By Ashitha Shivaprasad (Reuters) – Gold prices slipped on Thursday as the U.S. Federal Reserve’s aggressive monetary policy tightening plan dimmed the metal’s appeal, with additional pressure from a rebound in equities. Spot gold fell 0.18% to $1,849.52 per ounce by 2:12 p.m. ET (1812 GMT). U.S. gold futures settled up 0.07% at $1,847.6. Minutes …
Gold prices slip as Fed affirms aggressive policy stance Read More »
NEW DELHI (Reuters) – India’s state-owned Oil and Natural Gas Corp will invest 310 billion rupees ($4 billion) in the fiscal years 2022-2025, a growth of 50% over the last three year period, to intensify its exploration efforts, it said in a stock exchange filing. India, the world’s third biggest oil importer and consumer, ships …
India’s ONGC to boost exploration with $4 billion investment over 3 years Read More »
NEW DELHI (Reuters) – India’s top explorer Oil and Natural Gas Corporation is offering a stake to global oil companies to help develop challenging fields off the country’s east coast, according to a tender document. The company did not say how big a stake it was offering to a potential partner. India, the world’s third …
India’s ONGC to sell stake, seeks global help to develop fields Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares bucked broader market weakness to end higher on Thursday as investors picked up beaten-down financial and metal stocks after three straight sessions of losses. The NSE Nifty 50 index rallied in the last hour of trading to close 0.90% higher at 16,170.15, while the S&P BSE Sensex advanced …
Indian shares snap three days of losses as banks, metal stocks rally Read More »
By Rajendra Jadhav MUMBAI (Reuters) – India sugar prices are likely to remain firm despite New Delhi’s move to cap exports as stockpiles are set to fall to the lowest level in five years amid record shipments and robust local demand, industry officials told Reuters. Higher local prices will keep margins intact of sugar makers …
Indian sugar prices could remain firm despite curbs on exports- trade Read More »
By Joyce Lee and Florence Tan DAEGU, South Korea (Reuters) – Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top importer China in the run-up to peak winter season, industry executives said. Western sanctions on Russia due to the …
Global LNG markets brace for unknowns ahead of winter Read More »
By Clyde Russell LAUNCESTON, Australia (Reuters) – India’s coal woes show no sign of abating, with lower domestic supply expected to boost the need for imports, with this likely to keep seaborne prices at elevated levels. India cut the amount of coal domestic power plants can expect to receive in June by 11.1%, with utilities …
Column-India’s domestic coal crunch adds to import cost woes: Russell Read More »
By Ashitha Shivaprasad (Reuters) – Gold pared some losses on Wednesday after minutes from a Federal Reserve meeting suggested the central bank would stick to raising interest rates by half a percentage point in the June and July meetings. Spot gold fell 0.7% to $1,853.80 per ounce by 4:15 p.m. ET (2015 GMT), having fallen …
Gold pares losses as Fed minutes confirm expectations Read More »
By David Gaffen New York (Reuters) – Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started. Brent crude futures for July settled up 47 cents to $114.03 a barrel, while U.S. West Texas Intermediate (WTI) crude for July …
Oil edges higher on tight supply, rising U.S. refining activity Read More »
By Aditya Kalra DAVOS, Switzerland (Reuters) – India has no immediate plans to lift a ban on wheat exports, but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters. The world’s second biggest producer of wheat banned private overseas sales of the grain on May 14 after …
Exclusive-India has no immediate plan to lift wheat export ban, commerce minister says Read More »
