February 26, 2024

By Erwin Seba HOUSTON (Reuters) – Oil prices gained on Monday as European diesel demand, constrained by Russian sanctions and shipping disruptions, pulled prices higher in a market jittery with U.S. refinery output limited by planned overhauls, analysts said. Brent crude futures settled with a gain of 91 cents, or 1.11%, at $82.53 a barrel….

By Melanie Burton and Echha Jain MELBOURNE (Reuters) -U.S. aluminium producer Alcoa on Monday made a $2.2 billion all-stock buyout proposal for its Australian joint venture partner Alumina, in a deal that would give it greater upstream exposure and simplify its operations. Alumina’s only asset is a 40% stake in the Alcoa World Alumina and…