Export-Import Bank of India (Exim Bank) has forecast that India’s merchandise exports will increase from 81.9 billion dollars to 84 billion dollars with an expected growth rate of 2.5% during the first quarter (April to June) of 2019-20 over the corresponding quarter of the previous year. Of this, non-oil exports are likely to increase from […]
India and the United States have discussed ways to enhance energy security and also work together to further develop gas-based economy in India, an Indian government statement said. It said India’s Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan had a telephonic conversation with the U.S. counterpart Rick Perry during which the two also […]
If you had followed our Akshaya Tritiya advice to buy gold, you would have certainly been richer today. Spot gold prices are up by around 3% since then, but even if you missed the run then it may not be too late to buy. The stars are lining up for a further rally, perhaps stronger […]
Growth of eight core sectors slowed to 2.6 per cent in April compared to 4.7 in same month last year, government data showed. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 127.5 in […]
Although refiners in Asia are not left without choice for crude after the end of the U.S. sanction waivers for Iranian oil, the higher price of alternative supplies, as well as soaring fuel exports from China, are depressing refining margins across Asia. Asian oil buyers haven’t had problems in procuring alternate supplies of crude oil […]
India’s natural gas production decreased marginally to 2,656 million standard cubic meter (MMSCM) in April 2019, as compared to the corresponding month a year ago. This was primarily due to a fall in production from fields under production sharing contracts (PSC). The country had produced 2,663 MMSCM of natural gas in April 2018. Oil and […]
India’s crude oil production fell over 4 per cent in the financial year 2018-19 after aging fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) missed the target, official data showed. India produced 34.2 million tonnes of crude oil in the fiscal year ended March 31, down from 35.7 million […]
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said. Metal prices are expected to continue a recovery in 2019 that follows a sharp drop […]
Brent Crude prices are expected to average $62.50 a barrel next year, down from $65 this year as slowing global economic growth could impact oil demand growth, Dmitry Marinchenko, senior director at Fitch Ratings, told Reuters in an interview published on Friday. Fitch sees Brent Crude prices falling further down in coming years, to average $57.50 a […]
Unable to secure a waiver extension from Washington to continue buying Iranian oil, Japanese refineries are putting the brakes on further imports in order to give payments enough time to be processed under the existing waiver. In total, Japanese refiners purchased over 15 million barrels of Iranian crude from January through March, but the waiver […]
