Commodities

Oil prices resume fall, shed most of their gains from last session

International benchmark Brent crude futures were down 66 cents, or 1.2 percent, at $56.58 per barrel, after climbing almost 2 percent the session before.

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After recent marginal hikes, petrol prices left unchanged today; petrol at Rs 70.63/litre in Delhi

Petrol price today: In the national capital New Delhi, petrol can be availed at Rs 70.63 per litre and diesel at Rs 64.54 per litre. In Mumbai, petrol and diesel were being sold at Rs 76.25 per litre

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US oil prices climb after tumble, but oversupply worries drag

Global benchmark Brent was up 0.85 percent, or 49 cents, at $56.75 per barrel.

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Mukesh Ambani’s RIL in talks with Saudi Arabia for new refinery, petrochemicals projects

Reliance plans to expand its only-for-exports SEZ refining capacity to just over 41 million tonnes from current 35.2 million tonnes but does not have any plans to set up a new refinery in the country.

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Buying gold for just 1 rupee! Indian jewelers selling bite-sized portions online to prop up demand

Meanwhile, benchmark gold futures in Mumbai are set to post a third year of annual gains in 2018 aided by a weaker rupee, which fell to a record low earlier this year.

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Authorities wrong in dubbing onion produce as ‘low quality’: Nashik farmer who sent Rs 1,064 to Modi tells PMO

The farmer from Nashik, who had sent his onion sale earnings to the Prime Minister's Office (PMO) to highlight low returns, has alleged that the district authorities wrongly described his produce as o

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Crude oil prices fall 1 percent amid supply glut worries

Inventories at the U.S. storage hub of Cushing, Oklahoma, rose by more than 1 million barrels from Dec.

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Petrol prices up for fourth time in 6 days; diesel rates also surge; petrol selling for Rs 70.63 in Delhi

Petrol, diesel prices today: The oil marketing companies on Tuesday once again hiked prices of both petrol and diesel prices in the four major cities. While petrol is selling for Rs 70.63 per litre, d

Petrol Prices in Delhi today, Diesel Prices in Delhi today, Petrol and Diesel Prices in Delhi today, Petrol and Diesel Prices in four metro cities, IOC, Crude, BPCL, HPCL, Petroleum ministry News

Petrol, diesel prices up first time since October 16; petrol selling for Rs 73.19 in Chennai today

Petrol, diesel prices today: Both petrol and diesel prices were hiked by the oil marketing companies (OMCs) for the first time since October 16, by 19-20 paise and 9 paise respectively, across 4 major

Commodities News

Crude oil prices rise, but global economic concerns weigh

"Oil is finding support as the drop in Baker Hughes rig counts points to a near-term slowdown in U.S. production," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Si

Commodities News

Gold falls on low demand from jewellers; check rates in Delhi

Amid weak demand from domestic jewellers, the prices of gold fell by Rs 30 to Rs 32,190 per 10 gram at Delhi’s bullion market.

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Diesel prices drop to lowest level this fiscal year; petrol rates rise 5 paise today

Petrol, diesel prices today: The oil marketing companies (OMCs) on Saturday increased prices of petrol by 5 paise while cutting diesel by 7 paise on account on fall in global crude oil rates.

Petrol Prices in Delhi today, Diesel Prices in Delhi today, Petrol and Diesel Prices in Delhi today, Petrol and Diesel Prices in four metro cities, IOC, Crude, BPCL, HPCL, Petroleum ministry News

After first hike in 2 months yesterday, petrol prices left unchanged today; diesel rates cut by 7-9 paise

Petrol, diesel prices today: After rising on Thursday for the first time in last two months, petrol prices have been left unchanged by oil marketing companies (OMCs) in all 4 major cities on Friday.

The oil glut between 2014 and late 2016 created a huge oil windfall for India, which benefited the Narendra Modi government in terms of fuel tax. News

Crude oil prices dip, but expectations of tightening supply support

Oil prices eased on Friday after rising over 2 percent the day before, but were supported by hopes the market will tighten more quickly than some had expected in the wake of supply cuts from major pro

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Vegetable oil imports dip 9% in November

The country's import of vegetable oils during November 2018 has been reported at 11,33,893 tonne as compared to 12,56,433 tonne in October 2018 and 12,48,810 tonne in November, 2017, down by 9%.

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Oil prices: Crude rebounds as strengthening US demand muddies supply picture

Oil rebounded from earlier losses amid signals of stronger-than-expected American demand and an International Energy Agency forecast that global supplies may be in bigger danger than previously though

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US oil prices inch up amid stockpile drop, signs of easing trade tensions

Oil prices have also been supported by OPEC-led supply curbs announced last week, although gains have been muted after the producer group lowered its 2019 demand forecast.

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‘Despite rising oil imports, energy security plan on track’

Oil minister Dharmendra Pradhan Wednesday said the increasing dependency on imported fuel should not be seen as a challenge to the energy security programme that the country is building on.

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Oil producers to review cuts impact in April: UAE

Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE minister said Wednesday.

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Oil rises more than 1 percent on OPEC-led supply cuts, trade talk hopes

Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut announced last week for 2019 would stabilise markets as well as hopes that long-running Sino-

Commodities News

Oil rises thanks to stronger equities, Libyan supply outage

Oil edged higher on Tuesday, clawing back some of the previous day's hefty losses as a modest show of strength in global stocks, a slightly weaker dollar and an unplanned supply outage in OPEC member

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Gold up by Rs 155 on jewellers’ demand

Gold prices Tuesday rose by Rs 155 to close at Rs 32,650 per 10 gram at the bullion market here due to increase in demand from local jewellers.

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India to wait and watch impact of oil producers’ output cut, says Dharmendra Pradhan

India on Tuesday announced a "wait-and-watch" position on the the Organization of the Petroleum Exporting Countries' (OPEC) and non-OPEC producers' decision last week to lower their production of crud

Dharmendra Pradhan, OPEC, Russia, oil producers, iran, oil production, nuclear deal, KPMG energy summit News

Crude oil prices rise on Libyan export disruption, but markets remain weak

Oil prices on Tuesday clawed back some of their losses from the previous day as Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the wee

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Don’t celebrate yet! Petrol, diesel prices could go up again; here’s why

OPEC has vowed to cut oil supplies by 1.2 million barrels per day, analysts are expecting prices to jump back to $70 a barrel.

vowed to cut oil supplies by 1.2 million barrels per day, analysts are expecting prices to jump back to $70 a barrel. News

Export of raw sugar: Millers expect sweet deal from China

A contract for exporting 15,000 tonne of raw sugar has been entered between the Indian Sugar Mills Association (Isma) and China’s COFCO.

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Petrol prices slashed by 24 paise in Delhi today; diesel rates fall below Rs 65 a litre

Petrol, diesel prices today: Oil marketing companies(OMCs) on Monday once again slashed fuel prices on account of falling global crude oil rates.

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