The outlook for global oil markets darkened on Thursday after the International Energy Agency (IEA) said that slowing demand for crude in the wake of restrictions imposed to curb the fast-spreading Delta variant is colliding with a recent increase in global crude production. But the news is likely to be welcomed by the White House,…
Oil prices climbed on Tuesday, clawing back some of the previous session’s deep losses, even though concerns over coronavirus curbs combined with slowing factory activity in key buyer countries to keep a lid on gains. Brent crude oil futures rose 24 cents, or 0.3%, to $73.13 a barrel, as of 0125 GMT. US West Texas…
The price of 10 gm of 22-carat gold on Monday remained unchanged at ₹ 45,280 yesterday. Silver was selling at ₹ 62,500 per kg: dropping ₹ 800 from yesterday, according to the website Good Returns. Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making…
government has set the ambitious target for more than three-fold increase in domestic palm oil production, from the current 3 lakh tonnes to 11 lakh tonnes by 2025-26, to reduce India’s high dependence on import of edible oil. To accelerate production and cultivation of oil palm in the country, the government will now put special…
Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in U.S. crude stockpiles, negative U.S. economic report and worries the spread of the coronavirus Delta variant will weigh on global energy demand. Traders noted the oil price drop came despite reports of increased Mideast geopolitical tensions. Brent futures…
The price of 10 gm of 22-carat gold slipped by Rs 420 on Wednesday to trade at Rs 46,960. Silver was selling at Rs 67,600 per kg, down Rs 250 compared to yesterday. Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. In New Delhi,…
Oil was fallen down Wednesday morning in Asia, falling for a third consecutive day as concerns about the increasing numbers of COVID-19 cases globally dampen the fuel demand outlook. Brent oil futures inched down 0.03% to $72.39 and WTI futures edged down 0.20% to $70.42. Both Brent and WTI futures fell on Tuesday to their lowest levels since…
Oil in Asia was lower on Friday morning but recorded solid gains at the end of the week and month. Fuel demand is growing faster than supply, while vaccination rates have mitigated the impact of the renaissance on Govt-19 cases worldwide. Brent oil futures were down 0.79% at $ 74.51 after rising 1.75% on Thursday….
Gold in Asia rose to a one-week high on Thursday morning. The U.S. The Federal Reserve did not provide a deadline for its plans in its latest policy decision and said it was “a way out” of considering interest rate hikes. Gold futures rose 0.81% to $ 1,814.20 on July 20. The dollar, which normally…
Oil rose in Asia on Wednesday morning, leaving the U.S. An imbalance in crude supply increased, which strengthened expectations that fuel demand would outweigh supply growth. However, the increasing number of COVID-19 cases worldwide has made black liquid profitable. Brent oil futures rose 0.65% to $ 74 after scattering 2 cents during the previous session…
