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'India's awe inspiring journey under PM Modi's leadership...': Hardeep Singh Puri's 'interesting conversation' on HARDtalk after 2 decades

'India's awe inspiring journey under PM Modi's leadership...': Hardeep Singh Puri's 'interesting conversation' on HARDtalk after 2 decades

Sat, Feb 08, 2025

The Union Minister, serving as Petroleum and Natural Gas Minister under since 2021, has revealed parts of his interaction with English journalist Stephen Sackur for BBC programme HARDtalk.

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Thu, Nov 28, 2024

The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.

Central government has tools to deal with volatile crude oil rates, says official

Central government has tools to deal with volatile crude oil rates, says official

Fri, Oct 04, 2024

India is bound to be impacted by the spillover impact of global developments, a central government official has said.

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Commodities Live: Heavy selling in Commodity market, Gold, Silver, Crude and Base Metals slipped

Commodities Live: Heavy selling in Commodity market, Gold, Silver, Crude and Base Metals slipped

Mon, May 09, 2022

There has been a heavy selling environment in the commodity market today. Gold, silver, crude and base metals slipped. On MCX, gold came under ₹ 51,000 and silver fell under ₹ 61,400. Gold in the global market below $1860, a fall of $25. MCX crude slipped below ₹8,350. Crude has declined by more than 2%. Brent $111 and WTI crude slipped below $108. Zinc prices fell more than 4%. The price of aluminum fell below ₹ 235 i.e. 2.5%. Worries about declining demand from China dominate prices. Today there was a sharp fall in the commodity market because the rupee is at a record low level. The jump in the dollar index is trading at a 20-year high. Safe investment in gold has reduced demand. Factory activity in China at a 2-year low as strict and widespread COVID-19 restrictions halted factory production and dampened domestic demand.

Commodity Superfast: Crude oil, Gold and silver fell sharply, know why the commodity is under pressure today?

Commodity Superfast: Crude oil, Gold and silver fell sharply, know why the commodity is under pressure today?

Mon, May 09, 2022

Today the commodity market is under pressure. Gold-silver, metals, crude oil are trading in all red marks. Crude oil is down about 1%. Weakness of more than Rs 200 in gold. The price of silver has broken more than Rs 500 and crude oil has come down to Rs 8,350. There is a sharp fall in crude oil today. Brent $111 and WTI crude slipped below $108. There is a weakness of about 2% in crude. Worries about declining demand from China dominate prices. On MCX, gold is trading below 51,200 and silver is trading near 62,000. Today the mood of the commodity market has deteriorated as the rupee is at a record low. The rupee depreciated sharply against the dollar.

Crude oil rises nearly 1.5%, set for another weekly rise amid supply concerns

Crude oil rises nearly 1.5%, set for another weekly rise amid supply concerns

Sat, May 07, 2022

Oil prices rose nearly 1.5% on Friday, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Commodities Live: Crude oil surge again, What will happen in crude now?

Commodities Live: Crude oil surge again, What will happen in crude now?

Fri, May 06, 2022

Crude oil has risen in the commodity market today. On the Multi Commodity Exchange, the price of crude oil has increased by ₹8,500 i.e. 3%. Brent reached $113 and WTI crude is trading above $110. What will happen in crude now? Watch Commodities Live with Mrityunjay Kumar Jha for more details.

Commodity Superfast: Gold prices surge after several days of decline! Know today's latest rates

Commodity Superfast: Gold prices surge after several days of decline! Know today's latest rates

Fri, May 06, 2022

Today, after several days of decline in the commodity market, the prices of gold have increased. A fall in the prices of gold was seen on the Multi Commodity Exchange. At the same time, due to increase in buying today, an increase in prices is being seen. Gold June futures is trading at ₹51,200 i.e. 0.66% per 10 grams with a gain of Rs 334. Gold prices have increased in the Indian markets due to the depreciation of the rupee against the dollar. At the same time, due to the increase in new cases of corona virus, people are again turning to safe investment options. This is supporting the gold prices. At the same time, crude oil also rosed at MCX. Crude oil is trading above ₹8,500 i.e. 2.94% on the Multi Commodity Exchange. Brent reached $113 and WTI crude is trading above $110.

India's oil imports from Russia, minuscule compared to consumption, says Petroleum Ministry

India's oil imports from Russia, minuscule compared to consumption, says Petroleum Ministry

Wed, May 04, 2022

The Ministry of Petroleum & Natural Gas on Wednesday issued a statement over a report on the purchase of crude oil from Russia.

Investors keep calm in US Fed countdown, crude jumps

Investors keep calm in US Fed countdown, crude jumps

Wed, May 04, 2022

Wall Street was headed for a steady start with stock index futures slightly firmer ahead of the open, helped by positive earnings updates from Advanced Micro Devices, which rose 6% pre-market after forecasting stronger than expected full year revenue

Commodity Superfast: Crude prices jump as EU plans ban on Russian oil

Commodity Superfast: Crude prices jump as EU plans ban on Russian oil

Wed, May 04, 2022

Crude oil prices have jumped today. Brent crude has gained 3%, trading around $108 a barrel, while US West Texas Intermediate (WTI) crude futures climbed above $106 a barrel. MCX Crude futures is trading above ₹8,100. EU will gradually stop buying oil from Russia. Crude oil prices have risen as the EU commissioner proposed sanctions on Russia this morning. The EU will stop buying oil in phases over the next 6 months. Hungary Slovakia will have 20 months.

