Commodities

OPEC set for no deal as Iran rejects Saudi oil output offer

Oil prices LCOc1 have more than halved from 2014 levels due to oversupply.

Sep 28, 2016

Oil prices rebound after Algeria says all options open at OPEC meeting

Brent crude futures advanced 42 cents to $46.31 after settling down $1.76, or 3.7 percent.

Sep 26, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil climbs 1% after surprise US crude stock draw

Oil prices rose after EIA data showed U.S. crude inventories declined to the lowest level since February.

Sep 22, 2016

Oil climbs as Venezuela sees output deal, Libya suffers clashes

The rise in oil prices is a reaction to Venezuelan comments about producers reaching a possible output agreement.

Sep 19, 2016

import pulses inflation retail food cpi data government import buffer stock prices stability

India to create buffer stock of 20 lakh tonnes of pulses to stabilise prices

While 10 lakh tonnes will be procured from farmers, the balance will be imported, say a government statement.

Sep 12, 2016

Oil prices fall as US drillers add new rigs, speculators cut long positions

Traders say the price falls on Monday and Friday were a result of increasing oil drilling activity in the United States.

Sep 12, 2016

Oil edges up, gains limited amid scepticism over freeze deal

Oil prices hit a one-week high on Monday after Russia and Saudi Arabia agreed to cooperate on stabilising the oil market.

Sep 7, 2016

Is the Saudi-Russian oil agreement another false dawn?

The two countries account for over 25% of the worlds crude oil production.

Sep 6, 2016

Saudi Arabia and Russia sign oil pact, could limit output in future

The announcement resulted in a spurt in oil prices as hopes emerged the two top producers would work to stem a global glut.

Sep 5, 2016

Oil prices rebound on weaker dollar despite bigger-than-expected US stock build

A weaker dollar makes greenback-denominated commodities, including oil, cheaper for holders of other currencies.

Sep 1, 2016

Oil prices rise as dollar comes off two-week high

A weaker dollar makes oil purchases cheaper for buyers using other currencies, potentially spurring demand.

Aug 30, 2016

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Oil prices fall on rising Iraq output, doubt over producer talks

Oil prices fell about 1 percent on Monday over Iraq's increased production; said it would only freeze output if its right to fully regain market share is recognized.

Aug 29, 2016

Oil prices dip as Saudi Arabia dampens prospects of output freeze

International benchmark Brent crude oil prices LCOc1 were trading at $49.55 per barrel.

Aug 26, 2016

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Your daily cup of tea could cost you more, thanks to GST

The Goods and Services Tax (GST) is likely to result in higher tea prices, says Cyrus Mistry, Chairman,Tata Global Beverages.

Aug 24, 2016

Oil prices fall on US crude stocks build; fears over China demand

Robust Chinese crude demand growth has been driven by independent refiners.