Page 144 - Commodity News
OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic
 "OPEC+ agrees to boost oil output after Saudi Arabia, UAE end standoff")
Oil market sees improved demand, decline in surplus supply: Iraq minister
Iraqi Oil Minister Ihsan Abdul Jabbar said on Sunday that the oil market has seen an improvement in demand and a decline in surplus and stockpiles
 "Oil market sees improved demand, decline in surplus supply: Iraq minister")
OPEC+ meets to agree quick oil supply boost to address soaring prices
OPEC+ ministers are meeting on Sunday in another attempt to agree a quick oil supply boost to address soaring prices as the global economy recovers from the coronavirus pandemic
 "OPEC+ meets to agree quick oil supply boost to address soaring prices")
Gold ETFs attract Rs 1,328 cr in Jun qtr; inflow to continue: Experts
Gold exchange-traded funds (ETFs) attracted Rs 1,328 crore from investors in the quarter ended June 2021 and experts believe that inflows will continue in the coming months of the fiscal.
 "Gold ETFs attract Rs 1,328 cr in Jun qtr; inflow to continue: Experts")
India can fulfil 50% coking coal requirement from Russia: JSPL MD
India can fulfil its 50 per cent requirement of coking coal from imports from Russia, a top industry executive has said.
 "India can fulfil 50% coking coal requirement from Russia: JSPL MD")
Record steel prices inject life into industry; India set to boost capacity
Industrial demand propels rallies, with plants straining to boost supply after lying dormant during pandemic.
 "Record steel prices inject life into industry; India set to boost capacity")
Oil prices decline, heading for biggest weekly drop since month of May
Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output
 "Oil prices decline, heading for biggest weekly drop since month of May")
Gold prices at 1-month high as dovish Fed stance lifts bullion appeal
Gold prices climbed to a one-month peak on Thursday after US Federal Reserve Chair Jerome Powell soothed investor fears by reassuring that he was in no rush to tighten policy, lifting metal's appeal
 "Gold prices at 1-month high as dovish Fed stance lifts bullion appeal")
Oil falls a third day as supply worries mount; OPEC to add more barrels
Oil prices fell a third day on Friday as supply concerns continued to haunt the market, with OPEC likely to add more barrels amid expectations that demand is returning
 "Oil falls a third day as supply worries mount; OPEC to add more barrels")
Gold price today at Rs 47,480 per 10 gm, silver trending at Rs 69,500 a kg
In New Delhi, the price of 22-carat gold was hiked to Rs 47,300 per 10 gm on Friday
 "Gold price today at Rs 47,480 per 10 gm, silver trending at Rs 69,500 a kg")
OPEC sees world oil demand reaching pre-pandemic level in 2022
OPEC stuck to its forecast for a strong recovery in world oil demand in the rest of 2021, predicted oil use would rise further in 2022 similar to pre-pandemic rates, led by growth in China and India.
 "OPEC sees world oil demand reaching pre-pandemic level in 2022")
Oil falls over 1%; extends losses as investors brace for more supplies
Oil prices fell more than 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as US fuel stocks rose
 "Oil falls over 1%; extends losses as investors brace for more supplies")
Trading strategies for copper and natural gas by Tradebulls Securities
There are no reversal patterns on chart and support comes around 268 for natural gas
 "Trading strategies for copper and natural gas by Tradebulls Securities")
Gold price today at Rs 47,080 per 10 gm, silver trending at Rs 69,200 a kg
In New Delhi, the price of 22-carat gold was hiked to Rs 47,050 per 10 gm
 "Gold price today at Rs 47,080 per 10 gm, silver trending at Rs 69,200 a kg")
India sugar stocks set to fall to 4-year low on record exports: ISMA
India could start 2021/22 marketing year on Oct. 1 with carry forward stock of 8.7 million tonnes, down from 10.7 million tonnes a year ago, said Indian Sugar Mills Association
 "India sugar stocks set to fall to 4-year low on record exports: ISMA")
Gold price today at Rs 47,890 per 10 gm, silver trending at Rs 69,400 a kg
Gold jewellery varies in price across India due to excise duty, state taxes, and making changes.
 "Gold price today at Rs 47,890 per 10 gm, silver trending at Rs 69,400 a kg")
Gold prices inch higher as investors shift focus to US inflation data
Gold prices edged higher on Tuesday as dollar weakened ahead of the release of US inflation data, increasing the appeal of the metal for holders of other currencies
 "Gold prices inch higher as investors shift focus to US inflation data")
Oil prices rise on expectations of decline in US crude inventories
Oil rose on Tuesday, recovering from previous day's drop, as expectations of further declines in US crude inventories outweighed fears that spreading Covid-19 variants could derail global recovery
 "Oil prices rise on expectations of decline in US crude inventories")
Gold price today at Rs 46,710 per 10 gm, silver trending at Rs 69,100 a kg
In New Delhi, the price of 22-carat gold was down to Rs 46,800 per 10 gm
 "Gold price today at Rs 46,710 per 10 gm, silver trending at Rs 69,100 a kg")
'Distress sale': Indians offload gold heirlooms as Covid deepens pain
With fewer banks around, people in rural areas rely on gold in times of need as it can be easily liquidated