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Oil retreats further with OPEC spare production to fill any sudden gap in supply

National News: Morning digest: April 02, 2022

Morning digest: April 02, 2022 : Rashtra News #Morning #digest #April Day after unrest, Sri Lanka government declares EmergencyPresident Gotabaya Rajapaksa declared a state of Emergency in crisis-hit Sri Lanka, a day after angry citizens converged in front of his residence demanding his immediate resignation. An extraordinary gazette notification issued late on Friday said the

Gold bounces to historic highs as poor ISM Services PMI weakens US Dollar

Gold price (XAU/USD) recovers intraday losses and rebounds to fresh all-time highs near $2,280 in Wednesday’s early New York session.

Putin warned of rebellion in Russia as economy in peril: 'House of cards crashing down!' | World | News

A Russian economist warned that Russia will be hit with a 'deep recession' that could cause social unrest.

USD/CAD remains depressed amid bullish Oil prices, manages to hold above 1.3500 mark

The USD/CAD pair extends its recent pullback from the 1.3610-1.3615 supply zone, or the YTD peak and remains under some selling pressure for the sixth successive day on Monday.

13 Million Barrels Daily: Biden Administration Sets New Oil Production Record Despite Green Energy Promises

More Than 10% of Russia's Oil-Processing Capacity Hit by Ukraine This Week, DNB Markets Says

Russia diverts LNG supplies for Asia around Africa to avoid Red Sea, LSEG data shows

Russia diverted LNG cargoes to China via Cape of Good Hope to avoid Houthi attacks in the Red Sea. The Suez canal route is risky, so they are taking an extended route around Africa, adding 10 days to the journey. Insurance premiums for ships are also increasing due to the conflict.

Turkey, Brazil became main importers of Russian seaborne oil products in 2023

Turkey, Brazil became main importers of Russian seaborne oil products in 2023

India-Russia Oil Imports: "If They Don't Offer Discount...": Minister Hardeep Singh Puri As Russian Oil Imports Drop

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, Oil Minister Hardeep Singh Puri said on Wednesday.