Diamond – Rapaport reported that in 2013, ALROSA's (MCX:ALNU) profit fell 5 percent from the previous year, hitting $885.3 million. The fall came as "foreign exchange losses mounted due to a weakening ruble."
Articles Tagged "russia"
Oil – The Moscow Times reported that Rosneft Oil Co. (OTCMKTS:RNFTF), Russia's largest oil company, will begin drilling for oil in the Arctic shelf this year. This follows earlier statements from Rosneft that it will be focusing its future exploration work on off-shore projects, according to the Times.
Palladium – Bloomberg reported today that palladium prices rose to their highest level since 2011 in New York.
Silver – This morning, silver fell 1 percent, or $0.20, to trade at $19.76.
Gold, copper and crude oil are faring well today, but silver is down slightly.
Gold – Gold looks like it could be off to a bullish end to the week.
Diamond – Rapaport reported that India's Gem & Jewellery Export Promotion Council (GJEPC) and Russian diamond producer ALROSA (MCX:ALNU) have signed a memorandum of understanding (MOU).
Gas – Businessweek reported that Russian leader Vladimir Putin is looking to sign a deal to supply pipeline gas to China for the next 30 years. The deal would take place next month, and has become more likely in light of the recent Ukraine crisis, according to the publication.
Gas – Bloomberg reported today that Ukraine is reacting to natural gas price “aggression” from Russia by rejecting higher costs for the energy source.
Gas – The European Union may have given North American oil and natural gas producers the cold shoulder in the past, but now European countries could be considering cross Atlantic suppliers as one possible alternative to Russian gas supplies.