Oil prices fall on signs of rising supply, economy worries

Oil prices fell on Thursday to extend losses from the previous session, pressured by signs of rising supply and by growing concerns that demand may weaken on the prospect of a global economic slowdown

Oil prices, West Texas Intermediate crude, OPEC, US China trade war, Donald Trump, United Arab Emirates News

Gold demand in India up 10% in September quarter, but festive outlook muted due to this reason

In the September quarter, gold demand increased by 14% to Rs 50,090 crore, compared with Rs 43,800 crore in the same quarter last year, in terms of value, according to the Q3 Gold Demand Trends' repor

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Petrol price today: Petrol prices now below Rs 85 in Mumbai; check latest rates for all metros

Petrol price today: Petrol prices continued their downward trend on Thursday, and are now down to under Rs 85 in Mumbai. Petrol prices were slashed by 16 paise in Mumbai to Rs 84.86.

Commodities News

Oil prices fall on signs of rising global supply

The Brent crude December futures contract, which expired Wednesday, fell 44 cents to settle at $75.47 a barrel. The more-active January contract fell 91 cents to settle at $75.04 a barrel.

Commodities News

Cane price: Maharashtra mills not to crush after demand for higher installment

Following this decision, 70-80 mills in Kolhapur, Sangli, Satara and Karnataka have not started crushing operations. Some of the mills that had commenced crushing have also decided to stop, industry s

Commodities News

Tamil Nadu begins export of long-shelf, high-quality bananas to Europe

Tamil Nadu has started the export of long-shelf, high-quality bananas to Europe. Developed with an Italian technology, the first batch of the ‘Grand Naine’ range of bananas will be exported to Ita

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Oil prices fall as global supply rises

Oil prices fell for a third day on Wednesday on evidence of rising global supply despite the imposition of U.S. sanctions next week that are already curbing Iranian crude supply.

Oil prices, gloabl oil price, Brent crude oil, Imports of Iranian crude, Oil market sentiment, US trade war News

Gold shines! As Diwali nears, yellow metal hits 6 year high of Rs 32,650

Amid surging demand around Diwali, gold prices jumped for the second straight day on Wednesday, touching nearly six-year high of Rs 32,650 per 10 gram, up by Rs 30.

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With Donald Trump’s Iran hammer about to fall, who may seek a waiver?

India is the second-biggest importer of Iranian oil is cutting back –- while signaling that it won’t shut down the trade completely. And India isn’t just buying crude from Iran. It’s also prep

With Iran sanction kicking in on November 4, the oil prices may, once again, breach $85 a barrel mark again. News

Petrol prices slashed by over Rs 3 in Delhi, Mumbai in last two weeks; check latest prices for all metros

Fuel prices have been on a decline in recent times, oil marketing firms slashing petrol prices by over Rs 3 in national capital Delhi in the last two weeks alone.

Commodities News

Recovery in natural rubber prices unlikely in 2019 due to demand-supply fundamental

Demand-supply fundamental along with other factors do not favour a recovery in natural rubber (NR) prices during 2019, Jom Jacob, senior economist of Association of Natural Rubber Producing Countries

Commodities News

Coal fetches 102% premium in e-auction, surpassing the earlier highest of 95%

This price discovery is owing to the demand-supply mismatch, although coal production has achieved a double digit growth during the first six months of the fiscal.

Commodities News

Goldman says ‘fear’ is back as gold gains on recession angst

Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the U.S. economy may tumble back into recess

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BPCL to shut crude unit, secondary capacity at Kochi refinery in December

India's state-run Bharat Petroleum Corp will shut a 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for about three weeks from early December for maintenance, i

Commodities News

US to become key source of global energy supplies, says government official

The United States will become a key source of energy supplies to meet growing demand globally as innovation in technology and financing are expected to boost U.S. oil and gas production in the next de

Commodities News

Petrol, diesel prices today cut for 13th day in a row; petrol at Rs 79.55 a litre in Delhi

Petrol, diesel prices today: The oil marketing companies (OMCs) cut the petrol and diesel prices for the 13th straight day on Tuesday amid softening global crude prices.

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Brent crude prices fall on rising supply, global market woes

Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.

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Ordinance Push: Maharashtra deregulates all agri-produce from APMC Act

The Maharashtra government has promulgated an ordinance deregulating all agricultural produce from the APMC Act.

Commodities News

18 Maharashtra factories start cane crushing

Around 18 sugar factories in Maharashtra have commenced crushing for 2018-19 season, crushing some 3.5 lakh to 4 lakh tonnes of cane.

Commodities News

Gujarat APMCs to go on strike from November 1

Saurashtra APMC Vepari Association has asked Gujarat chief minister and agricultural minister to implement the AASHA Umbrella scheme in the state. The farm body is awaiting reply from the government.

Commodities News

Domestic market steel absorption capabilities brighter than earlier

HRC price in the domestic market of USA which was ruling at $ 716/t in March’17 (the month of duty imposition) is now available at $ 918/t, a rise of 28%.

Commodities News

Government considering hike in import duty on aluminium

The government is considering a proposal to increase import duty on aluminium with a view to supporting domestic players, sources said.

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Oil trades below $68 as investors assess mixed supply outlook

Oil has slumped about 12 percent from a four-year high earlier this month as a rout in global equity markets raised concerns about economic growth and energy demand at a time of growing U.S. crude inv

Commodities News

India’s crude steel output grows 2 per cent to 8.5 MT in September, says worldsteel report

India's crude steel production rose 2.1 per cent to reach 8.520 million tonnes (MT) in September 2018, global steel body worldsteel said in a report.

Commodities News

Good news! Petrol, diesel prices cut for 12th day in row; petrol below Rs 80 mark in Delhi today

Petrol, diesel prices today: The oil marketing companies (OMCs) cut the petrol and diesel prices for the 12th straight day on Monday amid softening global crude prices.

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Fuel prices cut for 11th time: Petrol down by 40 paise, diesel by 33 paise

Petrol in Delhi now costs Rs 80.05 a litre and diesel is priced at Rs 74.05 per litre, according to a price notification issued by state-owned oil firms.

Commodities News

Pre-Dhanteras high prices, cash crunch take sheen off gold this season

Gold is likely to lose its sheen this 'Dhanteras' due to liquidity crunch amidst rising prices and other investment options, say market experts and the industry.

gold, gold rush, dhanteras News
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