Commodity News - Energy

Oil holds above $48 a barrel after US stocks hit record high

29 Jan 2015

US crude futures fell to an intraday low of $44.08 a barrel, the weakest level since April 2009, but Brent held up relatively well

Oil prices rise, gains capped on supply glut concerns

29 Jan 2015

Oil prices edged higher today but gains were capped amid fresh worries about the global supply glut as US crude reserves soared to a record ...

Oil slips to $49 on huge US stock build, firm dollar

28 Jan 2015

Oil slipped to $49 a barrel on Wednesday after an industry report said US crude stocks rose the most in two decades last week, and as a ...

Crude oil down 0.8% on weak Asian cues

28 Jan 2015

Crude oil futures prices today fell 0.84% to Rs 2,818 per barrel, after speculators reduced exposures amid a weak trend in Asian trade.

Oil prices down ahead of Fed meet outcome, supply report

28 Jan 2015

Oil prices fell in Asia today as dealers await the outcome of a US Federal Reserve meeting and the release of a US supply report expected ...

Oil prices down in Asia

26 Jan 2015

Oil fell in Asia today after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the ...

Govt asks refiners to cut Iran oil imports ahead of Obama visit

23 Jan 2015

Govt has raised its crude shipments from Iran around 40% over the first nine months of the current fiscal year

Oil drops below $49 after ECB announces bond buying

22 Jan 2015

ECB President Mario Draghi said the bank would buy 60 billion euro of government bonds a month

Oil inches above $48, outlook remains weak

21 Jan 2015

Prices fell on Tuesday after IMF cut its 2015 global economic forecast

Domestic crude oil production falls 1.4% in December

21 Jan 2015

State-owned Oil and Natural Gas Corp (ONGC) reported a 0.7% rise in output at 1.9 million tons on the back of 5% surge in offshore ...

Iran sees 'no threat' from oil at $25 as prices keep falling

20 Jan 2015

Oil has fallen more than 30% since Opec's decided on November 27 to keep its ceiling unchanged at 30 million barrels a day

Oil prices edge lower in Asian trade

19 Jan 2015

Oil prices edged lower in Asia today as a rally late last week fizzled out owing to lingering concerns about weak demand and a global ...

Crude oil falls on weak overseas cues

16 Jan 2015

Crude oil futures today fell by Rs 54 to Rs 2,893 per barrel as speculators trimmed positions amid a weak global trend.

Oil prices edge up in Asian trade

16 Jan 2015

Oil prices rebounded in Asia today after plunging in the previous session in reaction to news that the OPEC cartel had overproduced in ...

Oil prices jump on dollar weakness, short covering

15 Jan 2015

Oil and other commodities are priced in dollars and tend to gain when the US currency falls

Oil prices rally loses steam in Asian trade

15 Jan 2015

Oil prices fell in Asia today after a bargain-buying rally the day before lost steam, with a pick-up in US inventories reinforcing ...

Oil prices dip further in Asian trade

14 Jan 2015

Oil prices slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an ...

Oil prices: What is behind the drop? Simple economics

14 Jan 2015

Production is likely to begin declining in the second half of the year, and then crude prices will also begin to recover

OMCs' ethanol procurement tender gets weak response

13 Jan 2015

970 mn litres What OMCs wanted for the current cane crushing season

Oil price dips as UAE defends holding output

13 Jan 2015

Brent and US WTI crude oil prices fell to their lowest in about six years on Tuesday as the United Arab Emirates, a major Organization of ...

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Market News

Crude oil prices might pick up in a year

Demand growth is forecast to pick up this year from last, but is not expected to exceed 900,000 bpd

Global shrimp prices up as supply crunch on the anvil

Prices for 150/250 count shrimp has ticked up over 6.5% from last week to $7.20 per pound

Sensex, Nifty close at new highs on fag-end buying

After a brief pause, stocks continued their upward march today with benchmark Sensex rising 122.59 points to new closing peak of 29,681.77 and ...

Horticulture price stabilisation scheme might receive lukewarm response

Nominated agencies Nafed and NCCF not to participate due to 100% profit sharing and CAG audit clauses, SFAC to procure 10k tonnes potato and 6k ...

Power producers hurl coal quality, pricing charges at CIL again

CIL says inspection procedure under progress, billing according to agreement


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