Global Demand

In an OPEC report released on March 12, the oil cartel said global oil demand is expected to expand by 2.2 million barrels per day (bpd) in 2024, and by 1.8 million bpd in 2025.

Chart of the Day | The sun is shining on silver

Rapid addition of solar capacity is driving up demand for silver and its output may lag demand for a third year running

Indian exports will be moderately impacted by weak global demand in 2023: GTRI

The Global Trade Research Initiative (GTRI) said that in 2022, India will pay USD 270 billion in imports of crude oil and coal, which is about 40 per cent of total merchandise import bill.

Oil hits lowest since January on creeping economic uncertainty

Brent crude futures for February delivery were down $2.35, or 2.8%, to $80.33 a barrel at 11:38 am EDT [1638 GMT], the lowest since Jan. 10. West Texas Intermediate crude (WTI) fell $2.01, or 2.6%, to $74.92.

India's power sector to put up a world-beating show in 2022

The IEA expects India's electricity demand to rise 7 percent, faster than other major economies. It overcame a coal supply shortage through some deft handling by the government

Ukraine Conflict| Risks of fertiliser shortages, bloated subsidy bill loom for India

The latest updates from the world's largest fertiliser manufacturers indicate healthy global demand and constrained supplies of key crop nutrients

Ample supplies, weak global demand growth to cap oil prices in 2020: IEA

"We are expecting a demand growth of slightly higher than 1 million barrels per day," said the IEA's executive director, Fatih Birol, adding that growth could remain weak, compared with historical levels.

Commodities@Moneycontrol | Roundup of key happenings in the market

Here's a roundup of key updates in commodities market.

Global air passenger traffic demand up 7.6% in November: IATA

Global capacity measured in available seat kilometres rose slower than demand at 6.5 percent, meaning load factors - a measure of how full planes are - increased 0.8 percentage points to a November record high of 78.9 percent, IATA said in its monthly traffic update.

Singapore September exports fall 4.8%, better than forecasts

Non-oil domestic exports last month slid 4.8 percent from a year earlier, the trade agency International Enterprise Singapore (IE Singapore) said in a statement on Monday.

'India's exports turning corner, pick up likely from Oct'

India's exports are turning the corner and it would start showing healthy growth in the coming months on account of gradual strengthening of global demand and hardening commodity prices.

Export down marginally at $22.17 bn in May;fall for 18th month

Declining for the 18th straight month in May, exports dipped by 0.79 percent to USD 22.17 billion due to slowdown in global demand

India's export to stay weak in FY17: Ind-Ra

"We believe that export performance is likely to stay weak in FY17, as globally economies struggle to stabilise," the agency said in a report here.

Exports may end up at USD 260 billion in FY16: FIEO

"We may end up with exports of around USD 260 Billion in 2015-16," exporters' body FIEO President S C Ralhan said.

Mitsubishi Electric opens facility in Bengaluru

Mitsubishi Electric India Pvt Ltd (MEI) is targeting transportation systems annual revenue of USD 170 million in the country by fiscal 2020, in part by strengthening sales and maintenance services for subways and trains to meet the growing global demand for transportation infrastructure, the company said in a press release.

SME interest subvention to cost govt Rs 2700cr: Comm Secy

The Cabinet today approved the interest subvention scheme that would allow small and medium sectors exporters to avail of loans from banks at a 3 percent lower rate.

July trade data shows slower Japan export growth

The 7.6 percent annual increase in exports in July was bigger than the median estimate for 5.5 percent annual growth expected by economists in a Reuters poll, but still slower than a June's robust 9.5 percent year-on-year rise.

'Radical policy changes needed to spruce up exports'

Contraction in global demand, high cost of credit and uncertainties on policy front affecting India‘s exports: M Rafeeque Ahmed, President, FIEO

Contrarian call: China to see double-digit growth in 2014

The world`s second-largest economy last saw double-digit growth rates in the second quarter of 2010, when it grew at a rate of 10.3 percent. For 2013, the economy is expected to post growth of 7.6 percent, according to a Reuters poll, a touch above the government`s target of 7.5 percent.

ADB trims Asia's growth prospects on slack global demand

The Asian Development Bank (ADB) slightly lowered its 2012 and 2013 growth estimates for developing Asia on Friday as frail global demand drags on the region despite indications that China's economy has bottomed out.

Gold declines as strong dollar slow investors' demand

Gold today declined after a report showed that global demand slowed in the third quarter, and as the dollar held near the highest level in two months, curbing interest in alternative investments.

Coffee exports up 38% in Apr-July on strong global demand

India's coffee exports rose sharply by 38% to 1,45,505 tonne till July of the current fiscal on the back of strong global demand and high international prices, according to the Coffee Board of India.

Brent oil hits 27-month high at $98 on disruption

Brent crude oil rose to USD 98 a barrel on Wednesday for the first time in 27 months as production shutdowns and growing global demand raised expectations of tighter supplies.