Commodities

Commodities News

EBRD backs 4 billion euro plan to wean North Macedonia off coal power

By Libby George, Karin Strohecker and Simon Jessop LONDON (Reuters) – International lenders including the European Bank for Reconstruction and Development and the World Bank are backing a 4 billion.

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Edible oil imports hit a record 16.5 MT in 2022-23

Value of imports down 11% on year to Rs 1.38 trn. India’s import of edible oils – palm, soybean and sunflower – rose 17% on year to a record 16.47.

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Commodities News

US plans to buy 1.2 million barrels of oil for Strategic Petroleum Reserve

WASHINGTON (Reuters) – The U.S. plans to buy 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after it sold off the largest amount ever last year,.

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U.S. manufacturing has plateaued after post-pandemic rebound: Kemp

By John Kemp LONDON (Reuters) -U.S. manufacturing activity has shown little or no growth in the last year as businesses struggle with lacklustre consumer spending on merchandise and excess stocks.

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Gold Rates: MCX gold inches higher on weaker dollar rates and lower Treasury yields; support is seen at Rs 59840-59670, resistance at Rs 60250-60430

Gold Rate Today, Gold Price in India on November 15, 2023: US gold futures gained 0.2% to $1,971.10, and spot gold was up 0.2% to $1,967.27 per ounce after rising.

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Oil dips on prospect of peak US production, despite strong demand signals

By Paul Carsten LONDON (Reuters) -Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak production, offsetting positive crude demand signals from.

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EU agrees law to hit fossil fuel imports with methane emissions limit

(Reuters) – The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to.

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From $89 to near $100 and back: How Brent crude moved since last Diwali over OPEC+ cuts & more

Oil prices swung to $97/bbl-mark in September as the production cuts first announced by oil majors Saudi Arabia and Russia in July, led to a sharp surge in international crude.

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Exclusive-US, Indonesia to discuss potential for deal on EV minerals -sources

By Trevor Hunnicutt and Ernest Scheyder WASHINGTON (Reuters) – The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of.

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Commodities News

Oil wavers on weak demand outlook in US and China, Fed hedging

By Paul Carsten LONDON -Oil prices wavered on Monday, as renewed concerns over waning demand in the United States and China, coupled with mixed signals from the U.S. Federal Reserve,.

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