Thu, Jan 25, 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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Wed, Jan 24, 2024
Sat, Jan 20, 2024
Oil prices settled slightly lower but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies.
Tue, Nov 02, 2021
The International Energy Agency (IEA) in its World Energy Outlook 2021 estimated that India`s oil demand could rise to 9.2 million barrels per day (bpd) by 2050 and to 7.2 million bpd in 2030 from about 4.8 million bpd in 2019
Wed, Oct 27, 2021
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories increased unexpectedly last week in the United States, the world`s largest oil consumer
Mon, Oct 25, 2021
Brent crude futures gained $1.01, or 1.2%, to $86.54 a barrel by 11:19 a.m. EDT (1519 GMT). The contract reached a session high of $86.70 a barrel, highest since October 2018
Sat, Oct 23, 2021
Oil traded just below multi-year highs on Friday with bullish sentiment about low supplies tamped by concerns from world leaders that demand disruptions from the COVID-19 pandemic may not be over.
Tue, Oct 19, 2021
India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices
Crude oil prices rose Rs 43 to Rs 6,188 per barrel on Tuesday.
Mon, Oct 18, 2021
India, which imports almost two-thirds of its oil needs from West Asia, has told crude oil producers, including the Organisation of Petroleum Exporting Countries (OPEC), that high oil prices will hasten the transition to alternate fuels and such rates will be counter-productive for the producers, the official said
Thu, Oct 14, 2021
outlook remains strong for crude oil and natural gas, analyst Anuj Gupta said. Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities said that brent crude could test USD 90 over the next 8-10 weeks. Meanwhile, natural gas could reach targets around USD 7. On the MCX, it may cross Rs 500 per mmBtu, he added
Mon, Oct 11, 2021
Taking cues from the global situation unfolding, the oil futures on domestic commodities markets followed suit. The October Oil futures gained almost 3.2 per cent on the MCX and were trading at Rs 6130 bbl or Rs 189 higher from the Friday closing price
Thu, Oct 07, 2021
Oil drops for 2nd session on unexpected rise in U.S. inventories
Wed, Oct 06, 2021
U.S. oil prices rose for a fifth day on Wednesday to their highest since 2014 amid global concerns about energy supply on signs of tightness in crude, natural gas and coal markets.
Tue, Oct 05, 2021
In the special edition of Editor’s Take, Zee Business Managing Editor Anil Singhvi explained how rising crude oil across the globe is a good indication. However, it will dent the import bill of India, he said.
Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities, recommends a buy on Oil Futures at Rs 5750 per barrel with a stop loss at Rs 5650 and target price at Rs 5900
Sun, Oct 03, 2021
Petrol price in Delhi is at its highest ever level of Rs 102.39 a litre and to Rs 108.43 in Mumbai. Diesel rates too touched a record high of Rs 90.77 in Delhi and Rs 98.48 in Mumbai
Tue, Sep 28, 2021
Barclays has raised its 2022 oil price forecasts reasoning that a continued recovery in demand could widen a `persistent` supply shortfall.
Ashish Chaturvedi, Research Analyst at Zee Business said that due to the demand of coal and crude around the globe, huge increase in their prices have been seen.
A lack of investment in new oil and gas supplies, amid a shift in focus to cleaner fuels, is likely to drive price volatility in the next decade as demand for traditional energy sources grows, senior industry executives said.
Mon, Sep 27, 2021
Goldman Sachs raised its forecast for year-end Brent crude oil prices to USD 90 per barrel from USD 80, as a faster fuel demand recovery from Delta variant and Hurricane Ida’s hit to production led to tight global supplies, a Reuters report said
Thu, Sep 16, 2021
US Gulf energy companies have been able to restore pipeline service and electricity quickly after Hurricane Nicholas passed through Texas, allowing them to focus on efforts to repair the damage caused weeks earlier by Hurricane Ida.
Tue, Aug 31, 2021
The production of coal, natural gas, refinery products, fertilizers, steel, cement and electricity industries increased in July 2021
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