clarity on their impact, reports Reuters.Brent crude futures rose 16 cents, or 0.2 per cent, to $80.08 a barrel by 1250 GMT. US...

Modern scanner at NCT of Ctg port opens soon

CHITTAGONG, Jan 15: The Chittagong Port has installed one scanner at Gate No. 2 of the New-mooring Container Terminal (NCT), which is running on a trial basis. The FS 6000 model scanner procured by the National Board of Revenue (NBR) will be inaugurated this month, sources said. On Sunday, members...

Brazil orange juice exports volume falls 20pc from July to Dec

SAO PAULO, Jan 15 (Reuters): Brazil's exports of orange juice fell 19.7 per cent in the first six months of the 2024/25 crop when compared to the same period in the previous season, exporters' group CitrusBR said on Wednesday.The Latin American nation exported about 535,600 metric tons of orange juice...

Gold firms as dollar, yields slip; US inflation data looms

Gold prices firmed on Wednesday as the US dollar and Treasury yields retreated, while market participants awaited US inflation data for clues on the Federal Reserve's interest rate strategy, reports Reuters.Spot gold gained 0.4 per cent to $2,687.59 per ounce by 1107 GMT. US gold futures were up more than...

Trump's energy department pick to call for more LNG and nuclear power

WASHINGTON, Jan 15 (Reuters): Chris Wright, President-elect Donald Trump's pick to head the US Energy Department, will tell US senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power.Wright, 59, believes fossil fuels are the key to ending...

Aramco's lithium project promising but not yet commercial, minister says

RIYADH, Jan 15 (Reuters): Saudi Arabian state oil giant Aramco's project to extract lithium is "promising, but not yet commercially viable", the kingdom's mining minister told Reuters on Wednesday.Aramco has partnered with the King Abdullah University for Science and Technology (KAUST) for the pilot, Bandar Alkhorayef said.Lithium Infinity, also known...