Commodities

Commodities News

Budget 2024 Expectations: From CTT to GST issue, here are long-pending demands of commodity market participants

Budget 2024 Expectations: The commodity markets in India are seeking several changes in the upcoming budget, including the reduction or abolishment of the Commodity Transaction Tax, addressing GST issues, providing.

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Commodities News

Russian oil depot on fire after attempted Ukrainian drone attack

By Andrew Osborn and Filipp Lebedev (Reuters) -Four oil tanks at a large storage facility in the town of Klintsy in Russia’s western Bryansk region caught fire on Friday after.

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Commodities News

Oil edges up 1% on big US crude withdrawal, China stimulus

By Scott DiSavino NEW YORK (Reuters) – Oil prices edged up about 1% on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical.

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Commodities News

Import duty relief for edible oils extended till March 2025

To provide relief to consumers, the government in June last year had reduced the import duty on refined soybean and sunflower oils to 12.5% from 17.5%. The government on Tuesday.

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Commodities News

Oil nudges up as investors eye Mideast conflict

By Florence Tan and Emily Chow SINGAPORE (Reuters) -Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East following strikes by U.S. and.

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Commodities News

Iran seizes oil tanker involved in U.S.-Iran dispute in Gulf of Oman

By Jana Choukeir, Ahmed Elimam and Robert Harvey DUBAI (Reuters) -Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of.

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Commodities News

Oil rises 3% to two-week high as Mideast tensions surge

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a two-week high on Thursday after Iran seized an oil tanker off the coast of Oman, raising the.

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Commodities News

Oil prices mixed amid economic concerns, Red Sea issues

By Trixie Yap (Reuters) -Oil prices were mixed on Tuesday, after posting losses the previous session, as broad economic concerns outweighed continued tensions in the Middle East that led to.

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Commodities News

Iran seizes oil tanker involved in U.S.-Iran dispute in Gulf of Oman

By Jana Choukeir, Ahmed Elimam and Robert Harvey DUBAI (Reuters) -Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of.

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Commodities News

Oil edges lower despite Middle East conflict

By Nia Williams (Reuters) -Oil prices weakened slightly on Monday as the Middle East conflict’s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week..

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