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Russia Imports Indian Fuel as Refinery Crisis Deepens

Russia has started importing fuels from India, Bloomberg reported today, citing Kpler data that shows one cargo of 42,000 tons of gasoline from Nayara Energy’s Vadinar refinery arriving in Russia earlier this month. The Vadinar refinery is partly owned by Rosneft, which supplies the crude oil that is processed at the facility. Those shipments were disrupted last November, after the United States…

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Gold Holds Above $4,370, Silver Slides as Hormuz Risk Meets Inflation Jitters

Gold settled down 0.70% at US$4,371/oz on Tuesday while silver lost 1.59% to US$64.78/oz as a Strait of Hormuz oil spike revived dollar demand ahead of US infla The post Gold Holds Above $4,370…

  • Gold held above $4,370 despite Hormuz risk and inflation concerns
  • Silver declined 1.59% to $64.78 amid stronger dollar and lower equity futures
  • Latin American mining operations, especially Mexico and Peru's, felt the impact

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