Saudi Arabia, Russia and other oil producers in a global coalition are meeting in Jeddah this weekend to consider whether they’ll need to continue keeping supplies restrained during the second half of the year.
US West Texas Intermediate (WTI) crude futures were at $63.18 per barrel, up 31 cents, or 0.5%, from their previous settlement. WTI closed up 1.4% in the previous session.
India meets more than 70% of its domestic edible oil demand through imports. The country imports 150-160 lakh tonne of vegetable oils (edible & non-edible) per annum.
Gold prices have largely remained muted for about the last two months, after starting to fall in January this year, despite escalating global tensions, which should have ideally spurred demand.
The Centre has set the wheat procurement target at 35.7 million tonne for the 2019-20 marketing year (April-March) on hopes of a record 100 million tonne production this year.
The state-run oil marketing companies have hiked the diesel prices while keeping the petrol prices unchanged on Thursday across Delhi, Mumbai, Kolkata and Chennal. In Delhi, diesel is selling at Rs 65
Comments from Trump that auto tariffs are to be delayed for six months pushed equity markets higher, which is pressuring gold, said Bob Haberkorn, senior market strategist at RJO Futures.
Disproving doomsayers, price of natural rubber (NR) has caught a bounceback trend that is sending the growers back to rubber sapling replanting turf. Price of premium grade Ribbed Smoked Sheet (RSS-4)
The Saudi state news agency quoted Energy Minister Khalid al-Falih as saying that Aramco had halted pumping on the East-West pipeline until the damage was evaluated, but that production and exports we
Houthi rebels in neighboring Yemen -- who have long received backing from Iran -- said earlier that they had targeted key Saudi installations with drones.
The state-run oil marketing companies have slashed the fuel prices across major cities on Tuesday. While the petrol rates have been reduced by 25-26 paise a litre, diesel prices have been cut by 12-13
The trade war between the world's two leading economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after Trump said Beijing "broke the deal" by r
The United States Department of Agriculture (USDA), which had estimated the Indian cotton production estimate for the 2018-19 crop year at 345 lakh bales (of 170 kg each), have now reduced their lates
With the US ending sanctions exemption to India for importing Iran oil after May 1, Iranian foreign minister Mohammad Javad Zarif is reaching India late on Monday night and will meet external affairs
Prices had been struggling in recent weeks against a backdrop of increasing trade tensions between the U.S. and China, which damped the macroeconomic outlook.
State-run oil marketing companies have cut the fuel prices on the fifth consecutive day on Fifth consecutive day across major cities in India. While the petrol prices have been cut by 29-32 paise per
State-run oil marketing companies have cut the fuel prices on the second consecutive day on Friday across major cities in India. While the petrol prices have been cut by 20-23 paise per litre, diesel
WTI closed the last session down 0.7 percent. Analysts said oil was drawing support on renewed hopes that a China-U.S. trade deal after U.S. President Donald Trump said he received a "beautiful letter
According to the analyst, a price hike of Rs 30-50/bag in a month is unusual and hence all stakeholders are on tenterhooks that whether this unusual price hikes would sustain.
