Oil rises after Russia says it could cut output due to price cap
Brent crude was up by $2.02, or 2.5%, to $83 a barrel at 10:06 a.m. EDT (1506 GMT), while U.S. West Texas Intermediate (WTI) crude was at $79.72 a barrel, up $2.23, or 2.9%.
Gold declines Rs 372; silver flat at Rs 69,273 per kg
"Spot gold prices (24 carats) in the Delhi market traded at Rs 54,853 per 10 grams, down Rs 372 per 10 grams," Dilip Parmar, Research Analyst at HDFC Securities, said.
Gold declines Rs 372; silver flat at Rs 69,273 per kg
In the international market, gold quoted lower at USD 1,797.8 per ounce while silver traded flat at USD 23.74 per ounce.
Renewable energy sector to boom with likely investments of over $25 billion in 2023
Union power and new & renewable energy minister R K Singh stated that the investment in the renewable energy sector could be around USD 25 billion in 2023.
Oil prices rise on U.S. drawdown but Chinese fears weigh
Brent crude futures were up by $1.62, or 2.03%, at $81.61 a barrel by 1440 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.54, or 2.02%, to $77.77.
Govt extends deadline for bidding in commercial coal mines' auction till Jan 13
The biggest tranche of 141 mines covering eleven coal-bearing states are being offered in the sixth round of commercial coal mine auction.
Gold gains Rs 231; silver climbs Rs 784
In the previous trade, the precious metal had closed at Rs 54,421 per 10 gram.
India sees almost two-fold jump in oilmeals export in April-November: SEA
The country had exported 15.96 lakh tonnes of oilmeals in the same period last fiscal. Oilmeals are used as animal feed.
Indraprastha Gas hikes CNG prices on rising input costs
With the latest hike, the CNG price in Delhi now stands at Rs 79.56 per kg, compared with Rs 78.61 per kg earlier
Oil falls, still set for weekly gain on demand hopes
Brent crude futures were down $1.56, or 1.9%, to $79.65 per barrel at 1200 GMT. West Texas Intermediate futures slipped $1.43, or 1.9%, to $74.68.
Arjas Steel to invest Rs 610 cr to augment capacity to 5.5 L tonne
The company operates two plants at Tadipatri in the Anantapur district of Andhra Pradesh and at Mandi Gobindgarh in Punjab.
Gold jumps 2% as US CPI data spurs Fed slowdown bets
Fed funds futures prices now imply a better-than-ever chance that the Fed will follow its expected half-point interest rate hike this week with a smaller 25-basis-point rate hike in February.
Top five steel cos, few others selected to invest under PLI scheme for specialty steel
The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country.
FMCG firms staring at muted revenue growth this and next fiscals amid inflation, sluggish rural demand
Almost 40 percent of the Rs 4.7-lakh-crore sector comes from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the COVID-19 pandemic.
Putin says Russia could cut oil production over 'stupid' price cap
The Group of Seven major powers, the European Union and Australia last week agreed to a $60 per barrel price cap on Russian seaborne crude oil after EU members overcame resistance from Poland
Oil prices set for 10% weekly loss on demand worries
Brent crude futures were at $76.56 a barrel, up 41 cent, or 0.5%, at 1420 GMT. U.S. West Texas Intermediate crude was up 36 cents, or 0.5%, at $71.82 a barrel.
Gold gains as dollar weakens ahead of central bank meetings
The two-day US central bank policy meeting ends on December 14 and the policymakers are expected to announce a 50-basis-point hike in the lending rate.
Iron ore prices jump on hopes of demand spurt as China eases Covid curbs
Traders are also banking on hopes that the property sector, good for 40% of China’s steel consumption, will see a further easing of policies
Fuel Prices on December 9: Check petrol, diesel rates in Delhi, Mumbai and other cities
In Delhi, petrol cost Rs 96.72 a litre and diesel Rs 89.62 a litre. In Mumbai, petrol is being sold at Rs 106.31 a litre and diesel Rs 94.27 a litre.
Gold climbs Rs 211; silver jumps Rs 593
In the previous trade, the yellow metal had touched Rs 54,059 per 10 grams.
Fuel Prices on December 8: Check petrol, diesel rates in Delhi, Mumbai and other cities
In Delhi, petrol cost Rs 96.72 a litre and diesel Rs 89.62 a litre. In Mumbai, petrol is being sold at Rs 106.31 a litre and diesel Rs 94.27 a litre.
Oil edges higher after four-day retreat as traders look to China
Crude has weakened this month, shedding all of the year’s gains, as central banks tighten monetary policy and the macroeconomic outlook sours
Fuel Prices on December 7: Check petrol, diesel rates in Delhi, Mumbai and other cities
In Delhi, petrol cost Rs 96.72 a litre and diesel Rs 89.62 a litre. In Mumbai, petrol is being sold at Rs 106.31 a litre and diesel Rs 94.27 a litre.
OPEC+ pauses as Russia sanctions and China Covid rules roil crude markets
The 23-nation group has only just implemented the hefty 2 million barrel-a-day reduction agreed at its last gathering in October, and the full impact of that cut is unclear amid severe gyrations in prices
