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Commodities

Products used for commerce that are traded on a separate, authorized commodities exchange. Commodities include agricultural products and natural resources such as timber, oil and metals. Commodities are the basis for futures contracts traded on these exchanges.

News On Commodities
OPEC reaches deal to raise oil output from July: Source

22-06-2018| Source:Reuters

The output gain is nominal. OPEC to raise oil production by around 1 million barrels per day from July for the group.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

22-06-2018| Source:PTI

As per the April agreement, Aramco is to supply half of the crude oil required for processing at the refinery that will be commissioned by 2025. ADNOC will now supply some of the crudes to be processed at the unit.

Oil prices rise as OPEC meets

22-06-2018| Source:Reuters

Patterson, commodities strategist at Dutch bank ING in Amsterdam. "A more relaxed policy will push Brent towards $70 a barrel, while restrictive measures will support crude oil back towards $80."Oil prices

OPEC struggles for deal to ease supply cuts as Iran resists

22-06-2018| Source:Reuters

Iran, OPEC's third-largest producer, has so far been the main barrier to a deal as it called on OPEC to reject pressure from US President Donald Trump to pump more oil.

Japan could end Iran oil loading from October without exemption from US sanctions: PAJ

22-06-2018| Source:Reuters

If payments to Iran cannot continue after a 180-day "wind-down period" ending on Nov. 4, it is possible that Japanese buyers of Iranian oil will have to make their last order for Iranian oil in August for September-loading cargoes, said Takashi Tsukioka, who is also chairman of Japan's second-biggest refiner, Idemitsu Kosan Co.

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