Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency.
Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world’s biggest economy was well placed to handle an expected first increase in interest rates in almost a decade.
The Securities and Exchange Board of India (SEBI) will soon form an advisory committee for the commodity derivatives segment, which has come under its regulatory purview since September 28. This would be first such SEBI-appointed committee for commodities.
Chevron has started producing gas from two new wells in the Bangladeshi state of Sylhet, aimed at easing the country’s chronic energy shortages.
The contentious issue of finance remains unresolved even as negotiators and ministers work towards framing a global agreement on climate change.
Gold imports may top 1,000 tonne this year due to lower international prices, say traders.
OPEC has abandoned all pretense of acting as a cartel. It’s now every member for itself.