With a fourth consecutive week of closing up, natural gas is looking strong. However, for the bulls in the trade, prices have remained stagnant in the lower $2 level, scarcely moving the needle. On Friday, the front-month gas contract traded on the Henry Hub of the New York Mercantile Exchange settled at $2.266 per metric…
The U.S. debt ceiling uncertainty and resurrected concerns for a regional banking crisis in the United States limited advances in the early Asian trading on Friday as traders covered short positions in anticipation of the weekend. In the morning session, Brent crude futures were up 36 cents, or 0.5%, to $75.34 per barrel. To reach…
Hindustan Copper, a state-owned company, announced on Thursday that it intends to raise approximately Rs 548 crore through various financial channels. On May 19, 2023, the company’s board of directors will discuss a related proposal. The company stated in a regulatory filing that its board will consider “The recommendation for seeking approval of shareholders to…
The Indian pulses industry has reiterated its call for the importation of yellow peas into the nation amid forecasts of a moderate El Nino, which is projected to cause decreased rainfall. At a conference held on Wednesday to review the availability and supply of pulses in the nation, the trade group India Pulses and Grains…
Crude soybean oil and crude sunflower oil are exempt from customs duty and the Agriculture Infrastructure and Development Cess for the next 50 days, with some restrictions. Crude soybean oil, whether or not it has been degummed, and crude sunflower oil, according to a notification from the Ministry, will be exempt “when imported into India,…
A better gasoline demand report from the United States, the world’s biggest oil user, helped oil prices recover on Thursday after falling by more than a dollar a barrel the previous day. In the morning session, the price of Brent crude futures increased by 56 cents, or 0.7%, to $76.97 per barrel, while the price…
The future of the cashew sector is not so bright in 2023 due to a decline in worldwide demand and increased supplies. According to industry insiders, the previous year was difficult due to dropping exports, and the cashew industry anticipates that things may get worse this year as a result of a surge in the…
The price of gold is falling today, while the price of silver is down by 0.21%. Gold June futures were down Rs 146 or 0.24% to Rs 61,273 per 10 grams on the Multi Commodity Exchange. At Rs 77,290 per kg on the MCX, silver July futures were trading 166 rupees lower. According to Reuters,…
Out of the 514 crore liters of ethanol contracted for the ethanol supply year (ESY) 2022-23, 233 crore liters had been delivered to oil marketing companies as of April 30. This allowed them to increase the blending to 11.65 percent from 10% during the same period last year. In the present ESY, a 12% ethanol…
Due to the dollar’s appreciation against other major currencies and persistent demand for the dollar from public sector banks acting on behalf of customers of oil marketing companies, the rupee (INR) fell on Tuesday, breaching the critical 82 level. The Indian rupee, which hit a two-week low, decreased 24 paise from the previous close of…
