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26 May 17
Oil prices falls 4% on Opec output cuts
05:39 AM
Opec produces a third of the world's oil. Its production reduction of 1.2 million bpd was made based on October 2016 output of around 31 million bpd, excluding Nigeria and Libya.
25 May 17
Oil prices dip 5% as Opec's production cuts fall short of expectations
10:44 PM
Oil prices fell nearly 5 per cent on Thursday as Opec's (Organisation of Petroleum Exporting Countries) decision to extend production curbs fell short of expectations of deeper or longer cuts.
24 May 17
Oil prices rise as market expects extended output cut led by Opec
01:43 PM
Oil prices rose on Wednesday, supported by a confidence that the Organisation of the Petroleum Exporting Countries (Opec)-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
23 May 17
UAE heads to OPEC, backs oil output cut extension
12:46 PM
The United Arab Emirates supports extending oil output cuts for another term, Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday, saying ahead of an OPEC meeting he was optimistic about meetings held between Saudi Arabia and Russia.
Stop charging premium from Asian buyers: India to Opec
01:21 AM
India on Monday once again asked Organization of the Petroleum Exporting Countries (Opec) to stop charging the premium from its Asian buyers saying oil producers should not subsidise others at the expense of countries like India.
18 May 17
Copper futures fall 0.61 % on low demand
11:22 AM
Base metal copper prices declined by 0.61 per cent to Rs. 360.95 per kg in futures trade on Thursday, as participants were indulged in trimming positions amid subdued spot demand from consuming industries.
17 May 17
India's palm oil import spurts 2.25% in April
06:40 AM
Palm oil import rose 2.25 per cent to 7,52,632 tonnes in April on higher shipment of crude palm oil (CPO), industry body Solvent Extractors Association (SEA) said on Tuesday.
Global platinum supply likely to fall 2% this year
05:35 AM
Overall platinum supply is projected to fall by two per cent year-on-year to 7,330 kilo ounces (koz) in 2017, with both primary and secondary supply expected to decline.
Centre directs states to lift stockholding limit on pulses
05:10 AM
Union Food Minister Ram Vilas Paswan on Tuesday said the Centre had directed state governments to lift stockholding limits on pulses because of adequate supply and drop in prices.
12 May 17
Cotton prices to remain stable in Q1FY18; will buck usual trend: Ind-Ra
12:39 AM
India Ratings and Research (Ind-Ra) has revised its outlook for the cotton to stable for 2017-18, from negative last year due to balanced supply and demand situation, which will lead to stable cotton prices.
09 May 17
Gold heading towards no man's land
12:59 PM
Prices of gold could be heading into uncertain territory, for various reasons.
Oil curbs could extend beyond 2017, says Saudi Arabia
06:17 AM
Saudi Arabia’s oil minister said he’s confident that an agreement by producers to curb crude output and shrink a market glut will be extended into the second half of the year and possibly beyond.
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