COMMODITIES NEWS - Page 5

natural gas imports, natural gas, natural gas prices, natural gas cost, Indian express business,

India’s reliance on imported natural gas rises to 46% during April-February periodSubscriber Only

March 29, 2024 11:44 IST

India’s natural gas consumption, and consequently imports, had been on a growth trajectory till FY20, with the government’s push to increase the share of the fuel in the country’s primary energy mix to 15 per cent by 2030 from a little over 6 per cent.

Gold Price Today: Yellow metal marginally up on global cues

March 28, 2024 13:20 IST

Meanwhile, spot gold was up 0.1 per cent at $2,195.59 per ounce. U.S. gold futures edged 0.2 per cent higher to $2,195.10.

Gold prices see modest decline; Check price in your city

March 27, 2024 11:47 IST

As per Goodreturns website, the price for gold stands at Rs 6,135 per gram for 22 karat gold and Rs 6,693 per gram for 24 karat gold (also called 999 gold)

Govt’s sugar policies ensured stable retail prices, timely payment to farmers: Official

March 26, 2024 19:40 IST

Ethanol production capacity from sugar/molasses in the country has crossed 900 crore litres which is more than 4 times the capacity 10 years back.

Gold firms on hopes for US Federal Reserve rate cut, softer dollar

March 25, 2024 12:38 IST

Gold prices rose to an all-time high on Thursday after Fed policymakers indicated they still expected to reduce interest rates by three-quarters of a percentage point by the end of 2024 despite recent high inflation readings.

Oil rises as heightened geopolitical risks exacerbate supply concerns

March 25, 2024 10:30 IST

Brent crude futures climbed 52 cents, or 0.6%, to $85.95 a barrel at 0359 GMT. U.S. crude futures gained 55 cents, or 0.7%, to $81.18 per barrel.

Gold Price Today: Yellow metal surges to record high

March 21, 2024 13:03 IST

The yellow metal opened at Rs 66,100 per 10 gm on the back of US Federal Reserve's decision to keep interest rates steady at 5.25-5.5 per cent.

Oil slips as Russia lifts supplies, jet fuel demand stirs caution

March 19, 2024 12:39 IST

The Brent crude oil futures contract for May delivery slipped 15 cents to $86.74 a barrel as at 0433 GMT, while U.S. West Texas Intermediate (WTI) prices fell 14 cents to $82.02. The WTI April contract, with expires tomorrow, fell 15 cents to $82.57.

Crude oil prices build on last week’s strength as supply risks rise

March 18, 2024 13:57 IST

The April contract for U.S. West Texas Intermediate (WTI) crude was up 49 cents, or 0.6%, at $81.53. The more active May delivery contract for WTI traded 50 cents, or 0.6%, higher at $81.08 per barrel.

International crude oil prices set to end week about 4% higher

March 15, 2024 12:20 IST

Brent crude oil futures fell 25 cents or 0.3% to $85.17 a barrel at 0533 GMT, after crossing $85 a barrel for the first time since November on Thursday. U.S. West Texas Intermediate (WTI) crude fell 22 cents or 0.3% to $81.04.

OPEC says IEA commentary on oil security encouraging

March 13, 2024 16:19 IST

"While the world's dependence on oil is lessening, it remains deep-rooted, so supply disruptions can still cause significant economic harm and have a substantial negative impact on people's lives," the IEA said in a commentary written by energy security analyst Ronan Graham and researcher Ilias Atigui released on Monday.

Gold prices rise by Rs 60 to Rs 65,541/g

March 13, 2024 14:24 IST

On the Multi Commodity Exchange, gold contracts for April delivery traded higher Rs 60 or 0.09 per cent at Rs 65,541 per 10 grams in a business turnover of 16,600 lots.

Crude oil futures gain by Rs 60 per barrel on spot demand

March 12, 2024 14:29 IST

On the Multi Commodity Exchange, crude oil for March delivery traded higher Rs 60 or 0.93 per cent at Rs 6,503 per barrel in 3,132 lots.

Gold, Silver Price Today: Price of yellow metal falls below 66,000

March 12, 2024 16:45 IST

In the domestic market, gold price is trading at Rs 6,074 per gram for 22 karat gold and Rs 6,626 per gram for 24 karat gold.

Oil prices steady as Middle East war counters China demand concerns

March 11, 2024 16:27 IST

Brent futures were up 26 cents at $82.34 a barrel as at 1015 GMT, while U.S. West Texas Intermediate (WTI) rose 23 cents to $78.24.

Gold, Silver Prices Today: Price of yellow metal marginally up

March 11, 2024 13:53 IST

This comes as international gold prices took a breather from a record-breaking rally after a cooling U.S. labour market and remarks from the Federal Reserve.

Govt raises MSP for raw jute by Rs 285 to Rs 5,335 per quintal for FY25

March 7, 2024 22:21 IST

The MSP for 2024-25 will ensure a return of 64.8 per cent over the all-India weighted average cost of production, an official release said.

India's fuel consumption rose 5.7 per cent year-on-year in February

India’s fuel demand rises 5.7% YoY in February on strong factory output

March 7, 2024 15:32 IST

Total consumption, a proxy for oil demand, totalled 19.72 million metric tons (4.98 million barrels per day) in February, up from 18.66 million tons last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Gold Price Today: Price of yellow metal increases on March 7

March 7, 2024 12:23 IST

Price for 22 carat gold is Rs 6,010 per gram today while that of 24 carat gold, also called 999 gold, is trading at Rs 6,556 per gram, as per Goodreturns website.

Oil prices hold gains on upbeat China trade data

March 7, 2024 11:15 IST

The world's top crude importer posted a 5.1 per cent rise in imports in the first two months of 2024 from a year earlier to about 10.74 million barrels per day (bpd), customs data showed on Thursday.

Gold, Silver prices Today: Price of yellow metal falls

March 6, 2024 14:26 IST

The yellow metal is renowned for its role as a store of value during economic uncertainties. Its prices stands to gain from central bank easing of its monetary policy.

Gold, Silver Price Today: Yellow metal trades near Rs 63,400

March 4, 2024 12:55 IST

Gold Prices Today: Taking cues from global prices, gold prices in India increased on Monday. Gold prices also inched higher owing to the fall of the dollar index. The index, which measures the American currency against its six peers, is trading 0.03 per cent higher at 103.88. At 12 pm, gold futures with 5 April […]

OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia

March 4, 2024 09:46 IST

Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the multinational organisation noted.

Oil imports from Russia stable in Feb, little room seen for volume growthSubscriber Only

March 2, 2024 09:30 IST

A combination of reasons — including a drop in Sokol crude purchases by Indian refiners, narrowing discounts on Russian crude, increasing cost of freight and risk premiums amid the Red Sea crisis, and a rising number of tankers being sanctioned by the United States for G7 price cap violations — indicate low possibility of growth in India’s Russian oil imports over the next few months.

Crude oil prices rise 1% as markets await OPEC+ supply decision

March 1, 2024 16:06 IST

Brent futures for May were up $1.01, or 1.23 per cent, at $82.92 a barrel by 09:50 GMT. The April Brent futures contract expired on February 29 at $83.62 a barrel.