Commodities Market News - International Business Times, India

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Oil plunges 25% after Saudi Arabia slashes prices, says will open taps

Oil prices plunged around 25%, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.

Mar 9, 2020

Aramco trades below IPO price for first time, after OPEC pact unravels

Shares of Saudi state oil company Aramco 2222.SE fell below their initial public offering (IPO) price on Sunday, March 8 for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.

Mar 8, 2020

Government to facilitate onion imports from Iran, Egypt & Turkey amid soaring prices

This decision was taken at a meeting of the inter-ministerial committee headed by Consumer Affairs Secretary Avinash K Srivastava on November 5, reviewing the prices and availability of onions in the country.

Nov 6, 2019

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Gold prices moving to all-time highs as China-US trade war escalates

As gold rallies, Indian markets are getting support even from the depreciating rupee, apart from the global uncertainties.

Aug 26, 2019

Budget 2019: Raise in import duties on gold, other precious metals

Shares of jewellery makers such as Titan and PC Jeweller fell as much as 5 percent after the announcement.

Jul 5, 2019

Sharp fall in exports keeps farm produce prices suppressed

The Modi government's plans to woo back farmers in election year hit a roadblock as the global glut in agricultural commodities drives traders to delay off-take expecting lower prices.

Feb 12, 2019

Traders on warpath against commodities exchanges timing revision, risk fee hike

Protest action spreading to more agricultural wholesale markets outside Rajasthan and Gujarat as extended hours set to take effect from Monday

Dec 22, 2018

sugarcane, sugar output, sugar production in india, isma, isma estimates, sugar stocks

Centre sour as sugar exporters miss target by wide margin

The Modi government is facing pressure from sugarcane farmers as prices remain low from inventory build-up and weak export uptake.

Dec 17, 2018

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China eats into world's largest natural gas reserve as Total exits Iran's South Pars

Total, whose footprints are writ large in the oil exploration history of the Middle East, was the first western firm to invest in Iran, following the lifting of US sanctions in 2015.

Nov 26, 2018

Petrol and diesel prices: Here's why one-year low in crude oil prices doesn't reflect in India

Domestic fuel prices suffer a lag in reflecting international price fall because of weakening rupee and various government levies.

Nov 25, 2018

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Petrol, diesel prices to rise further as global crude poised to touch $100

New Iran sanctions will take 2 million bpd off the markets even as US inventory gets thinner. Fuelled further by supply disruptions elsewhere, global crude prices could breach $100, analysts warn.

Sep 24, 2018

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Business news

Oil plunges 25% after Saudi Arabia slashes prices, says will open taps

Aramco trades below IPO price for first time, after OPEC pact unravels

Government to facilitate onion imports from Iran, Egypt & Turkey amid soaring prices

Gold prices moving to all-time highs as China-US trade war escalates

Budget 2019: Raise in import duties on gold, other precious metals

Sharp fall in exports keeps farm produce prices suppressed

Traders on warpath against commodities exchanges timing revision, risk fee hike

Centre sour as sugar exporters miss target by wide margin

China eats into world's largest natural gas reserve as Total exits Iran's South Pars

Petrol and diesel prices: Here's why one-year low in crude oil prices doesn't reflect in India

Bittersweet surplus: Farmers, governments in crisis as sugar output surges

Will fuel price relief last? Probably not, as global crude market will harden again

Fuel pain set to last, and worsen, as crude oil predicted to hit $100 a barrel

Crude oil price hits 4-year high as S Arabia, Russia reject US call to raise output

Petrol, diesel prices to rise further as global crude poised to touch $100