• 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...

  • posted by IMV |
  • 28/2/2018

Commodity Alert: Oil struggles to shake off concern over demand after China dataOil prices struggled to stay in positive territory after data showed industrial activity in some of the world’s major crude-consuming nations has softened.oil prices declined on concerns of a slowdown in the global economy after three out of the world’s top consumers of crude - China, India and Japan - reported a slowdown in monthly factory activity.While China’s...

  • posted by IMV |
  • 28/2/2018

Commodity Alert : Oil prices fall on weak Asian industry data, rise in U.S. crude stocksOil prices fell as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, and as an industry data report showed an increase in U.S. crude stockpiles amid soaring output. Traders said oil prices declined on concerns of a slowdown in the global economy after China reported on Wednesday that factory...

  • posted by IMV |
  • 27/2/2018

Commodity Alert : U.S. to overtake Russia as top oil producer by 2019 at latest: IEAThe United States will overtake Russia as the world's biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country's shale oil boom continues to upend global markets. IEA Executive Director Fatih Birol said at an event in Tokyo the United States would overtake Russia as the biggest crude oil producer "definitely...

  • posted by IMV |
  • 26/2/2018

Commodity Alert: Oil hits nearly three-week high as Saudi Arabia to keep output well below capOil prices extended gains to hit their highest level in nearly three weeks today, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies. Prices were supported after Saudi Arabian oil minister Khalid al-Falih on Saturday said the country's crude production in January-March...

  • posted by IMV |
  • 23/2/2018

Copper futures exhibited bearish trend on MCX, as speculators reduced exposure, taking negative cues from alloy-makers in the physical market. Moreover, the red metal in London Metal Exchange (LME) declined as the dollar strengthened.Crude oil futures traded marginally lower on MCX on offloading positions by speculators as high US crude exports outweighed lower crude inventories in the world's biggest consumer of the fuel.Technical...