Page 338 - Commodity News

BP boss Robert Dudley sees oil prices at $55-$70 for rest of decade

Dudley was speaking at the World Energy Congress in Istanbul

Oil prices dip but stay near 1-year highs on expected output cut

Goldman Sachs said that despite a production cut becoming a 'greater possibility', markets were unlikely to rebalance in 2017

Volatile coking coal prices to keep steel firms' margins down

Coking coal is an important raw material used in steel production

Gold quoting at a premium as demand improves

Bullion sees demand revival after almost two quarters, with initial signs reflected in sales reported by Amazon and Flipkart

Gold glitters on jewellers' buying, positve global cues

Analysts attributed the recovery in gold prices to increased buying by ornament makers and retailers

Oil eases off four-month high as speculators doubt deal to cut output

Saudi Arabia's Energy Minister Khalid al-Falih said on Monday that OPEC should not cut oil supply too steeply

Gold gains as China's post-holiday return spurs buying

Spot gold may break a resistance at $1,266 per ounce and edge up to the next resistance at $1,276 before resuming its downtrend

Gold up on China post-holiday buying; weaker dollar supports

The safe haven asset was fairly subdued in its reaction to the second US presidential debate

Oil prices fall over doubts that non-OPEC producers will cut output

OPEC's second biggest producer Iraq said over the weekend that it wants to raise output further in 2017

Muted demand drags down crude palm oil futures by 0.66%

Market analysts said offloading of positions by traders influenced crude palm oil prices at futures trade

Commodity picks: 10 October 2016

Cotton cake prices in the Akola market are Rs 2,592 per quintal

Jewellery sales up 25-30% on sharp fall in gold prices

Consumers are now shifting from replacement purchases to placing fresh orders on hopes of a correction in gold prices

Indian cotton exports to Pakistan slump amid tensions

Pakistan Cotton Commissioner Khalid Abdullah said a low quantum of trade activity is still taking place

Chana prices buck declining trend in pulses

Chana was selling at an average price of around Rs 8,000 per quintal in August, but moved up to Rs 9,750 per quintal in September

Gold suffers more losses, slides Rs 170 on global leads

Silver cracked below the Rs 42,000-mark by tumbling Rs 920

Gold slips, heads for worst weekly drop since June 2013

Gold prices could pull back to as low as $1,200 an ounce after breaking out of their 2016 uptrend this week, said analysts

Crude palm oil futures up 0.25% as demand picks up

At the MCX, crude palm oil for delivery this month edged up by Rs 1.30, or 0.25% to Rs 518.40 per 10 kg

Muted demand drags down cardamom futures 0.65%

At the MCX, cardamom for delivery in Dec fell by Rs 7.50, or 0.65 % to Rs 1,150 per kg in a biz turnover of 3 lots

Two charts that every gold investor should to keep an eye on

Gold got off to a great start this year, but it's been tumbling hard in recent days

Prices to stay low on record foodgrain output, says FAO

Though cereal utilisation is expected to set a new record this year, the growth in utilisation may not support prices due to large carryover stocks from the previous year