Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the Phase One trade deal between the US […]
After having instructed Aramco to boost production to unseen levels, Saudi Arabia now plans to boost oil exports in May to a record 10 million barrels per day, causing oil prices to fall once again. In the last couple of days, Aramco has offered their Arab Light and Arab Heavy blends for between $25 and $28 dollar per barrel […]
Gold prices fell further last week and were on track to post their biggest weekly drop in nearly seven years, as a rout in global equities forced investors to cover margin calls. Spot gold was down 0.9 per cent to $1,562.30 an ounce on Friday. For the week, it was down about 6.7 per cent, […]
The world is set for its first annual decline in oil consumption in more than a decade due to the impact of the coronavirus outbreak, International Energy Agency (IEA) said. In its latest report — which did not take into account an oil price war after Saudi Arabia and Russia failed to agree to continue […]
Alphonso mango exports from Maharashtra are on the decline, top officials of the Maharashtra State Agriculture Marketing Board (MSAMB) said, as per a report in the Financial Express. The Geographical Indication (GI) tag could become a major aspect for export and the Marketing Board has therefore decided to come up with several incentives for GI […]
US oil supplies to India have jumped ten-fold to 2,50,000 barrels per day (bpd) in the last few years, visiting US Energy Secretary Dan Brouillette said. Speaking at a business meeting alongside US President Donald Trump, he said Indian imports of US oil were 25,000 bpd a couple of year ago, and have now risen to 2,50,000 bpd. US is […]
Gold prices hit a fresh record high on Monday tracking weakness in Indian rupee as the new cases of coronavirus surged in Italy, China, South Korea and Iran. “MCX gold has reached uncharted territory since its trading at multi-year high in the international market. Coronavirus has continued to spread in Iran and South Korea. IMF has said […]
Retail fuel price is set to ease out over the next few months, as the crude oil demand subdued across the globe. Crude oil prices are expected to remain low due to weak consumption. The global crude oil demand was hit hard by the coronavirus and the widespread shutdown of China’s economy, immediately after the […]
Opening the coal sector to private and foreign participation, a landmark reform initiated by the Narendra Modi government, marked the end of coal nationalisation and dubious captive mining era. In future, blocks will be awarded without any end-use restrictions. However, this may not trigger a rush for investments in the coal sector, says an article […]
Gold prices climbed to their highest level in seven years on Thursday as an uptick in the number of coronavirus cases in South Korea fueled worries over the wider economic impact of the outbreak. Spot gold rose 0.44 per cent to $1,618.38 per ounce by 1:41 p.m. EST (1841 GMT), after hitting its highest level since February 2013 […]
