Commodities

Revealed! Why British Petroleum curtailed investments in India in past

India is an important market for the oil major and the firm is in talks with Reliance Industries Limited (RIL) to venture into downstream business, Bob Dudley said.

The king of oil nations Saudi Arabia wants to invest in India’s oil industry, in these 2 areas

The global oil powerhouse Saudi Arabia plans to invest in India in the fuel retail and crude storage segments, country’s oil minister told Prime Minister Narendra Modi on Monday at an event.

Diesel price rise: Modi’s Rs 2.5 relief eroded by 10 rate hikes in a row; what will government do now?

As diesel prices were hiked for the tenth straight day on Monday by the oil marketing companies (OMCs), the entire Rs 2,50 per litre cut in rates announced by the government earlier this month got era

India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Officials

India had contracted to import about 25 million tonnes of crude oil from Iran in the fiscal year 2018-19 (April 2018 to March 2019), up from 22.6 million tonnes imported in 2017-18.

Petrol price today: Fuel prices continue to rise as diesel rates hiked 19 paise in Delhi

Petrol price today: In Mumbai, diesel can be availed at Rs 79.02 per litre, up 20 paise from yesterday, while petrol is retailing at Rs 88.18 per litre, an increase of 6 paise.

Oil prices rise amid Saudi tensions, but demand outlook drags

Brent crude had risen 98 cents, or 1.22 percent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since Oct. 9.

Fuel prices continue to rise, PM Narendra Modi to meet oil company heads

Fuel prices continued to rise across the four major metros on Sunday even as Prime Minister Narendra Modi prepares to meet oil company chiefs on Monday to take stock of the global energy scenario.

Gold remains higher on global cues, festive demand

Gold continued its upward journey for yet another week and recorded a rise of Rs 150 in its prices to close at Rs 32,050 per 10 grams, amid positive global cues and pick up in buying by local jeweller

Petrol diesel prices today: Fuel prices continue to rise as petrol rates hiked by 18 paise in Delhi

Petrol, diesel prices today: The oil marketing companies on Saturday raised prices of petrol and diesel by 18 paise per litre and 29 paise per litre, respectively, in Delhi.

Gujarat cotton season opens with higher prices

Delay in arrival, good demand from mills and higher minimum support price (MSP) have ensured that the new cotton season in Gujarat opens with higher prices this year. Cotton prices are about 20% highe

NSE begins commodity derivatives trading; now trade gold futures on exchange too

National Stock Exchange (NSE) on Friday launched trading in commodity derivatives segment.

Petrol price today: Fuel prices continue to rise; check petrol, diesel prices in all metros

Petrol prices today: There is an increase of 29 paise each in diesel prices in Mumbai and Chennai where the fuel today is retailing at Rs 78.22 per litre and Rs 78.90 per litre, respectively.

Kerala ramps up CNG offtake as GAIL offers 597 stations

Close on the heels of Delhi, Maharashtra and Gujarat, Kerala is ramping up its CNG use on the road. As many as 597 CNG stations are in pipeline in the state, within a year.

Maharashtra farmer body seeks Rs 3,500 per tonne as first cane installment

Ahead of the cane crushing season which is set to commence from October 20 in Maharashtra, the Raghunathdada Patil-led Shetkari Sanghatana has demanded a first cane installment of Rs 3,500 per tonne f

Area under soybean up 6.7%, says SOPA

The Soybean Processors Association of India (SOPA), in its first survey of soybean crop for the season of 2018-19, has estimated the total area under soybean for 2018 at 108.396 lakh hectare.

Coal imports seen rising by 8-17% in FY19

Global steam coal prices have been on a steady rise amid the falling value of the rupee. The average global coal price was about $116.8 per tonne in August.

Government asking oil firms to cut petrol, diesel prices by Rs 1 was ‘one-time thing’, says FinMin official

Putting down concerns about the oil marketing companies (OMCs) being asked to cut petrol and diesel prices again, a Finance Ministry official said it was a ‘one-time thing’ which won’t be repeat

Rupee plunges to record low of 74.48 against dollar on foreign fund outflows

The domestic currency rupee plunged to a fresh record low of 74.47 against the US dollar on Thursday, amid a wild sell-off in the stock market and unabated foreign fund outflows.

Petrol price today: Petrol price hiked to Rs 87.82 in Mumbai, check revised rates for metros here

Petrol price today: After leaving the petrol prices unchanged in metros yesterday, the rates were hiked in the major metros on Thursday.

‘Iron ore prices rise on robust demand’

At September-end, state-owned NMDC raised prices of iron ore lump by Rs 300 per tonne week-on-week, and hiked iron-ore fines prices by Rs 200 per tonne week-on-week.

Saudi Arabia to supply extra oil cargoes to India in November as Iran sanctions loom

Saudi Arabia, the world's biggest oil exporter, will supply Indian buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.

Petrol price today: Petrol prices unchanged in metros; diesel prices hiked in Delhi, Mumbai; check rates here

Petrol price today: Petrol prices in the major metros remained unchanged on Wednesday. Just two days after the government provided relief, petrol prices have soared to Rs 87.73 in Mumbai.

SC fixes pet coke import limit for aluminium industry at 0.5 mtpa

While environmentalists had highlighted use of petroleum coke is harmful to the environment, the aluminum, steel, calciners and cement industries had submitted that they use petroleum coke as a feedst

Pepper prices touched 10-year-low

India is the largest consumer of pepper in the world and the second-largest producer after Vietnam.

Rupee plunge: Why eased ECB norms for oil firms will not control rupee slide

Even as the rupee plunge continues, with the domestic currency falling to a fresh record low of Rs 74.26 against the dollar, the eased external commercial borrowings (ECBs) norms for OMCs is unlikely

Petrol price today: Petrol prices hiked to Rs 87.73 in Mumbai; check latest rates in metros

Petrol price today: Just two days after the government provided relief from fuel prices, petrol prices are on the boil again and have soared to Rs 87.73 in Mumbai.

Aluminium firms suffer sharp share price drop on global cues

Share prices of domestic aluminium companies fell sharply on Monday dragging the BSE metal index, which closed down 3.18%, according to Bloomberg data.

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