Daily Masala

This is what others are talking about today:

Oil prices edge higher after dropping to near 11-year lows

Oil prices edged higher on Wednesday, rebounding from near 11-year lows in the previous session as concerns over growing supply and rising stock levels outweighed tensions between key Middle East producers.

Gold holds gains from two-day rally on safe-haven demand

Gold retained gains from a two-day rally on Wednesday, buoyed as markets shifted away from risk amid escalating tensions in the Middle East, fears of a slowdown in China and a slide in global equities.

Saudi-Iran split dashes chance of OPEC deal to curb oil glut

The collapse in relations between Saudi Arabia and Iran after the Saudi execution of a Shi’ite cleric puts an end to speculation that OPEC could somehow agree production curbs to lift the price of oil anytime soon.

Does Chinese slowdown alter the Indian commodities scene?

A slowdown in China is a global worry, particularly for commodities, as the dragon country consumes about half the world’s metals output and is also the second largest market for oil. However, for India, which is a net importer of commodities, lower prices can be a blessing.

West to press Chinese on overcapacity

Amid a global oversupply of steel, industrialized countries plan to urge China to address its excessive production capacity. The 34 members of the Organization for Economic Cooperation and Development, which includes Japan, the U.S. and European nations, plan to convene an emergency ministerial-level meeting in April. China is not a member but is expected to attend.

 

 

 

 

 

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