Top US and Russian officials met in Saudi Arabia on Tuesday to discuss how to end the war in Ukraine with no one from Kiev present, raising concerns the two powers are pushing too fast for a deal that could sideline Europe.
Saudi Arabia
Crude Oil edges up as supplies remain tight with no SPR release
Crude Oil reversed losses to close slightly higher after another day passed without an announcement from the Biden Administration to tap U.S. crude oil reserves.
OPEC+ To Extend Oil Production Cuts Till April — Neal Bhai
OPEC+ To Extend Oil Production Cuts Till April. The Organization of the Petroleum Exporting Countries Plus, in its latest meeting, agreed to extend production cuts from March to April 2021.
Oil prices up at levels last seen in March on vaccine hopes, EU deal
Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia.
Gold Below $1562, MCX Below 41840 Buy Karna Mana Hai – Neal Bhai
The rate of 10 gram 22-carat gold in Mumbai was Rs 36,535 plus 3 percent GST, while 24-carat 10 gram was Rs 39,886 plus GST. The 18-carat gold quoted at Rs 29,914 plus GST in the retail market.
Crude Oil Plunges to Lowest Since 2017 After Russia Rejects Steep OPEC Cut
Russia balked at OPEC’s proposed steep production cuts to stabilize prices. A Russian high-level source told Reuters that Moscow would not back a call for extra reductions in oil output and would agree only to an extension of existing cuts by the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+.
Crude Oil Up as Saudi Arabia Reports Drone Attacks on Pipeline
Gold Silver Reports (GSR) – Crude Oil prices up as Saudi Arabia reported drone attacks on pipeline, the latest escalation in Middle East tensions.