Author: Lucas

Firm explains PMS pricing amid soaring global crude oil price Dangote Petroleum Refinery & Petrochemicals yesterday laid bare the cost of its crude oil purchase, insisting that products sourced locally and international by the refinery are paid for in dollars and dollar equivalent in naira. The Refinery, in a statement, explained that Nigerian crude oil, that is Bonny Light, is more expensive than the Brent which as at yesterday sold at $85 per barrel. “It is worth noting that Nigerian crude oil is more expensive than the Brent benchmark price by $3 to $6 per barrel. After adding freight of…

Indian refiners step up purchases of Russian crude stranded on tankers after a 30-day US waiver, as Strait of Hormuz disruption and West Asia conflict raise supply fears. New Delhi taps cargoes at sea … Source link

Cruising continues to be a favourite holiday option for Australians, combining comfort, convenience, and the opportunity to explore multiple destinations in one seamless journey. From island-hopping through the South Pacific to discovering the glaciers of Alaska or sailing the Mediterranean coast, a cruise is often a major financial commitment. That’s why knowing the right time to arrange cover is just as important as selecting the perfect itinerary. Taking out cruise travel insurance at the right stage of your booking can significantly strengthen your protection. It can safeguard your deposit, cover unexpected cancellations, and give you confidence from the moment you…

Cutting Russian oil purchases helped New Delhi avoid 25% tariffs and clinch ​an interim trade deal with the US. Reuters 06 March, 2026, 09:30 am Last modified: 06 March, 2026, 09:31 am A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo”> A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Indian refiners are buying millions of barrels ‌of prompt Russian crude oil cargoes as the South Asian nation seeks to navigate an oil supply crunch triggered…

Gold – Chart Gold (XAU/USD) is chugging along at $5,165, clinging to the underside of the $5,193 resistance zone that previously did duty as a support level. Price remains contained within a rising channel, but more and more lately, we are seeing those prices poking above the channel top – with long upper wicks near $5,420, all that says to me is the sellers are getting a little anxious to step in. That sharp bearish plunge to $5,080 was followed by some pretty uneventful candles, the kind that suggest the short-term picture is consolidating rather than anything more dramatic. The…

Image source: Getty Images When markets turn choppy, I take comfort in the fact that some companies are built to withstand the worst of times. On the FTSE 100, there are several defensive giants that keep ticking along regardless of wider economic instability. These firms sell products that remain in constant demand, making their revenue streams more reliable than most. Such stocks rarely make news headlines, but their resilience often makes them excellent anchors in a long-term portfolio.  My three favourites are Tesco (LSE: TSCO), Reckitt Benckiser (LSE: RKT) and Unilever (LSE: ULVR). Each offers a combination of steady growth,…

Good morning and welcome back. In today’s newsletter:Energy prices soar for a second dayInside the operation to assassinate Ayatollah Ali KhameneiBlackstone’s flagship private credit fund hit by outflowsAnd can looking at paintings slow dementia?We begin today with the market reaction to day four of the US-Israeli military operation in Iran, as energy prices soared for a second day and equities tumbled after Iran vowed to close the Strait of Hormuz, a vital shipping route. Here’s what you need to know.Energy markets: European natural gas prices soared as the market continued to reel from Qatar’s decision to stop production after Iran…

The United States has allowed India to buy Russian oil for a short period as concerns grow about supply disruptions linked to the Middle East conflict, according to Reuters.Indian refiners have begun buying millions of barrels of Russian crude for quick delivery after Washington issued a temporary waiver allowing purchases of cargoes already stuck at sea. The move comes after months of pressure from the US on New Delhi to cut imports of Russian oil following the Russian invasion of Ukraine. What is the 30-day emergency waiver? The US Treasury Department said the measure will last for 30 days and…

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealthSign up to our free money email for help building your wealthSign up to our free money email for help building your wealthJohn Lewis has said its financial arm is set to expand its insurance operation after becoming an official broker.The employee-owned firm said it is doubling down on its insurance offer a week after abandoning plans to diversify the business through building thousands of rental properties.John Lewis Money has become an insurance broker, regulated and authorised by the UK’s Financial Conduct Authority…

EXPRESS: Bahrain’s key oil refinery BAPCO in flames after ‘Iranian ballistic missile attack’A major oil refinery in Bahrain was attacked with an Iranian ballistic missile as the conflict in the Middle East intensifies.Large orange bursts of fire could be seen burning in the sky in a harrowing video shared on social media. In the wake of the joint U.S.-Israel attack in Iran over the weekend, Tehran has been targeting key locations in the Middle East.On Wednesday, Tehran vowed to completely destroy the economic infrastructure of the Middle East. “The continued mischief and deception by the United States in the region…