Reuters | September 14, 2017 2:58 AM
Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though U.S. data showed another big increase in domestic inventories due to Hurricane Harvey.
Nanda Kasabe | September 14, 2017 2:42 AM
The PMO (Prime Minister’s Office) is keeping a close watch on the onion prices and its availability in Maharashtra.
Farmers’ participation in futures platform of National Commodity and Derivatives Exchange Limited (NCDEX) is picking up in Gujarat as trading on it has given nearly 20% more returns to the farmers.
FE Online | September 13, 2017 6:41 PM
Refuting the news reports of a possible government intervention to keep the retail fuel prices under check, Oil Minister Dharmendra Pradhan categorically said that the government has “no business to interfere in the day-to-day functioning of the oil marketing companies”.
FE Online | September 13, 2017 3:05 PM
As the petrol and diesel prices have hit three-year highs in some cities, the government seems to have swung into action to protect the consumers from the rising fuel bills, possibly bringing back the ghosts of the era of regulation.
FE Online | September 13, 2017 2:30 PM
The International Energy Agency says that global oil demand will grow at a much faster rate this year than previously estimated.
FE Online | September 13, 2017 3:01 PM
Retail fuel prices have touched a key milestone, that of hitting three-year highs in several cities across the country. The price of petrol in Mumbai has risen to Rs 79.48 per litre, a level last seen in August 2014. The price of diesel is at a three-year high in Kolkata and Chennai.
FE Bureau | September 13, 2017 2:38 AM
Import of vegetable oils during August 2017 was recorded at 13.61 lakh tonne compared to 11.26 lakh tonne in August 2016, up by 21%, according to the import of vegetable oils (edible & non-edible) data complied by The Solvent Extractors’ Association of India (SEAI).
FE Bureau | September 13, 2017 2:34 AM
Coal stocks in NTPC’s 13 (out of 22) power plants are at a critical level despite Coal India monitoring production, despatch and evacuation on a day-to-day basis to rush supply to the plants.
FE Online | September 12, 2017 4:44 PM
India’s fuel demand fell 6.1% in August compared with the same month last year. Sales of gasoline, or petrol, were 0.8% lower from a year earlier at 2.19 million tonnes.
FE Online | September 11, 2017 6:38 PM
In a contract renegotiation deal with global giant ExxonMobil Corp, India has victoriously negotiated a price cut on a 20-year liquefied natural gas (LNG).
PTI | September 11, 2017 3:38 PM
Gold overcame a sluggish global trend by surging Rs 470 to trade at Rs 31,000 per 10 grams today after local jewellers ramped up buying for the festive rush.
Bloomberg | September 11, 2017 12:39 PM
The days of single-use plastic packaging may already be numbered; and with this stuff making up about a quarter of all the plastic used, that will have a profound impact on the petrochemicals industry.
Nanda Kasabe | September 10, 2017 4:18 AM
Sharad Pawar, chairman, Vasantdada Sugar Institute on Saturday said the sugar sector in Maharashtra is in trouble and has lost it’s place as the country’s top producer to Uttar Pradesh
FE Bureau | September 9, 2017 2:27 AM
India’s export of soybean meal and its other value-added products in August is 0.50 lakh tonne compared to 0.27 lakh tonne in August last year, showing an increase of 86% over the same period last year, data collected by the Soybean Processors Association of India said.
Gujarat is seeing a sharp decline in forward contract of cotton for export in the new season.
Nanda Kasabe | September 8, 2017 2:18 AM
The National Agricultural Cooperative Marketing Federation has begun procuring onion in Lasalgaon, the country’s largest wholesale market for the bulb, under the Centre’s price stabilisation fund.
FE Bureau | September 8, 2017 2:11 AM
India’s sugar production will likely rebound in the next marketing year starting October on higher planting in key producing regions, with output in Uttar Pradesh projected to around 10 million tonne for the first time, the Indian Sugar Mills Association said on Thursday.
IANS | September 7, 2017 7:20 PM
Sugar production in Uttar Pradesh is set to cross the 100 lakh tonnes mark in the 2017-2018 season starting October, an official said on Thursday.
PTI | September 7, 2017 1:47 PM
India’s sugar production is estimated to rise 24 per cent to 25.1 million tonnes in the next marketing year starting October on higher sugarcane area, according to industry body ISMA.
FE Online | September 6, 2017 4:09 PM
Multi Commodity Exchange of India is about to launch its first options contract and that too beginning with the favourite precious metal — gold.
Reuters | September 6, 2017 7:21 AM
Gold was up for a fifth day on Wednesday as geopolitical risks over North Korea remained elevated, and as low U.S. inflation concerns left some Federal Reserve officials backing delays in further interest rate hikes.
Reuters | September 6, 2017 6:36 AM
Oil prices dipped on Wednesday as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the US Gulf coast 10 days ago.
Reuters | September 6, 2017 5:07 AM
Gold prices climbed to a one-year high on Tuesday as the U.S. dollar eased and safe-haven buying demand remained robust due to continued concerns over North Korea’s nuclear tests.
Reuters | September 6, 2017 2:36 AM
Crude oil prices rose and gasoline fell by about 3 percent on Tuesday as the gradual restart of refineries in the U.S. Gulf that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.
PTI | September 5, 2017 7:37 PM
A 1,300-km undersea pipeline from Iran, avoiding Pakistani waters, can bring natural gas from the Persian Gulf to India at rates less than the price of LNG available in the spot market, proponents of the pipeline said today.
IANS | September 4, 2017 8:24 PM
Assam’s Numaligarh Refinery Ltd (NRL) on Monday commenced export of High Speed Diesel to Myanmar, an official said.
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