Oil rises on OPEC-led supply cuts, report of falling US crude inventories

Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump

Oil rises on OPEC-led supply cuts, report of falling US crude inventories News

Over 20,000 crore shortfall seen in fuel subsidy outlay for FY20

Brent crude oil prices started rising from April this year and reached a peak of $86 a barrel in October.

Commodities News

Maharashtra sugar season draws to a close, 12 mills stop operations

KGS Sugars is the first mill in the state to shut down on February 3, after working for 69 days.

Commodities News

Gold falls Rs 60 on weak global cues, muted demand

Gold prices fell by Rs 60 to Rs 34,530 per 10 grams at the bullion market Tuesday backed by weak trend overseas amid easing demand from local jewellers at prevailing levels, according to All India Sar

Gold falls Rs 60 on weak global cues, muted demand News

Petrol price hiked to Rs 71.66 in Delhi; Check petrol, diesel prices today in Mumbai, Kolkata, Chennai

In Delhi, the petrol price has raised to Rs 71. 66 per litre from yesterday’s Rs 71.57, a rise by 9 paise.

punjab government decides to reduce VAT petrol-diesel prices will decrease News

Oil price steadies after selloff; market eyes Donald Trump intervention

International Brent futures were at $64.95 a barrel at 0108 GMT, up 20 cents, or 0.3 percent, from their last close. Brent fell 3.5 percent on Monday when prices hit $64.54 a barrel - the lowest since

Oil price steadies after selloff; market eyes Donald Trump intervention News

Pulwama attack retaliation: India halts cotton exports to Pakistan amid tensions

Thanks to the unease between India and Pakistan, exporters see a temporary slump in flow of consignments for a few days

Commodities News

Castor crop output may fall 20% to 11 lakh tonne in 2018-19

The total area under castor in India for 2018-19 is estimated to be 7,69,570 hectare as per the government’s forecast against 2017-18 estimate of 8,21,600 hectare, which has decreased by 7% compared

Commodities News

Fast changing steel market scenario to propel India amaong top players

Steel exports are included in export figures of engineering goods.

Commodities News

Gold extends gains on wedding season demand, positive global cues

Globally, gold futures to surged to USD 1,330.65 an ounce while silver at USD 15.88 an ounce in New York.

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Petrol prices hiked to Rs 71.29 in Delhi; check latest price for metros

Oil marketing companies hiked the price of petrol by 14-15 paise and that of diesel by 16-18 paise a litre the major metros on Friday.

punjab government decides to reduce VAT petrol-diesel prices will decrease News

Gold prices rise on trade talk optimism; Fed stance limits gains

The metal was headed for a second straight weekly rise, up almost 0.3 per cent. The precious metal had hit a 10-month high on Thursday but later erased the gains.

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Oil prices fall as U.S. crude output hits record 12 million bpd

Another recent price driver has been U.S. sanctions against oil exporters Iran and Venezuela.

Commodities News

Gold hovers near 10-month peak amid steady dollar after Fed minutes

Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rat

Commodities News

Petrol prices rise by 15 paise per litre today; check today’s fuel rates in 4 metros

The oil marketing companies (OMCs) on Thursday increased petrol prices by 14 to 15 paise and diesel prices by 16 to 18 paise across the four major cities.

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Oil holds near 3-month high as Saudi curbs temper growth worries

Facing a surge in U.S. shale flows, the Organization of Petroleum Exporting Countries and its allies started a fresh round of supply curbs last month that have helped push oil around 24 percent higher

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Higher output of turmeric could lower prices in current season

India is the largest turmeric producer with 75-80% share of the global production and the demand for the commodity has been increasing rapidly from the medicinal and cosmetic industry.

Higher output of turmeric could lower prices in current season News

Punjab budget gives fuel relief! Petrol prices cut by Rs 5, diesel down by Re 1

Punjab Budget 2019-20: In a welcome move, Punjab government on Monday reduced petrol and diesel prices from midnight as it slashed value added tax (VAT) on fuel selling in the state in the budget.

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Finished steel exports fall 37%, imports grow 1.5% in April-January FY 2019

The country had exported 8.22 MT of finished steel during the corresponding period a year ago, the Joint Plant Committee (JPC) said in its latest report.

Commodities News

Oil prices: Crude to rise as OPEC+ curbs counter trade worries

Brent for April settlement climbed 9 cents to $64.66 a barrel, near the highest level since November, on the London-based ICE Futures Europe exchange. It has gained 4.1 percent this week.

Commodities News

Oil prices hit 2019 highs amid OPEC-led supply cuts

The international benchmark for oil prices is at a near 3-month high and set for a 4.5 percent gain for the week.

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Gold prices rises on hopes of Federal Reserve pause; trade talks in focus

Gold prices touched a more than one-week high of $1,318.12 on Wednesday, but pared gains in the late session on the dollar's strength.

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Oil prices rise on hopes for US-China trade spat breakthrough

The global oil market will struggle this year to absorb fast-growing crude supply from outside the Organization of the Petroleum Exporting Countries (OPEC), even with the group's production cuts and U

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This Valentine’s Day, Indian rose exports likely to cross Rs 27 crore

The long winter this year has proven to be a boon for Indian rose growers.

Commodities News

US warns India, other countries against buying crude oil from Venezuela; here’s why

Three million people, or 10 per cent of the population, have left Venezuela since its economy started to worsen in 2014, according to the UN.

Commodities News

RIL, ONGC natural gas prices to be raised by 10%; here’s how much it will cost from April

The increase in price will boost earnings of producers like Oil and Natural Gas Corp (ONGC) and Reliance Industries but will also lead to a rise in price of CNG, which uses natural gas as input.

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Gold prices steady as Sino-US trade hopes drag dollar

US gold futures were mostly unchanged at $1,314.20 per ounce.

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