Tag: Russia

Oil rallies on Saudi and Russian supply cuts for August

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates.

US Imposes Sanctions on Some of Russia’s Biggest Gold Miners

(Bloomberg) — The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.