Asian refiners see little room for Iranian oil, leaving China as key buyer after US waiver

NEW DELHI/SINGAPORE, June 23 (Reuters): A temporary US sanctions waiver on Iranian oil sales is unlikely to draw orders from well-stocked Asian refiners, leaving independent Chinese refineries as the main buyer, trade sources and analysts said.The US authorised on Monday the sale of crude, petroleum products and petrochemicals of Iranian...

Gold prices drop over 1.0pc

Gold prices dropped more than 1 per cent on Tuesday, as the US dollar strengthened to a one-year high on market expectations of a stricter US Federal Reserve, pressuring the non-yielding precious metal, reports Reuters.Spot gold fell 1.7 per cent to $4,121.09 an ounce, as of 1144 GMT, having touched...