Commodity Market: Crude surges to 10-month high, gold prices decline on US inflation expectations
As investors await US inflation data that could affect the Federal Reserve interest rate expectations, gold prices fell on September 13 despite trading above a more than two-week low hit in the previous session.
Commodity Market: Crude oil at $90 per barrel, copper rebounds
On September 12, Brent crude futures hovered just above $90 a barrel as investors awaited a slew of macroeconomic data due later this week that could indicate whether Europe and the U.S. will continue to hike interest rates.
Oil India plans net zero by 2040, to invest $2 billion in projects: Report
The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world’s biggest emitters of greenhouse gases, aims for zero by 2070.
Crude oil headed for second consecutive weekly gain
As Saudi Arabia and Russia extended their voluntary supply cuts through the end of the year, both benchmarks reached 10-month highs earlier this week. Brent and WTI were still on track for about a 1 percent gain for the week
Cotton industry seeks subsidies, import duty cut to revive fortunes of mills
Higher import duties have increased the prices of cotton, raising production costs for the textile industry and rendering them less competitive in the global market.
Oil holds breath ahead of OPEC+ supply cut expectations
Brent crude futures for November crept 5 cents higher to $88.60 a barrel by 1110 GMT. U.S. West Texas Intermediate crude (WTI) October futures rose 2 cents to $85.57 a barrel.
Gold heads for best week in six ahead of key Powell speech
Spot gold was nearly unchanged at $1,917.17 per ounce by 1149 GMT, having risen about 1.5% so far this week. U.S. gold futures shed 0.1% to $1,945.20.
Oil gains 1% as investors await Fed's Powell speech
Brent crude rose 93 cents, or about 1.1%, to $84.29 a barrel by 1104 GMT. U.S. West Texas Intermediate crude was up 87 cents, also roughly 1.1%, at $79.92.
India set to ban sugar exports for first time in 7 years
India’s absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets.
Coal, shale gas reserves will prove to be game changer for Bengal: Amit Mitra
Mitra said West Bengal has the world's second-largest coal reserves, and shale gas reserves have also been found, which would push the mining industry in the state.
Oil edges up on tighter supplies, heating oil prices
Brent crude climbed 76 cents to $85.56 a barrel by 1047 GMT, while U.S. West Texas Intermediate crude was at $82.1 a barrel, up 85 cents.
Gold bound for weekly dip on bets for higher-for-longer rates
Spot gold was up 0.2% to $1,892.59 per ounce at 10:38 a.m. ET (1438 GMT), down 1.1% for the week so far. U.S. gold futures rose 0.4% to $1,922.20.
Gold and diamond jewellery lose sheen over rising prices; global downturn hits exports
While prices may not come down drastically, it is expected that there will be stability later in the year. The festive season is expected to push up local demand, while the export market is expected to pick up later this year.
Gold awaits fresh cues as focus turns to US inflation print
Spot gold was little changed at $1,923.69 per ounce by 1144 GMT. U.S. gold futures were down 0.2% to $1,929.10.
Seafood industry stares at slump as global market for shrimp shrinks
The Indian seafood industry faces lower production and no prospects of a recovery in the near term
Gold slips as stronger dollar, rate hike expectations dent appeal
Spot gold was down 0.4% at $1,912.63 per ounce by 1113 GMT, while U.S. gold futures fell 0.5% to $1,920.60. Bullion lost 2.5% in the April to June quarter.
Oil dips on demand worries as more rate hikes likely
In a second straight day of losses, Brent crude slipped 53 cents, or 0.7%, to $73.61 a barrel by 11:27 a.m. ET (1527 GMT). U.S. West Texas Intermediate (WTI) crude was down 63 cents, or 1%, at $68.86.
Oil dips with interest rates and inventories in focus
Brent futures eased by 47 cents, or 0.6%, to $76.65 a barrel at 0840 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 44 cents, or 0.6%, at $72.09.
India considers lithium mining royalty at 3% of LME price: Report
India, which has been exploring ways to secure supplies of lithium - a critical raw material used to make electric vehicle batteries - in February found its first lithium deposits in the federally administered region of Jammu and Kashmir.
Gold firms as dollar eases, focus on Fed cues
Spot gold rose 0.4% to $1,946.58 per ounce by 0937 GMT after shedding 1% in the previous session. U.S. gold futures rose 0.2% to $1,961.50.
Storm brewing in the tea industry
A fall in prices, exports tailing off, a drop in production and rising wages are challenges facing the Indian tea sector
Bean shortage drives up cost of even the cheapest cup of coffee
Key coffee growers are finding it difficult to keep up with the surge in demand, with wholesale prices this week hitting the highest level in nearly 12 years
India amends power policy draft to halt new coal-fired capacity: Report
The draft, if approved by the federal cabinet chaired by Prime Minister Narendra Modi, would make China the only major economy open to fresh requests to add significant new coal-fired capacity.
Fuel prices on May 2: Petrol, diesel rates unchanged across metros
In Chennai, petrol was priced at Rs 102.63 a litre and diesel at Rs 94.24 a litre, while in Kolkata the fuels were priced at Rs 106.03 and Rs 92.76, respectively
