Oil prices: OPEC+ job isn’t done as oil inventory rising, says UAE minister

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.
opec, oil market, economy, commodity market News

Oil extends gains into fourth straight day on Middle East tensions

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.

Oil prices, Middle East tensions, Brent crude futures, WTI crude futures, OPEC , Saudi Arabia, iraq News

Curb illegal soyabean, palm oil imports from Nepal, says SOPA

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.

Likewise, the duty on refined soyabean oil is Rs 25,195 per tonne. (Representational image) News

Gold prices remain muted as geopolitical factors fail to catalyse demand

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.

loan, gold loan, personal loan, gold loan interest rate, gold loan calculator, gold loan SBI, gold loan ICICI, HDFC, gold loan companies News

Centre procures 29 mn tonne of wheat so far this marketing year

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.

Commodities News

Diesel prices rise, petrol remains stable across major cities, diesel selling at 65.91 a litre in Delhi

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

Petrol And Diesel Prices, Crude, Petrol, Diesel, क्रूड, पेट्रोल, डीजल, OPEC, IEA, Crude Production, Crude Supply, General Election India News

Gold eases as equities gain after Donald Trump’s plan to delay auto tariffs

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.

gold prices eases, donald trump, Spot gold, US China trade talks, United States, iran, global economy, Iraq News

Oil rises on Middle East tensions, shrugs off US crude build

Crude stocks swelled by 5.4 million barrels, surprising analysts who had expected a decrease of 800,000 barrels.

oil prices, Middle East tensions, US crude, Oil futures, WTI crude, brent crude, oil imports News

Natural rubber prices bounce back, growers see green shoots

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)

Earlier, due to poor price realisation, small holding farmers had even been abandoning tapping operations on their rubber trees. News

Gold slips off 1-month peak amid optimism on US-China trade concerns

Spot gold was down 0.1% at $1,298.31 per ounce as of 1153 GMT, after hitting $1,303.26 in the session, its highest since April 11.

Gold prices, US china trade, US gold futures, spot gold, China, Saudi Arabia, equity markets, Platinum News

Oil prices jump on drone attack on Saudi Aramco facilities

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

Oil prices, Saudi Aramco, Saudi Arabia, WTI crude futures, Brent crude futures, world global oil supply, global oil consumption, Middle East crude producers, iran US News

Oil price rises as Saudi Arabia reports drone attacks on pump stations

Houthi rebels in neighboring Yemen -- who have long received backing from Iran -- said earlier that they had targeted key Saudi installations with drones.

Commodities News

Petrol, diesel prices cut for sixth consecutive day across major cities, petrol selling at Rs 71.18 in Delhi

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

Petrol And Diesel Prices, Crude, Petrol, Diesel, क्रूड, पेट्रोल, डीजल, OPEC, IEA, Crude Production, Crude Supply, General Election India News

Gold edges lower as Sino-US trade uncertainty dents yuan

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

Gold prices, Sino-US trade, Spot gold, US gold futures, beijing, donald trump, Palladium, silver price News

USDA cuts cotton estimates for India by 20 lakh bales

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

Commodities News

Oil imports: Amid US-Iran heat, Tehran sends minister to India

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

Commodities News

Crude oil price rises as Middle East tanker attacks add to political risks

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.

Commodities News

India’s rising oil demand to support investments in refineries, upstream production: Moody’s

The government demands high shareholder returns from the government-owned companies in the form of dividends and share buybacks.

Commodities News

Petrol, diesel prices cut for the fifth consecutive day across major cities, petrol selling at Rs 71.43 in Delhi

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

Commodities News

Fuel retailers cut petrol, diesel prices for the second consecutive day across major cities, petrol selling at Rs 72.63 in Delhi

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

Commodities News

Gold prices buoyed as US-China trade tensions mount

Spot gold was steady at $1,284.65 per ounce at 0142 GMT and is up about 0.4 percent for the week.

Gold prices, US-China trade tensions, US-China deal, Spot gold, US gold futures, Japanese yen, Trump administration News

Oil price rallies on hopes for US China trade deal

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

Oil price, US oil prices, global economic growth, Beijing, Brent crude futures, WTI crude futures, US-China trade, Global growth News

Nafed won’t sell mustard stocks at a discount

Production of mustard crop, the main oilseed of rabi season, is estimated at 8.4 million tonne in 2018-19, up from 7.5 million tonne a year ago.

Commodities News

Cement sector on its path to strong growth momentum, demand to help price recovery

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.

Commodities News
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