Commodities

Commodities News

Oil producers led by Saudis extended supply cuts amid slack prices

The OPEC+ statement didn’t say what would happen to an additional set of voluntary cuts that include a reduction of 2.2 million barrels a day by a smaller group of.

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Analysts see crude around $60 in medium term, to curb India’s import bill

“We believe risks to a strong oil price outlook in the medium term are rising as OPEC+ strategy shifts from ‘managing’ oil prices to ‘protecting market share’,” said Motilal Oswal.

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Commodities News

Crude import bill up 21.4% in April-May

Discounts on Russian oil narrows. India’s crude oil imports in the first two months of the current fiscal increased by almost 6% to 43.1 million tonnes from 40.6 million tonnes.

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Oil steady as downbeat Chinese data offset demand hopes

By Alex Lawler LONDON -Oil was steady on Monday after Chinese economic data underscoring a bumpy recovery for the world’s biggest crude importer offset hopes for a boost to demand.

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Oil dips, but posts weekly gain on solid 2024 demand outlook

By Nicole Jao NEW YORK (Reuters) -Oil futures prices settled slightly lower on Friday after a survey showed deteriorating U.S. consumer sentiment, but prices rose 4% for the week as.

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Oil reports best weekly gain since April on robust demand outlook for 2024; Brent up 4% at $82/bbl

Brent and the US benchmark gained four per cent on the week, the highest weekly rise in percentage terms since April. International crude oil prices settled slightly lower in the.

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SPP seeks approval to become first US grid operator bridging western and eastern interconnections

(Reuters) – Central U.S. power grid operator Southwest Power Pool (NASDAQ:POOL) (SPP) said on Wednesday that it had filed for approval to add western entities under its tariff to provide.

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Precious metals firm turns Florida aviation hangar into silver mint in bet on US market

LONDON (Reuters) – Precious metals company MKS PAMP Group, which owns refineries in Switzerland and India, has repurposed an aviation hangar in Florida, taken on lease, for a silver mint.

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California approves community solar program backed by utilities

(Reuters) -The California Public Utilities Commission on Thursday approved a new solar energy program that the industry had said would not go far enough to incentivize smaller community projects. The.

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US summer home power bills to jump by nearly 8%, energy policy organizations say

NEW YORK (Reuters) – U.S. home energy bills are expected to rise by 7.9% this summer as extreme heat increases cooling costs, according to a study released on Monday by.

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