Commodities

Commodities News

Crude oil imports rise to 4-year high in March

Shipments from Russia remain elevated, but down on year. India’s crude oil imports rose to 5.2 million barrels per day in March, the highest level since early 2020 amid increased.

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China lifts tariffs on Australian wine, ends three-year freeze in trade

By Ryan Woo, Albee Zhang and Joe Cash BEIJING (Reuters) -China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday,.

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Oil prices advance as investors reassess US inventories data

By Katya Golubkova TOKYO (Reuters) -Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned.

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German wind power sector welcomes government offshore terminal funding

By Emma-Victoria Farr FRANKFURT (Reuters) -The German Offshore Wind Energy Foundation said the government’s decision to help fund the expansion of an offshore terminal is important to achieve expansion goals.

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Oil retreats from multi-month highs ahead of Fed decision

The Fed is not predicted to cut borrowing costs, but fresh economic projections could signal fewer interest rate cuts and a later start to the policy easing than previously expected..

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Will maximise refining margins irrespective of crude price trend: Nayara Energy CFO

Nayara, which owns the country’s second largest single-site oil refinery, will focus on refining margins, irrespective of any volatility in global crude oil prices. Nayara Energy, a private refinery, is.

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OMCs to take call on more price cuts, based on profitability: Puri

The minister’s statement comes in the wake of OMCs, including the Indian Oil Corporation (IOC), slashing prices of petrol and diesel by Rs. 2, a move that became effective on.

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Rice stocks 4 times the buffer at 57 MT

A year ago, rice stock held with FCI was lower at 21 MT, as FCI has supplied additional grain free to the beneficiaries under PMGKAY. The rice stocks held with.

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Petrol costliest in Andhra Pradesh & Kerala; BJP-ruled MP, Bihar close behind

That reduction brought relief to fuel users but rates continue to be above Rs 100 a litre mark in some states due to higher Value Added Tax (VAT). Petrol and.

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Commodities News

Oil retreats from multi-month highs ahead of Fed decision

The Fed is not predicted to cut borrowing costs, but fresh economic projections could signal fewer interest rate cuts and a later start to the policy easing than previously expected..

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