Oil dips on expectations of rising output, China stutter

BNP Paribas said it saw WTI averaging $63 per barrel in 2019, up $2 from its previous forecast, while Brent will average $71 per barrel, up $3 from an earlier estimate.

Commodities News

Maharashtra Farmer Producers in JV with Nafed for onion procurement

According to Thorat, the project will see them developing markets from onion excess to deficit regions.

Commodities News

Diesel prices increase by 5 paise in Delhi; check prices in other metro cities

The oil marketing companies or OMCs have increased the diesel prices by 5 paise across major cities on Monday after a hiatus of three days. In Delhi, while petrol is selling at the old price of Rs 73.

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

Copper prices edge down in tight trade ahead of Chinese holiday

Copper prices edged down in London on Monday ahead of an upcoming holiday in China, while other metals were mixed amid surprisingly strong data on U.S. economic growth. The Shanghai Futures Exchange w

copper prices, copper, economy, world stocks, global stocks, oil prices, global economy 2018 News

Gold near 1-wk high as soft U.S. inflation data dents dollar

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.16 percent to 746.69 tonnes on Friday from 747.87 tonnes on Thursday.

Gold prices, dollar, dollar price, dollar value, Asian trade, Asian trade News

US oil sanctions take effect on Venezuela as crisis intensifies

One immediate problem for Venezuela is not its exports but its imports. It used to rely on 120,000 barrels of light crude each day from the United States to blend with its heavier oil. It will need to

crude oil, oil sector, oil industry, oil prices, united states, saudi arabia, us drilling activity, oil markets, repo rate hike, RBI, crude oil prices, global crude oil price, CPI News

After crude prices fall, Uday Kotak hopes Donald Trump’s ‘open mouth policy’ keeps working

After surging to record highs, crude oil prices eased on Friday bringing much-needed respite for the global economy. The decline, which is the most since December, follows pressure from the US Preside

Commodities News

Crude prices: Oil bulls on longest run in 13 years as Donald Trump demands price cut

West Texas Intermediate crude sank 2.9 percent to $63.30 on Friday, capping its first weekly loss in two months. Brent, the international benchmark price, lost 3 percent.

Commodities News

In the pipeline: ONGC to start gas production from KG basin by December

ONGC is pumping in Rs 57,000 crore in the KG-DWN-98/2 project in the Bay of Bengal apart from developing other discoveries on and off the west coast.

ONGC, KG basin, Reliance Industries, Hydrocarbon Exploration, KG basin discoveries News

Oil falls after the strongest bull run in a year

“The solution to crop residue burning is not that easy as this is the easiest way to save time and costs before sowing a next crop,” said PK Joshi, senior adviser with International Food Policy Re

oil price, IFPRI, National Nutrition Mission, india, punjab, rural non farm sector, crop residue, air pollution News

Gold scales near 2-week peak as dollar dips after US GDP data

The metal, which on Tuesday touched its lowest level since late December, at $1,265.90, is up nearly 1 percent so far this week and is poised for its first weekly gain since March 22.

gold, gold prices, dollar, GDP data, US inflation data, market News

Oil drops 3 pct after Trump again tells OPEC to lower prices

Profit-taking from the oil market's strongest bull run in at least a year also pushed prices through technical stops which accelerated the decline, analysts said.

oil, oil prices, brent oil, donald trump, market, global market News

Your fuel bill set to rise as fuel retailers Indian Oil, BPCL look to recoup losses

Your fuel bill is set to rise as the oil marketing companies are expected to recoup the losses in the medium term, Fitch Ratings said in a report.

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

Iran oil blow: No worry for India as Saudi Arabia, Russia may chip in to make up for shortfall

The Modi government is also focussing on giving a thrust to domestic oil production, which will also help bridge the oil supply shortfall arising from sanctions imposed on Iran.

Commodities News

Diesel prices raised 7 paise to Rs 66.61 a litre in Delhi; check prices in Mumbai, Kolkata, Chennai

After the global crude oil prices crossed $75 per barrel on Thursday,  state-run oil marketing companies (OMCs) have raised the retail prices of diesel while keeping the petrol prices stable across t

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

Oil prices ease on expectation that OPEC will raise output

Brent crude futures were at $74.09 per barrel at 0029 GMT, down 26 cents, or 0.4 percent, from their last close.

Commodities News

Gold scales one-week peak as equities and dollar ease

Spot gold was up 0.2 percent at $1,276.93 per ounce as of 1:38 p.m. EDT (1738 GMT) after hitting $1,282.38, the highest since April 16.

gold, gold price, dollar, Spot gold, us market, market news

India’s crude oil production drops 4 percent in FY19

Indian refineries produced 2 per cent higher fuel and other petroleum products at 257.2 million tonne in 2018-19 on a better showing by state-owned firms.

Commodities News

Oil dips on soaring US supply, but Iran sanctions still support crude

Oil prices dipped on Thursday as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter U.S. sanctions on Iran and producer club OPEC's continued curbs on supply.

Commodities News

Oil imports: Mangalore refinery to explore US oil for supplies beyond Iran

“Going forward, we will explore import options from the US by evaluating the economics of handling US crude,” said M Venkatesh, managing director at MRPL, adding that all options are open and the

Oil imports, Mangalore refinery, US oil, Iran, MRPL, ONGC, Saudi Arabia News

Agriculture prices to fall 2.6% this year, says World Bank

Says estimated to rebound in 2020 due to lower crop production and higher costs for energy and fertilisers

Agriculture prices, World Bank, food prices,  commodity prices, Global consumption, USDA, Global output  News

Gold prices inch up off 4-month low, still pressured by strong dollar

Spot gold was up 0.3 percent to $1,276.50 per ounce as of 1:35 p.m. EDT (1735 GMT), a day after hitting its lowest since Dec. 26 at $1,265.90.

gold, spot gold, gold price, gold futures, US market, US stock, market news

Iran will continue to find buyers for its oil, says Javad Zarif

The US had told India and other countries to cut oil imports from the Gulf nation to "zero" by November 4 last year or face sanctions. However, Washington had granted a six-month waiver from sanctions

Iran will continue to find buyers for its oil (Representational image) News

Saudi says no immediate plan to boost oil output as Iran waivers end

Falih said that while the kingdom had no immediate plans to boost output, Riyadh was committed to balancing the oil market.

Commodities News

Crude oil prices to fall, remain soft in 2019, never mind US sanctions on Iran

China has been importing significantly more oil from Iran than allowed under its waiver, and could continue doing so, said the report.

Commodities News

Gold prices to remain higher in 2019, says World Bank; here are 2 key factors

Gold prices are expected to remain higher by 3.2 per cent this year on account of strong demand and an extended pause in interest rate hikes by the US Federal Reserve.

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EXPLAINED: Why Iran oil is important for India and why stopping it means big trouble

No supply of oil from Iran would mean sourcing the same from other countries which may not provide the same benefits as provided by Iran in the form of price and credit facility, said the report.

Commodities News
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