Commodities

Iran hunts for more ships to keep its oil flowing

Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite

iran, oil, import, export, iran economy News

RIL will have to pay more to supply KG-D6 gas to customers; regulator OKs transport price hike

The tariff approved is almost half of the tariff sought by East West Pipeline Ltd - the operator of the pipeline.

reliance gas, RIL, PNGRB, CNG, East West Pipeline Ltd, transport price hike, KG D6 gas, APTEL News

Gold shines: Yellow metal hits 2-week high, Brexit woes boost appeal

Australia's top gold miner Newcrest Mining Ltd on Tuesday said it signed an exploration agreement for a joint venture with London-listed Greatland Gold Plc.

Commodities News

Oil imports: US hopes India won’t buy crude oil from Venezuela government

The US has slapped sweeping sanctions on PDVSA with a view to curb Venezuela’s crude exports and put pressure on socialist President Maduro to step down.

india, us, venezuela, oil, oil imports News

Oil rises to highest in over a week; 2 key reasons

Crude has stayed above $55 a barrel since mid-February as the Organization of Petroleum Exporting Countries and its allies agreed to cap supply to ease a supply glut and Venezuelan output slides.

Oil prices rise, saudi arabia, Venezuela, crude exporter, crude oil, OPEC, ICE Futures Europe exchange News

Gold inches down as updated Brexit deal improves risk appetite

Gold edged lower on Tuesday as appetite for risk improved after the European Commission agreed additional assurances in an updated Brexit deal, while stronger than expected U.S. data eased some fears

Commodities News

Oil prices rise amid broad market rally, OPEC supply cuts

Oil prices have been receiving broad support this year from supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia aimed at tightening market

Commodities News

Saudi Arabia to cut oil exports next month

State-owned Saudi Aramco's oil allocations for April are 635,000 bpd below customers' nominations, which are the requests made by refiners and clients for Saudi crude, the official said.

saudi arabia, oil sector, oil industry News

Mango exports may hit 50,000 tonne this season; South Korea, Malaysia among new markets

Mango exports to US have taken off in a big way with more than 1,000 tonne expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board (MSAMB) said.

mango, mango exports, south korea, malaysia News

In fresh blow to Monsanto, Modi govt cuts GM cotton seed royalty

The decision could prompt Monsanto and other foreign seed companies to further scale back investment in the sector, said Ram Kaundinya, director general of the Federation of Seed Industry of India.

Monsanto, Modi government, GM cotton seed, GM cotton seed royalty, narendra modi govt, Cotton Association of India, GM cotton seeds News

Gold inches lower as firm dollar offsets falling equities

Gold inched down on Monday, after rising about 1 percent in the previous session, as a firm dollar offset support from fading appetite for riskier assets due to mounting global growth concerns.

Commodities News

Oil rises as OPEC’s output cuts set to continue, US drilling activity slumps

Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led supply cuts was unlikely before June, while a report showed U.S. drilling activity fell for a third strai

Commodities News

Crude oil prices to remain balanced in 2019, as non-OPEC supplies come to the rescue

Oil market likely to remain balanced in 2019

Commodities News

India invites Saudi Arabia investment in strategic oil storage, looks to revive $44 billion refinery project

India, which meets 83 per cent of its oil needs through imports, built the storages as insurance for any disruption in supplies.

Commodities News

Oil prices: Optimists bullish on crude rally despite looming demand headwinds

Oil prices surged about 25 percent through mid-February, but they’ve largely moved sideways since then.

Commodities News

Oil prices drop as ECB warns on weaker economy, US supply soars

Oil prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as U.S. crude output and exports chase new records, undermining efforts by producer club OPE

Commodities News

Gold steadies as ECB stance drag equities; US jobs data eyed

Gold held steady on Friday as risk appetite faded after the European Central Bank cut its growth forecasts and launched an emergency round of policy stimulus, while a strong dollar capped gains ahead

Commodities News

Cotton output to drop this season, supporting factor of monsoon missing: CAI

Around 65% of the Indian crop has arrived so far with 213.42 lakh bales hitting the market by February 28 and another 114.58 lakh bales yet to arrive in markets.

Commodities News

Gold demand: Wedding demand props up yellow metal imports

Benchmark gold futures in Mumbai have eased 6% in the last two weeks after rising to Rs 34,031 ($486) per 10 grams on February 20.

Commodities News

Gold prices fall to Rs 33,070 per 10 grams in Delhi today; 2 key reasons

Amid muted global market and weak demand from local jewellers, gold prices fell Thursday in Delhi.

Commodities News

Gold firm as risk sentiment takes backseat; strong dollar caps gains

Gold prices steadied on Thursday as lacklustre appetite for riskier assets offered some support to the safe-haven metal, while firm dollar limited gains ahead of European Central Bank's (ECB) policy

Commodities News

Oil edges up on OPEC cuts, US sanctions against Venezuela and Iran

Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, although prices were prevented from rising further by record U.S. crude output and r

Oil prices dip as US crude stocks swell amid record production News

Petrol price Rs 72.24 in Delhi; check fuel prices today of Mumbai, Kolkata and Chennai

Fuel prices remain unchanged compared to 5 March 2019 but are the month's highest.

Commodities News

Gold bounces off 5-week lows as stock market rally pauses

Gold held steady on Wednesday after recovering from more than five-week lows in the previous session, drawing support from choppy equities, while a stronger dollar capped gains.

Commodities News

Oil falls as rising US production counters OPEC supply cuts

Oil prices fell more than 0.5 percent on Wednesday as bullish output forecasts by two big U.S. producers outweighed recent OPEC-led efforts to rein in crude production.

Oil falls as rising US production counters OPEC supply cuts News

India is world’s largest producer of Mangoes, Banana; check which other commodities make it to the list

India is the world’s largest producer of Mangoes, along with Banana, Papaya, and Lemon.

Commodities News

Oil dips amid weak demand growth, but OPEC-led supply cuts support

Oil prices dipped on Monday amid tepid prospects for growth in fuel demand, but OPEC-led efforts to cut output offered some support.

Commodities News
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