Commodities

Commodities News

EU looking at petroleum products made from Russian crude oil in India finding way to its market

Since Russia’s invasion of Ukraine in February last year, the Western powers have imposed a series of sanctions on Moscow including a price cap on Russian oil by G7-plus nations,.

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NCCF procures 2,826 tonnes onion from farmers for buffer stock; to scale up buying in coming days

The government enhanced the onion buffer stock target from 3 lakh tonnes to 5 lakh tonnes this year. The National Cooperative Consumers’ Federation of India (NCCF) on Saturday said it.

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Oil futures up 1% to one-week high on soaring US diesel prices

By Scott DiSavino NEW YORK (Reuters) -Oil futures climbed about 1% to a one-week high on Friday as U.S. diesel prices soared, the number of oil rigs dropped and a.

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Qatar does not see its relationship with China damaging the US -PM

DUBAI (Reuters) – Qatar is balancing its relationships with both the United States and China and one link does not damage the other, Prime Minister Sheikh Mohammed Bin Abdulrahman al-Thani.

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Energy trader Gunvor more than doubles provision for US fine

By Julia Payne BRUSSELS (Reuters) – Global energy trader Gunvor’s first-half net profit slipped to $803 million from $841 million a year earlier, it said on Friday, citing lower price.

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Gold clocks gains as dollar slips, Fed chair speech eyed; traders should buy on dips, go long around Rs 58,000

Gold prices gained, touching two-week highs as the dollar slipped on poor service PMI. Traders will look at Fed Chair Powell’s speech today at Jackson Hole. By Bhavik Patel Gold.

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Oil set for 2nd weekly fall on firm dollar as supply worries ebb

By Muyu Xu (Reuters) -Oil was headed for a second week of declines even as it rose on Friday, as the dollar firmed before a speech by Federal Reserve Chair.

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Oil companies sue U.S. over Gulf auction changes meant to protect whale

(Reuters) – An oil and gas industry trade group, the state of Louisiana and Chevron (NYSE:CVX) on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil.

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Govt considering floor price for onion exports

Mandis in Nasik to reopen after 3 days’ closure The government is considering a proposal to introduce a floor price for onion exports, to ensure that 40% export duty imposed.

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Oil down on weak economic data, US Fed chief’s speech in spotlight

Brent crude fell 19 cents, or 0.2%, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 24 cents, or 0.3%, to $78.65 a barrel. Oil.

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