LONDON (Reuters) – Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as a fair price that the global economy can absorb, sources familiar with government thinking in the two countries told Reuters. The Organization of the Petroleum Exporting Countries, Russia and other allies, known as

ROME (Reuters) – Italy approved on Friday a new aid package worth some 14 billion euros ($14 billion) to shield firms and families from surging energy costs and consumer prices, government officials told Reuters. Probably the last major act by Prime Minister Mario Draghi before the Sept. 25 national election, the new package comes on

BERLIN (Reuters) -Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year. The economy ministry said it was putting a unit of Russian oil firm

Gold price has fallen steadily since March as central banks indicate tighter monetary policies for the rest of the year. Subsequently, economists at ANZ Bank have downgraded their XAU/USD short-term forecast to $1,600. Haven demand remains subdued  “We now think USD strength will last longer than we had thought. Labour resilience means the Fed will have to hike