Oil prices rise, but Chinese demand worries linger
LONDON, Nov 25 (Reuters): Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.Brent crude futures were up $1.29, or 1.5 per cent, to trade at $86.63 a barrel at 1024 GMT.US...
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Gold subdued on dollar advance; eyes modest weekly gain
Gold prices eased on Friday as the US dollar regained some ground, but expectations of less aggressive interest rate hikes from the Federal Reserve set bullion up for a small weekly gain, reports Reuters.Spot gold was down 0.1 per cent at $1,753.06 per ounce by 1044 GMT, coming off a...
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UK energy price freeze 'to cost 23 billion this winter'
LONDON, Nov 25 (AFP): Britain's household energy price guarantee will cost some £ 23 billion ($28 billion) this winter, analysts estimated Thursday after regulator Ofgem lifted its cap on electricity and gas charges.The state's outlay for the policy, aimed at easing a cost-of-living crisis, will stand at £ 950 per...
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EU to work with Bangladesh more comprehensively: Mora
Deputy Secretary General of the European External Action Service Enrique Mora says Bangladesh has grown economically in a "very impressive way" and the European Union (EU) wants to work together with this "important actor" to enhance the level and quality of bilateral relations, reports UNB."It's (Bangladesh) now an actor that...
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Putin warns of 'grave consequences' to oil price caps
MOSCOW, Nov 25 (AFP): Russian President Vladimir Putin warned Thursday that Western plans to introduce oil price caps could have "grave consequences" for energy markets, speaking during a telephone conversation with Iraq's prime minister."Vladimir Putin stressed that such actions are contrary to the principles of market relations and are highly...
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