Commodities

By Muyu Xu SINGAPORE (Reuters) – Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its.

Analysts believe India and China will continue to import more than 80% of the Russian crude in the foreseeable future. Indian refiners have bought over half of the oil exported.

China’s sputtering economy has whipsawed global financial markets in the past few months, with a property crisis spooking investors amid contagion fears. Oil prices looked set to snap a seven-week winning.

Gold Rate Today, Gold Price in India on 17 August 2023: MCX Gold prices tumbled on Thursday. On the Multi Commodity Exchange, gold October futures were trading at Rs 58,468.

Traders will closely watch Chinese economic data and government policy moves, in addition to U.S. oil inventory data as oil producers in the country could start increasing output to gain.

OSLO (Reuters) – Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought, driven mainly by rising activity as well as cost inflation from.

Base metal commodities like copper and zinc saw a significant decline of 3% to 4% due to the prevailing deflation risk in China last week. By Saumil Gandhi In the.

The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised to Rs 7,100 per tonne from Rs 4,250 per tonne, according.

Crude oil market has propelled the recent rally in crude where it has jumped from $67 to $85 in the matter of one month. By Bhavik Patel Crude oil market.

Purchase from Saudi Arabia down a third sequentially in July The United Arab Emirates and Iraq have started regaining their share in India’s oil import basket as the world’s largest.