NEW DELHI, Feb 19- India's Reliance Industries Ltd, a key buyer of Venezuelan oil, said it was assessing the impact of the latest U.S. sanctions on Rosneft Trading SA, the Geneva- based trading unit of Rosneft that supplies oil to the private refiner. Rosneft accepts oil from Venezuelan state oil company PDVSA as payment for billions of dollars in loans extended to...
MOSCOW, Feb 19- Russia's largest oil producer Rosneft posted a 45% growth in fourth quarter net profit on Wednesday and a 20% growth in 2019 crude oil sales despite the impact of a pipeline contamination and global efforts to cap output. Rosneft reported its financial results a day after the United States imposed sanctions on its Geneva- based Rosneft Trading SA...
*Hubei capital Wuhan steps up containment measures. BEIJING, Feb 19- The death toll from the new coronavirus in mainland China passed 2,000 on Wednesday although the number of new cases fell for a second straight day, as authorities tightened already severe containment measures in the worst-hit city of Wuhan. The latest figures bring the total number of cases in...
*New infections fall for second day in Hubei. *Experts say too early to tell if China outbreak contained. The latest figures bring the total number of cases in China to over 74,000 with about 2,000 deaths.
WASHINGTON, Feb 18- The United States on Tuesday ramped up pressure on Venezuela by blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration said provides a financial lifeline to President Nicolas Maduro's government. The U.S. Treasury Department imposed sanctions on Rosneft Trading SA, the Geneva- based...
*Russia confirms OPEC+ meeting expected on March 6. NEW YORK, Feb 18- Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in supply from Libya. Asian shares fell and Wall Street also retreated after Apple Inc said it would miss quarterly revenue...
*Russia confirms OPEC+ meeting expected on March 6. NEW YORK, Feb 18- Oil prices edged lower on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China and a lack of further action by OPEC and its allies to support the market. Though new cases of the coronavirus in mainland China have dipped, global experts said it was too...
WASHINGTON, Feb 18- The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration has said provides a lifeline to President Nicolas Maduro's government. The sanctions imposed by the U.S. Treasury Department increase pressure on...
WASHINGTON, Feb 18- The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump's administration has said provides a lifeline to President Nicolas Maduro's government. The sanctions announced by the U.S. Treasury Department increase the pressure on...
WASHINGTON, Feb 18- The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian oil firm Rosneft that President Donald Trump's administration has said provides a lifeline to President Nicolas Maduro's government. The United States also issued a general license allowing companies 90 days to wind down...
*Russia's Justice Ministry says will appeal. That decision had been overturned in April 2016 by The Hague District Court. Russia's Justice Ministry has said it will challenge the appeals court ruling at the Dutch Supreme Court.
PRAGUE/ BUDAPEST, Feb 18- Hungary's forint held near a four-week high on Tuesday while interbank market rates continued their steep climb after the central bank's hawkish turn on inflation last week. Other central European currencies gave up some gains after hitting highs in the previous week, including the Czech crown's rise to its strongest level since...
MOSCOW, Feb 18- The Kremlin said on Tuesday that Russian Energy Minister Alexander Novak was still in talks with Moscow's OPEC and non- OPEC allies about the future of their global oil output pact. OPEC has been trying to persuade Russia to join deeper oil production cuts. OPEC and non OPEC allies are due to meet in March to discuss further cooperation.
*Tripoli gov't appears less dependent on oil than before. CAIRO/ BENGHAZI, Libya, Feb 17- Libya's combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa's largest petroleum reserves. He is an ally of Commander Khalifa Haftar, whose self-styled Libya National...
*Tripoli gov't appears less dependent on oil than before. CAIRO/ BENGHAZI, Libya, Feb 17- Libya's combatants are readying for a long conflict, as foreign weapons flood in, tribesmen close oil ports and rival alliances wrangle over revenues from Africa's largest petroleum reserves. He is an ally of Commander Khalifa Haftar, whose self-styled Libya National Army...
A report on Friday that Fiat Chrysler plans to close a plant in Serbia due to a lack of parts added to fears that ties to China leave Europe's economy vulnerable. "We had some first indications that this might be starting to impinge on the global supply chain this morning with Chrysler shutting one of their factories in Eastern Europe because of shortage of...
MOSCOW, Feb 14- Internet company Yandex, which reported lower growth in fourth-quarter profit on Friday, is poised to test its driverless cars outside Russia this year. Yandex has invested 2.2 billion roubles in driverless cars since it began working on the technology in 2016, the company's Deputy CEO Tigran Khudaverdyan said on Friday. "Since the beginning of...
MINSK, Feb 14- Belarus will start taking oil from the Druzhba transit pipeline if Russia does not supply it with the required volumes of crude, the Belarusian president said on Friday, the state news agency Belta reported. Belarus and Russia, a major global oil exporter, have failed to agree terms for oil supplies for 2020. Lukashenko said earlier on Friday that...
*Russia's central bank gold demand fell by 42% in 2019. MOSCOW, Feb 14- Russia's central bank has maintained the discount at which it buys gold for its reserves at December's peak level, it told Reuters on Friday, potentially prompting more local producers and bankers to export the metal. The central bank remains the largest buyer of gold produced in Russia, but...
Feb 14- The Hungarian forint paced regional gains on Friday morning, reacting to robust GDP growth and verbal intervention from the National Bank of Hungary against recent marked currency weakening. The National Bank of Hungary is the most dovish in the region and has kept its benchmark rate at a record low of 0.9% since 2016. Hungary's economic growth slowed...
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