Oil

Oil
Oil

Commodity wrap: silver leads commodity rally with record highs as gold, oil climb

Gold and crude oil rose on Thursday even as silver prices outshined all non-agricultural commodities with its impressive rally so far this month.  Silver prices have risen 12% in the past four sessions, and have hit record highs. The rally has outperformed gold, which has risen 5% since last week.  Meanwhile, oil prices were 1%

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Oil

Spare capacity shields Russian oil refineries from Ukraine’s drone offensive

Despite facing Ukraine’s most significant drone attacks so far, Russia’s oil processing has only declined by a mere 3% this year.  Russian refineries have managed to prevent a sharp drop in fuel production by utilising spare capacity to compensate for the damage inflicted by the strikes, Reuters quoted sources and data in a report. In

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Oil

Judge denies Venezuela and Gold Reserve motions in Citgo auction dispute

A US judge has rejected motions filed by Venezuela and Canadian miner Gold Reserve to disqualify himself, a court-appointed officer, and two advising firms overseeing the auction of shares in the parent company of US refiner Citgo Petroleum. These moves were submitted by Venezuela and Canadian miner Gold Reserve. In one of the most carefully

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