• posted by IMV |
  • 15/3/2018

Commodity Alert : Oil prices stable on healthy demand, but oversupply looms later in 2018Oil prices held steady supported by healthy global demand but capped by the relentless rise in U.S. production that is undermining efforts led by producer cartel OPEC to cut supplies and prop up markets. Prices were receiving support from healthy demand. The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that oil consumption was...

  • posted by IMV |
  • 13/3/2018

Gold futures prices traded moderately lower as upbeat U.S. payrolls data sparked a fresh rally in equities, shoring up expectations that the U.S. Federal Reserve would press ahead with further interest rate rises this year. Moreover, the yellow metal also dipped as traders remained concerned about a potential trade war between United States and other major economies.Crude oil futures traded marginally higher as speculators enlarged their...

  • posted by IMV |
  • 13/3/2018

Commodity Alert: Oil prices fall on relentless rise in U.S. crude outputOil prices fell extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on markets. Oil prices fell on the back of concerns that surging U.S. production ... could push inventories in the U.S. higher," ANZ bank said on Tuesday. U.S. crude oil production soared past 10 million barrels per day (bpd) in late 2017, overtaking output by top...

  • posted by IMV |
  • 08/3/2018

Commodity Alert: Oil prices rebound with decline in gasoline inventoriesOil prices rebounded slightly in morning, pulled up by a report from the Energy Information Administration (EIA) that gasoline inventories had dipped. Oil prices had dropped following a decline of more than 1 percent in S&P 500 Futures, triggered by the resignation of key free-trade advocate Gary Cohn, economic adviser to U.S. President Donald Trump, on Tuesday. The EIA...

  • posted by IMV |
  • 07/3/2018

Commodity Alert : Natural Gas - March Is Turning Out To Be Colder Than ExpectedStrong exports growth and an increase in national consumption ensured that the growth in total demand stayed positive. In fact, on an annualized basis, aggregate demand has not posted a single negative growth figure since January 2010. March is turning out to be colder than expected. A storage report of -62 Bcf would be compared to -57 Bcf last year and -129 Bcf for...

  • posted by IMV |
  • 07/3/2018

Commodity Alert : Oil prices fall as Cohn departure raises trade war fearsOil prices pulled down by weaker share markets after a key advocate for free trade in the U.S. government resigned, triggering concerns that Washington would go ahead with import tariffs and risk a trade war. oaring U.S. crude oil production and rising inventories were also weighing on crude prices, traders said. Gary Cohn, economic adviser to U.S. President Donald Trump,...

  • posted by IMV |
  • 06/3/2018

Gold futures traded higher as sentiment on the greenback remained vulnerable amid uncertainty surrounding US import tariffs imposed last week has led to a spurt in the volatility amidst worries of a potential trade war between US and its trading partners, which have rung an alarming bell on slowing down some of the major economies of the world forcing the major global equities settled the session lower. More importantly, it has taken the focus of...

  • posted by IMV |
  • 06/3/2018

Commodity Alert: First crude oil, now gas: India starts importing LNG from USAfter crude oil, India today began importing natural gas from the US, with the first shipment of LNG under a 20-year deal being flagged off from Louisiana. State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana. “The cargo has been loaded on-board...

  • posted by IMV |
  • 06/3/2018

Commodity Alert: Oil extends gains on IEA growth forecasts, hopes for OPEC-U.S. shale producer talksOil prices extended gains on Tuesday for the fifth straight day, underpinned by robust demand forecasts and prospects for informal contacts sought by OPEC with U.S. shale oil producers at a key industry meeting in Houston this week. The International Energy Agency (IEA) said on Monday global oil demand was expected to grow in the next five years,...

  • posted by IMV |
  • 05/3/2018

Commodity Alert: Import duty on crude, refined palm oils hikedAimed at safeguarding the interests of the domestic edible oil crushing industry and oilseed farmers in India, the Ministry of Finance last week increased the import duty on refined and crude palm oil to the highest levels in recent years. In a late-night announcement by the Department of Revenue, the government hiked the import duty on Crude Palm Oil (CPO) to 44 per cent from 30 per...