Month: April 2023

Reuters exclusively reported that Russia’s largest oil producer Rosneft (ROSN.MM) and India’s top refiner Indian Oil Corp (IOC.NS) agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil to India. The larger volumes and change in Russian oil pricing highlight closer ties between Moscow and India, which has […]

Reuters exclusively reported that Valero Energy Corp (VLO.N), the second-largest U.S. oil refiner, is seeking Washington’s permission to import Venezuelan crude, hoping for a repeat of the approval granted to Chevron Corp (CVX.N) in November after a four-year ban. The post <strong>Refiner Valero seeks US approval to import Venezuelan oil</strong> appeared first on Reuters News […]

Reuters was first to report that markets were closely watching the Central Bank decision on Thursday as Egypt struggles to contain the impact of a long-running foreign currency shortage, inflation at five-year highs and a rising debt burden. Recent Reuters analyses laid out how the Egyptian pound had come under renewed pressure and a program […]