September 26, 2018 03:18 PM IST
Rosneft and its partners had in August last year completed a $12.9-billion acquisition of Essar Oil to enter the world's fastest-growing energy market. This April, they changed the name of the firm to Nayara Energy.
September 26, 2018 12:30 PM IST
India has close diplomatic ties with Iran and is also building the strategic Chabahar port in the Middle Eastern country. It is expected to be operational by 2019.
September 26, 2018 10:45 AM IST
Brent crude futures were down 4 cents at $81.83 a barrel by 0342 GMT, after gaining nearly 1 percent the previous session. Brent rose on Tuesday to its highest since November 2014 at $82.55 per barrel.
September 26, 2018 09:35 AM IST
Spot gold was down 0.1 percent at $1,200.18, as of 0057 GMT.
September 26, 2018 08:40 AM IST
IIF said Iran's crude oil and condensates exports were 2.8 mbd in April and are now estimated at 2.0 mbd in September.
September 25, 2018 09:43 PM IST
The move will help refiners in Iran's second biggest oil market to boost purchases from alternative sources
September 25, 2018 06:30 PM IST
FinMin had earlier notified 91 commodities, including tur and urad, on which exchanges can launch commodity for trading after SEBI’s nod.
September 25, 2018 04:30 PM IST
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
September 25, 2018 12:10 PM IST
Analysts attributed the fall in prices to a weak trend overseas as investors stuck to the sidelines ahead of a US Federal Reserve meeting.
September 25, 2018 11:36 AM IST
Spot gold was barely changed at $1,198.80 by 0257 GMT. U.S. gold futures were down 0.1 percent at $1,203.10 an ounce.
September 25, 2018 09:42 AM IST
Brent crude futures were at $81.42 per barrel at 0315 GMT, up 22 cents, or 0.3 percent, and close to the intraday peak reached the previous day of $81.48, the highest since November 2014.
September 25, 2018 08:30 AM IST
US West Texas Intermediate (WTI) crude futures were at $72.22 a barrel, up 14 cents, or 0.2 percent from their last settlement.
September 24, 2018 11:22 PM IST
OPEC and non-OPEC states gathered in Algiers on September 23 for a meeting that ended with no formal recommendation for any additional supply boost to counter falling supply from Iran.
September 24, 2018 06:33 PM IST
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
September 24, 2018 01:49 PM IST
Trade war between the US and China continues to escalate. This might curtail crude oil demand.
September 24, 2018 12:20 PM IST
Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the US sanctions against Iran by the end of the fourth quarter this year.
September 24, 2018 10:20 AM IST
Chen Bo also said China would reduce Iranian oil imports because of looming US sanctions against the Middle East country due to start in November.
September 24, 2018 09:46 AM IST
Investors were squarely focused on Sino-US trade tensions, after China cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week.
September 24, 2018 08:40 AM IST
In its annual World Oil Outlook, the Organisation of Petroleum Exporting Countries forecast world supply of all hydrocarbons (primarily oil and liquified natural gas) would rise from a current 98.4 million barrels per day (mbd) to 104.5 million by 2023, and 111.9 million by 2040.
September 24, 2018 08:05 AM IST
Sunday's meeting in Algiers brought together OPEC oil ministers and non-OPEC signatories to the 2016 agreement, as they seek to extend their cooperation.
September 21, 2018 05:15 PM IST
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
September 21, 2018 12:10 PM IST
The dollar has been lifted by a stronger-than-expected US economy, the world's largest, and that's a positive sign for global growth, the US investment bank said.
September 21, 2018 11:15 AM IST
International benchmark Brent crude for November delivery was up 5 cents at $78.75 a barrel by 0424 GMT.
September 21, 2018 09:50 AM IST
The dollar hit a nine-week low against a basket of major currencies, while world stocks bounced up amid continued relief that fresh US and Chinese tariffs on reciprocal imports were less harsh than originally feared.
September 21, 2018 08:00 AM IST
International benchmark Brent crude for November delivery was up 4 cents at $78.74 a barrel by 0053 GMT.
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