Commodities Market News - International Business Times, India : page 3

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Oil prices fall as Iranian crude tanker exports surge, US adds more rigs

The amount of Iranian oil held at sea has dropped to 16.4 million barrels, from 29.6 million barrels at the beginning of October.

Jan 9, 2017

Oil prices rise as hopes soar over OPEC-non-OPEC deal to slash production

The deal, which was agreed on in November to reduce output by almost 1.8 million barrels daily, officially came into force on Jan 1

Jan 3, 2017

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Bitcoin rings in new year with a bang

Digital currency Bitcoin rose to a three-year high to breach the $1,000 mark, indicating brisk trading ahead.

Jan 2, 2017

US shale oil industry gets a major boost after largest deposit found in Permian Basin

The deposit, estimated to be worth $900 billion, brings good news for the oil mining industries in the area, but can have ecological implications.

Dec 28, 2016

Oil gains post-Christmas ahead of OPEC, non-OPEC cuts

Oil has been supported in the past several weeks as the OPEC and non-OPEC members have agreed to lower output.

Dec 27, 2016

Oil prices fall on profit taking, strong dollar

A strong dollar makes greenback-denominated commodities, including oil, more expensive for holders of other currencies.

Dec 23, 2016

Budget 2017: As oil prices rise on a slippery path, beware of a dead cat bounce

A supply glut and changing world demographics will act as sufficient ingredients for volatile or direction-less oil prices in 2017.

Dec 22, 2016

Yen eases as Bank of Japan keeps policy steady, Asia stocks mixed

The Bank of Japan signalled its conviction that a generally weak yen and a rebound in overseas demand will lift prospects for a solid recovery.

Dec 20, 2016

Oil prices rise in anticipation of tighter 2017 market

Traders said the higher prices in front-month crude futures were due to expectations of a tighter market.

Dec 19, 2016

sugar production india isma estimates crushing consumption demonetisation

India's sugar production rises 11% in season 2016-17 till December 15: ISMA

Estimates by India's sugar industry body ISMA say that production for 2016-17 will be 234 lakh tonnes.

Dec 16, 2016

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Donald Trump wins Time Person of the Year

President-elect Donald Trump has been awarded Time Person of the Year for 2016. Time magazine honours those that have the biggest political and/or cultural impact throughout that year. The divisive Trump has also divided Twitter with some in horror, others supporting the decision, but many just making jokes about The Donald winning.

Dec 7, 2016

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What is next for oil prices after Opec?

Opecs surprise decision to cut oil production by 1.2 million barrels per day has boosted the crude oil price. Financial columnist Edmund Shing asks whats next for the oil industry and whether now is a good time to invest in companies dealing with crude.

Dec 7, 2016

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