Oil’s new map: How India turns Russia crude into the West’s fuel
India shipped about 89,000 barrels a day of gasoline and diesel to New York last month, the most in nearly four years. Daily low-sulfur diesel flows to Europe were at 172,000 barrels in January, the most since October 2021
Oil prices stable as OPEC+ sticks to policy ahead of Fed meeting
Brent crude futures were down 14 cents, or 0.1%, at $85.33 a barrel by 1419 GMT. West Texas Intermediate (WTI) U.S. crude futures rose 13 cents, or 0.2%, to $79.00.
Govt will soon take steps to control rise in wheat, atta prices: Food Secretary Sanjeev Chopra
The government is monitoring the prices of wheat and atta regularly, he said, adding that "all options are being explored" to bring down the prices.
Power consumption may grow 10% this fiscal: Report
India's peak power demand touched a record high of 216 GW in April 2022, up 6 per cent on-year, as several regions in the North reeled under a severe heatwave.
CAI lowers cotton crop estimate to 330.50 lakh bales for 2022-23 season
The cotton production in the current season that started on October 1, 2022, is expected to decline by 2 lakh bales each in Maharashtra, Andhra Pradesh and Karnataka to 82.50 lakh bales, 13 lakh bales and 22 lakh bales, respectively.
Oil up more than $1/bbl on US inflation data, demand hopes
The market is also bracing for an additional curb on Russian oil supply due to sanctions over its invasion of Ukraine.
India's wheat output may set new record of over 112 lakh tonnes in 2022-23: Govt officials
Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in 2021-22 crop year, as per the agriculture ministry data.
Coal dispatch to different sectors rises 5% in December
The dispatch of coal to the power sector increased by 4.26 per cent to 65.65 MT during the last month.
Gold declines Rs 201; silver plummets Rs 1,475
Gold price in the national capital declined Rs 201 to Rs 55,994 per 10 gram on Thursday amid a fall in the precious metal's prices globally, according to HDFC Securities.
Oil prices fall 4% on mounting worry about global economy
Brent futures fell $3.53 to $78.57 a barrel for a 4.3% loss by 11:39 a.m. EST (1639 GMT). U.S. crude dropped $3.37, or 4.4%, to $73.56.
Gold rises Rs 378; silver declines Rs 147
Gold price rose by Rs 378 to Rs 56,130 per 10 gram in the national capital on Wednesday amid a rally in the precious metal's prices globally, according to HDFC Securities
Oil dives 3.5%, trade choppy on worries about China, global economy
Brent futures for March delivery fell $3.03 to $82.88 a barrel, by 11:45 a.m. ET (16:45 GMT). U.S. crude fell $2.81 to $77.45 per barrel.
Gold jumps Rs 506; silver zooms Rs 1,374
The yellow metal had touched Rs 55,434 per 10 grams in the previous trade.
Refrigerator prices may rise up to 5% as revised BEE labelling norms come into force
According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent on consumers, depending on the models.
NMDC hikes iron ore lump rates by Rs 200/ton
The country's largest iron ore miner has also increased rates of iron ore fines by Rs 500 to Rs 3,410/tonne, NMDC said in a regulatory filing.
Oil ends year of wild price swings with 2nd straight annual gain
Prices surged in March as Russia’s invasion of Ukraine upended global crude flows, with international benchmark Brent reaching $139.13 a barrel, the highest since 2008.
Oil set to end volatile 2022 with second annual gain
Brent crude on Friday rose 52 cents, or 0.6%, to $83.98 a barrel by 10:54 a.m. EST (1554 GMT). U.S. West Texas Intermediate crude gained 34 cents, or 0.4%, to $78.74.
Retail inflation for industrial workers eases to 5.41% in November
Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month (October 2022) and 3.40 per cent during the corresponding month (November 2021) a year ago.
Gold rises Rs 205; silver declines Rs 30
Gold prices rose by Rs 205 to Rs 55,210 per 10 grams in the national capital on Friday amid positive global trends
Budget 2023: Commerce Ministry seeks cut in gold import duty to push jewellery exports
The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewellery sector
Oil trims losses as softer dollar offsets Chinese demand fears
Brent futures for February were down $1.08, or 1.3%, at $82.18 a barrel by 1439 GMT. The more active March contract shed 1.26% to $82.93/bbl, after falling by over $2 earlier in the session.
First jewellery consignment under Ind-Aus ECTA flagged off from Mumbai, Surat, Chennai
The India-Australia ECTA will boost the bilateral gem and jewellery trade to double to USD 2.5 billion from the present value of USD 1.27 billion over the next 3 years, GJEPC chairman Vipul Shah said.
Gold falls Rs 21; silver declines Rs 464
The precious metal had ended at Rs 54,984 per 10 grams in the previous trade.
Oil prices fall on worries about China COVID-19 surge
Brent futures for February delivery fell 42 cents, or 0.5%, to $83.91 a barrel, by 1215 GMT. U.S. crude fell 32 cents, or 0.4%, to $79.21 per barrel.
