Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year.
Citigroup Inc predicts that wildcards including war, Middle East tensions, Donald Trump and Kim Jong Un driving crude toward $80 a barrel.
India’s oil consumption in 2017 expanded at the slowest pace in four years as a surprise ban on high-value currency notes and a new national sales tax weakened the economy.
Oil surged to the highest intraday level since December 2014 amid optimism global markets are finally tightening. Futures extended gains to as much as 1.7 percent in New York.
Nearly 40,000 fishing vessels on Kerala coast have been told to keep the state government, national security agencies, coast guards, the Navy and marine police in the know of their movements.
India has set an ambitious target to log Rs 20,000 crore coir exports by 2022. This would also translate to creating additional 20 lakh jobs in this sector, according to minister of state for micro, small and medium enterprises Giriraj Singh.
Coffee exports from India, the third-largest producer in Asia, is set to drop this year as unfavourbale weather and pest attacks is likely to lower production amid slump in the prices.
After a good season last year, Farmer Producer Companies (FPC) in Maharashtra are struggling to get a foothold in the procurement of tur (arhar) this season.
The gems and jewelery sector in the country is still feeling the after-effects of demonetisation, said the All India Gems and Jewellery Trade Federation (GJF).
Turmeric prices are under pressure in the near term due to higher arrivals in the terminal markets and lower exports, traders said.
It is very tempting to look back at the end of the year to what the domestic steel industry has achieved and what has been missed.
The petrol price in Delhi on Saturday once again hit Rs 70 per litre, the first time since the excise duty cut was announced by the Narendra Modi government on October 4 last year.
Premier exchange BSE, which is ready to launch commodities derivatives as and when the regulator comes out with detailed regulations, will enter the segment with non-agri products such as bullion, base metals, crude, and natural gas among others.
The Brent Crude Oil price on Thursday touched a near three-year high at $68.27 per barrel supported by unrest in Iran raising concern about risks to supplies, cold weather in the United States boosting demand and OPEC-led output cuts.
Company likely to go by enterprise valuation rather than market capitalisation for government stake.
Gold prices have advanced Rs 1,050 per 10 grams in last 18 days of trading at the bullion market of national capital Delhi. On the other hand, silver coins got costlier by Rs 3,000 in the corresponding period.
Palladium inventories in warehouses tracked by Nymex shrank 25 percent in December, capping a fourth straight annual decline, the longest streak since 2000.
Stock speculation will get ahead of itself in 2018, leading to a short correction for the S&P 500, while oil will vault above $80 as “populism, tribalism and anarchy spread around the world,” according to Byron Wien’s annual list of surprises.
The Brent Crude Oil price was down 2 cents but still at $66.55 per barrel on Wednesday, seen inching towards $70 in near future.
The country’s onion production is estimated to decline by 4.5 per cent to 21.4 million tonnes in the current 2017-18 crop year due to lower acreage, as per the agriculture ministry data released today.
For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.
The longest winning streak in two decades propelled cotton to 2017’s biggest increase among crop commodities, and hedge funds are ready for more gains in 2018.
Industry body CII on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be abolished to protect farmers’ income.
Chana, the only pulse trading on the futures platform, is showing below rates with respect to the spot prices.
The Cotton Association of India (CAI) has retained its December estimate of the cotton crop for 2017-18 crop year at 375 lakh bales which is the same level as previous forecast.
The Gujarat government has asked all the districts to increase the storage capacity for groundnut in a bid to restart the procurement process.
Oil Minister Dharmendra Pradhan today called upon states to cut sales tax or VAT on petrol and diesel to provide relief to consumers.