White metal loses shine on weak overseas cues

Silver futures were trading lower during evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal as safe-haven demand faded amid firm US dollar against a basket of other currencies.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest ra

Analysis - OPEC cuts, weak freight rates help traders profit on Asia crude routes

By Henning Gloystein

SINGAPORE - Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year.

Around 30 supertankers have this month made long-haul trips to ship crude oil from the Americas, the

Exclusive: China state firm in preliminary deal to buy Chevron`s Bangladesh gas fields - oil executives

By Chen Aizhu and Ruma Paul

BEIJING/DHAKA - China's state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said.

Zhenhua is a subsidiary of China's defence industry conglomerate NORINCO. A completed deal

Zinc futures dip on feeble global cues

Zinc futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators trimmed their positions in the industrial metal on supply concerns.

At the MCX, zinc futures for February 2017 contract is trading at Rs 190.45 per kg, down by 0.81 per cent, after opening at Rs 190.85, against a previous close of Rs 192. It touched the intra-day

Nickel futures dips on muted demand

Nickel futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators indulged in profit booking in the industrial metal on slide in physical demand amid firm US dollar.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest rate hike.

At the

Copper futures dip on strong dollar

Copper futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the industrial metal on strength in the US dollar.

However, ongoing supply worries from industrial action in Chile and an Indonesian export permit dispute supported copper prices. A stronger greenback erodes buying power for those paying

Yellow metal in reverse gear

Gold futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal as safe-haven demand faded amid firm US dollar against a basket of other currencies.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interes

Lead futures drop on ease in demand

Lead futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade

Aluminium futures rise on increasing demand

Aluminium futures were trading higher during afternoon trade in the domestic market on Wednesday as speculators built up fresh positions after pick-up in demand in the spot market amid positive global cues.

Analysts said participants created fresh positions due to pick up in demand from consuming industries in the spot market and strength in copper and other base metals overseas, main

Mentha oil rises on surging demand

Mentha oil futures were trading higher during the afternoon trade in the domestic market on Wednesday as investors and speculators increased their bets in the agri-commodity amid rising physical demand for mentha oil from major consuming industries in the domestic spot market.

At the MCX, mentha oil futures for February 2017 contract is trading at Rs 1018.50 per kg, up by 0.33 per cen

Cardamom futures surge on rising demand

Cardamom futures were trading higher during the afternoon trade in the domestic market on Wednesday as investors and speculators built up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the d

U.S. oil holds near 7-week high; OPEC upbeat on output curbs

By Aaron Sheldrick

TOKYO - Oil prices held near multi-week highs on Wednesday after OPEC signalled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.

The U.S. West Texas Intermediate April crude contract, the new front-month future, was up 17 cents, or 0.3 percent, at $54.50 a barrel at 0740 GMT

Gold slips on firmer dollar, market looks to Fed minutes

By Sethuraman N R

Gold slipped on Wednesday as the dollar firmed, with investors looking to minutes from the U.S. Federal Reserve's latest meeting for clues on the timing of interest rate hikes.

Spot gold had dropped 0.2 percent to $1,233.41 per ounce by 0645 GMT, while U.S. gold futures fell 0.4 percent to $1,234.60. Spot gold dropped as much as 1 percent to touch a one

Oil rises 1 percent as OPEC sees higher compliance with cuts

By Devika Krishna Kumar

NEW YORK - Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market.

OPEC Secretary General Mohammad Barkindo told an industry confe

Oil and Natural Gas Corp takes profit hit from royalty payments

By Nidhi Verma

NEW DELHI - Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states, the oil exploration company's finance head A. K. Srinivasan said.

ONGC has already made a 25 billion rupee payment to the two states as royalty on crude oil produced fro

OPEC sec gen says `too early` to say if supply deal should be extended

LONDON - While confidence has returned to the oil market due to agreed output curbs, it is too early to say whether the landmark OPEC/non-OPEC supply deal should be extended, the group's secretary general said on Tuesday.

"I think it would be very premature for the fact that the market is so dynamic it is becoming increasing challenging to forecast,"

Oil rises as OPEC aims for deeper output cuts

LONDON - Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.

OPEC Secretary General Mohammad Barkindo said January data showed conformity from participating OPEC nations with output curbs had been above 90 percent and oil inventories would decline f

White metal loses shine on weak overseas cues

Silver futures were trading lower during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal as safe-haven demand faded amid firm US dollar against a basket of other currencies.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest rate

Copper futures drop on dollar

Copper futures were trading lower during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the industrial metal on strength in the US dollar. However, ongoing supply worries from industrial action in Chile and an Indonesian export permit dispute supported copper prices.

A stronger greenback erodes buying power for those paying for d

Yellow metal in reverse gear

Gold futures were trading lower during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal as safe-haven demand faded amid firm US dollar against a basket of other currencies.

The greenback remained firm ahead of a clutch of speeches from US Fed officials this week for clues on the timing of possible interest rate

Crude oil futures rise on global cues

Crude oil futures were trading higher during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the energy commodity as hedge funds are betting big across oil markets following OPEC output cuts agreed last year.

Now, participants hold more crude futures and options after members of the Organization of the Petroleum Exporting Coun

Lead futures drop 0.26% on ease in demand

Lead futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

21/02/2017 11:10:26 AM | Posted in Commodity Top News read full news
Sluggish demand drags down aluminium futures by 0.28%

Aluminium futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for aluminium at the domestic spot market.

Further, a drop in physical demand for aluminium at the domestic spot market was due to cut down of positions by traders in the spot markets, infl

21/02/2017 11:09:20 AM | Posted in Commodity Top News read full news
Muted physical demand bites mentha oil

Mentha oil futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of positions by traders in the spot market was due to fall in physical demand for mentha oil from cons

21/02/2017 11:08:17 AM | Posted in Commodity Top News read full news
Uptick in demand buoys cardamom futures

Cardamom futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic

21/02/2017 11:05:25 AM | Posted in Commodity Top News read full news