SIGN UP LOGIN

Commodities

UPDATE 3-Total’s North Sea oil platforms hit by 24-hour strike

* Use of stored crude to mitigate any oil supply disruption * Gas traders say strike has curbed flows to shore * Wholesale gas, oil prices higher * Further strike days planned (Adds details, updates prices) By Julia Payne and Shadia Nasralla LONDON, July 23 (Reuters) – Around 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption. 

PRECIOUS-Gold slips towards one-year lows as dollar recovers

* Dollar continues rise against China’s yuan, India’s rupee * Trump spat with Iran has little effect on gold prices * Gold hovers above strong technical support at $1,200-$1,220 * Prices likely to revive towards $1,300- Reuters poll (Updates prices, adds Reuters polls) By Peter Hobson LONDON, July 23 (Reuters) – Gold prices on Monday slipped towards one-year lows as the dollar continued to strengthen against the currencies of key bullion consumers China and India. 

UPDATE 1-Britain to hand out 557 mln pounds of renewables funding via auctions

(Updates with company comment, adds detail) By Nina Chestney LONDON, July 23 (Reuters) – The British government said on Monday it will distribute up to 557 million pounds ($732 million) in subsidies for less-established renewable energy sources through auctions that will take place every two years from mid-2019.