Commodities

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15 Nov 17
Oil prices dip after IEA raises doubt over demand outlook for 2018
09:56 AM
Oil prices tumbled on Wednesday, continuing Tuesday's slide after the International Energy Agency cast doubts over the past months' narrative of tightening fuel markets.
08 Nov 17
Back to petroleum? Oil majors aren't buying into threat from renewables
01:02 PM
Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun.
Rising crude oil price drives up cost of synthetic textile raw materials
04:34 AM
Raw materials have become costlier by two to five per cent over the past month for synthetic textile manufactures, due to a sharp increase in crude oil prices.
07 Nov 17
Oil surges 3%, at highest since 2015
02:22 AM
Oil prices rose 3 per cent on Monday, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power over the weekend with an anti-corruption crackdown, while the US rig count fell and markets continued to tighten.
06 Nov 17
Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia
01:51 PM
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high-profile arrests.
27 Oct 17
Oil steady near $52 as Saudi prince backs Opec cuts
02:40 AM
Futures were little changed in New York after falling 0.6 per cent on Wednesday.
25 Oct 17
Southeast Asian oil demand to keep growing until 2040, says IEA
04:04 AM
Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations by road, the International Energy Agency said on Tuesday.
24 Oct 17
Oil hovers near $52 a barrel
04:19 AM
Oil traded near $52 a barrel as the Organization of Petroleum Exporting Countries (Opec) reported record compliance with pledged production cuts and US drilling slowed again.
10 Oct 17
How diamonds can become 'the new gold' for investors
10:02 PM
Diamonds can at last be an investor’s best friend, the Singapore Diamond Investment Exchange (SDIX) said on Tuesday, as it launched a new standardised form of the precious stones to rival gold ingots as a safe-haven alternative to cash.
Opec calls on US shale oil producers to slash global supply, prop up prices
12:25 PM
An oil rig drilling a well at sunrise, owned by Parsley Energy Inc.
09 Oct 17
Commodity picks: 9 October, 2017
04:56 AM
Mustard seed prices at the Jaipur markets were trading at Rs 3,900 a quintal. In the week ahead, prices are expected to head towards Rs 3,940 a quintal. Mustard seed arrivals are expected to decline in the coming days.
05 Oct 17
Jaggery producers to compete with sugar mills to buy early cane
01:52 AM
Encouraged by a sharp increase in realisation through last year, jaggery manufacturing units (termed kolhus) say they’re equipped for a price battle with sugar mills on sugarcane purchase.
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