Page 341 - Commodity News
Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices
Oil futures retreated on Thursday as the market grew more sceptical on how OPEC would implement its plan
 "Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices")
Gold steady as dollar sags after OPEC deal
Spot gold had risen 0.3 per cent to $1,325 and US gold futures were up 0.4 per cent at $1,328.60
 "Gold steady as dollar sags after OPEC deal")
Oil prices, stocks up on surprise OPEC deal; gains seen fizzling
Oil prices extended gains after rising nearly 6% on Wednesday after OPEC struck a deal to limit crude output
 "Oil prices, stocks up on surprise OPEC deal; gains seen fizzling")
Low cane output to hit sugar production
First advanced estimates by ISMA forecasts sugar output at 23.37 mnT, a marginal recovery from its June estimates of 23.26 mnT
 "Low cane output to hit sugar production")
India could import 1 mn tonnes of sugar in 2016/17: Louis Dreyfus
Louis Dreyfus expects India to consume about 25.5 million tonnes of sugar in 2016/17 compared with a production of about 22.5 million tonnes
Oil climbs after industry data shows US inventory draw
Brent crude rose 12 cents to $46.09 a barrel
 "Oil climbs after industry data shows US inventory draw")
Gold hits one-week low as dollar firms
Spot gold fell 0.2 per cent to $1,324.20 an ounce whereas, US gold futures eased 0.2 per cent to $1,327.40 an ounce
Crude oil up 0.44% on positive Asian cues
Oil for delivery in far-month November gained Rs 10, or 0.33%
 "Crude oil up 0.44% on positive Asian cues")
Gold hits one-week low as dollar firms
Spot gold fell 0.2 per cent to $1,324.71 an ounce whereas, US gold futures eased 0.1 per cent to $1,328.50 an ounce
 "Gold hits one-week low as dollar firms")
Oil prices climb after industry data shows US stocks draw
US WTI crude had climbed 27 cents to $44.94 a barrel and Brent crude rose 32 cents to $46.29 a barrel
Steel firms gear up for another hike in prices
Big companies like Essar Steel, JSPL, JSW Steel and SAIL to pass on higher cost of production to customers
 "Steel firms gear up for another hike in prices")
Oil slumps as Iran-Saudi discord dims freeze prospects
US benchmark West Texas Intermediate for delivery in November fell 3.5 per cent to $44.31 a barrel in New York trade on Tuesday
Tea sellers criticise e-auction after Rs 167-cr payment hold-up
The auction was proposed in order to imporve transparency, particularly for small tea growers and minimise interference of middlemen
 "Tea sellers criticise e-auction after Rs 167-cr payment hold-up")
MCX raises transaction charges for agri and non-agri commodities
The new charges will be effective from October 1
 "MCX raises transaction charges for agri and non-agri commodities")
Exempt accredited warehouses from stock limits, says Sebi
Sebi Executive Director S K Mohanty said the regulator wanted exemptions for these warehouses from the norms mandated by the Essential Commodities Act
 "Exempt accredited warehouses from stock limits, says Sebi")
Saudi energy minister dashes hopes for OPEC deal in Algeria
Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing
 "Saudi energy minister dashes hopes for OPEC deal in Algeria")
Gold slips as stocks gain post US presidential debate
US gold futures eased 0.3 per cent to $1,340.20 an ounce
 "Gold slips as stocks gain post US presidential debate")
Gold slips as stocks gain post US presidential debate
Spot gold was down 0.2 per cent at $1,334.41 an ounce and US gold futures eased 0.5 per cent to $1,338.10 an ounce
Oil prices slip on profit-taking as investors await US stockpile data
Major oil producers are gathering in Algeria for a three-day meeting that could see moves to cut or freeze oil output
 "Oil prices slip on profit-taking as investors await US stockpile data")
Oil prices slip on profit-taking as investors await US stockpile data
US West Texas Intermediate crude fell 6 cents to $45.87 a barrel, after rising $1.45