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Commodity Capsule: Gold Holds Near Lows as Rate Cut Hopes Fizzle

Commodity Capsule: Gold Holds Near Lows as Rate Cut Hopes Fizzle

Thu, Jan 18, 2024

How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.

Commodity Capsule: Gold Extends Decline, Dips Below $2030

Commodity Capsule: Gold Extends Decline, Dips Below $2030

Wed, Jan 17, 2024

How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.

Commodity Capsule: Gold Prices Dip Amid Dollar, Yield Rise; Hovers Around $2,050

Commodity Capsule: Gold Prices Dip Amid Dollar, Yield Rise; Hovers Around $2,050

Tue, Jan 16, 2024

How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.

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GST: A complete guide on products and services getting cheaper or expensive from July 1

GST: A complete guide on products and services getting cheaper or expensive from July 1

Fri, May 19, 2017

In the 14th GST Council meet held at Srinagar, Jammu & Kashmir on May 18, 2017, the Council decided the tax rates for 1,211 items. Majority of the essential goods such as food grains and personal care products have been brought into a lower tax slab under GST.

Oil rebounds, as OPEC talks up cutting supply into 2018

Oil rebounds, as OPEC talks up cutting supply into 2018

Tue, May 09, 2017

Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.

Oil prices pinned near five-month low as supply glut weighs

Oil prices pinned near five-month low as supply glut weighs

Fri, May 05, 2017

"So far OPEC`s strategy to draw down inventories has not worked ... It seems obvious to us that OPEC will need to keep the cuts in place for longer than the next 6 months if their strategy is to have any chance of success," Neil Beveridge, senior oil and gas analyst at AB Bernstein in Hong Kong said in a note to clients on Friday.

India, Indonesia agree to oil, coal sectors cooperation

India, Indonesia agree to oil, coal sectors cooperation

Sat, Apr 22, 2017

Goyal and Indonesian Energy and Mineral Minister Ignasius Jonan met on April 20 during the first 'India Indonesia Energy Forum' held in Jakarta.

Crude oil eases for second day on rising U.S. inventories

Crude oil eases for second day on rising U.S. inventories

Thu, Apr 13, 2017

Crude oil futures slid for a second session on Thursday, moving away from a one-month high touched in the last session as rising U.S. inventories stoked worries about global oversupply.

Dollar extends gains after strong US data, Asia stocks subdued

Dollar extends gains after strong US data, Asia stocks subdued

Fri, Mar 31, 2017

Japan`s Nikkei jumped 0.5% after Japanese core consumer prices rose 0.2% in February.

India could join Asian nations in procuring LNG : Oil minister

India could join Asian nations in procuring LNG : Oil minister

Fri, Mar 24, 2017

India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday. Pradhan said the market was gradually becoming more consumer-centric.

RIL's KG-D6 gas output drops to 9% of target: Pradhan

RIL's KG-D6 gas output drops to 9% of target: Pradhan

Mon, Mar 20, 2017

Reliance Industries' flagging KG basin D6 block has seen natural gas output slip further, leading the government to disallow USD 2.756 billion in cost, Oil Minister Dharmendra Pradhan said today.

Global oil supply may see potential shortage after 2020: IEA

Global oil supply may see potential shortage after 2020: IEA

Tue, Mar 07, 2017

Developing countries account for all of the growth and Asia dominates, with about seven out of every 10 extra barrels consumed globally.

India to fill Mangalore strategic reserve with United Arab Emirates oil

India to fill Mangalore strategic reserve with United Arab Emirates oil

Wed, Jan 25, 2017

India signed a deal with the United Arab Emirates (UAE) on Wednesday that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi`s strategic reserve system.

MobiKwik registers 10 times growth in oil, gas sector

MobiKwik registers 10 times growth in oil, gas sector

Tue, Jan 17, 2017

Domestic mobile wallet major MobiKwik on Tuesday announced that it registered 10 times growth within the past week in transactions from the oil and gas sector.

India's 2016 Iran oil imports hit record-high trade

India's 2016 Iran oil imports hit record-high trade

Fri, Jan 13, 2017

India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.

Oil prices edge up despite unexpected U.S. crude inventory build

Oil prices edge up despite unexpected U.S. crude inventory build

Fri, Dec 30, 2016

Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks.

Oil prices fall on surprise build in U.S. crude stocks

Oil prices fall on surprise build in U.S. crude stocks

Thu, Dec 29, 2016

U.S. oil prices fell on Thursday following a surprise build in the country`s crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday.

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

Wed, Dec 14, 2016

Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.

Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong

Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong

Mon, Dec 12, 2016

Oil prices jumped more than 5% on Monday after OPEC and non-OPEC producers agreed to curb oil output and ease a global glut, while the US dollar extended gains ahead of an expected rate hike this week.

Oil markets jittery ahead of OPEC meeting later in day

Oil markets jittery ahead of OPEC meeting later in day

Wed, Nov 30, 2016

Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.

Saudi oil minister says OPEC production cut 'imperative'

Saudi oil minister says OPEC production cut 'imperative'

Sun, Nov 13, 2016

"In this period marked by unstable oil prices it is imperative to reach a consensus between OPEC nations and to agree on an effective mechanism and precise figures to activate the historic Algiers accord," Faleh was quoted as saying by Algeria`s APS news agency.

Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Sun, Nov 06, 2016

Oil income contributed around 95 percent of public revenues in those years. During the past two years, oil has lost around 60 percent of its value.

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil rises on reported US crude inventory draw, expected OPEC cut

Wed, Oct 19, 2016

Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.

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