Oil falls on China growth concerns even as EU weighs Russia import ban

Oil falls on China growth concerns even as EU weighs Russia import ban

Mon, May 02, 2022

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world`s top oil importer, outweighed fears of potential supply disruptions from a looming European Union ban on Russian crude.

Crude Oil prices reverse late in session as heating oil contract plunges

Crude Oil prices reverse late in session as heating oil contract plunges

Sat, Apr 30, 2022

Oil prices fell on Friday, reversing in volatile trade, pulled downward by the U.S. heating oil contract that plummeted by more than 20% at one point on the day of its expiration.

Trading Calls Today: Expert gives his top trading calls on MCX, Gold, Silver, Copper, Crude Oil, USDINR, and equities – this is what he suggests

Trading Calls Today: Expert gives his top trading calls on MCX, Gold, Silver, Copper, Crude Oil, USDINR, and equities – this is what he suggests

Fri, Apr 29, 2022

Trading Calls Today: Expert Anuj Gupta spells out money making strategy for Friday, the last trading day for April. Gupta, who is Vice President Research at IIFL Securities gives his trading calls on commodities including MCX Gold and Silver futures, MCX Copper, Crude Oil futures, USDINR futures

Oil edges lower as mass COVID testing begins in China

Oil edges lower as mass COVID testing begins in China

Thu, Apr 28, 2022

Oil prices edged lower in early Asian trade on Thursday as concerns about rising coronavirus cases in China, the world`s biggest oil importer, weighed on futures markets.

Oil prices extend gains after news of China stimulus

Oil prices extend gains after news of China stimulus

Wed, Apr 27, 2022

Oil prices rose in early Asian trade on Wednesday, extending gains from the previous session after China`s central bank said it would support its economy.

Commodity Superfast: Gold and silver prices surge , Crude oil dropped, Know the latest rates

Commodity Superfast: Gold and silver prices surge , Crude oil dropped, Know the latest rates

Tue, Apr 26, 2022

Gold was trading above ₹ 51,500 and silver ₹ 65,300 on MCX. In the global market, the price of gold reached $1900 and the price of silver reached around $ 23.75. Light support from lower levels today due to fall in dollar. Brent $102 and WTI crude was trading below $97.5. MCX crude was trading above ₹ 7,500.

Crude Oil prices extend losses as lockdowns in China hit demand outlook

Crude Oil prices extend losses as lockdowns in China hit demand outlook

Mon, Apr 25, 2022

Brent crude futures slid $1.90, or 1.8%, to $104.75 a barrel at 0015 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9%, to $100.18 a barrel.

Russia-Ukraine crisis: India's oil import bill doubles to US $119 bn in FY22 as energy prices soar

Russia-Ukraine crisis: India's oil import bill doubles to US $119 bn in FY22 as energy prices soar

Sun, Apr 24, 2022

The government spent USD 13.7 billion in March alone when oil prices surged to a 14-year high, as against USD 8.4 billion spending in the same month last year.

Cement prices may go up by Rs 25-50 per bag in April: Crisil

Cement prices may go up by Rs 25-50 per bag in April: Crisil

Wed, Apr 20, 2022

According to Crisil Research Director Hetal Gandhi, cement demand increased by 20 percent year-on-year in the first half of FY22 but experienced an unexpected slowdown in the second half due to unseasonal rains, sand issues and labour unavailability.

Commodity Superfast: Crude oil fell 4% in the global market

Commodity Superfast: Crude oil fell 4% in the global market

Tue, Apr 19, 2022

Crude oil prices fell by 4% in the global market. Gains were limited with the dollar trading at a fresh two-year high. A stronger dollar hurts oil buyers holding other currencies. What is the latest report on Crude Oil Supply? Watch Commodity Superfast with Mrityunjay Kumar Jha

Sugar stocks rally up to 9% amid improved outlook, strong operational performance; Mawana Sugars, Dalmia Bharat Sugar hit 52-week high

Sugar stocks rally up to 9% amid improved outlook, strong operational performance; Mawana Sugars, Dalmia Bharat Sugar hit 52-week high

Tue, Apr 19, 2022

In an otherwise volatile market, sugar stocks sweetened up to 9 per cent on the BSE intraday trade on Tuesday amid expectation of strong operational performance and higher sugar realizations.

Commodity Superfast: Where is the most action? Know the big news of commodity market

Commodity Superfast: Where is the most action? Know the big news of commodity market

Mon, Apr 18, 2022

Crude reached above ₹ 8,240 for the first time this month on MCX. On the other hand, there was a strong rise in the prices of gold. MCX Gold price reached above ₹ 53,400. Watch Superfast Coverage of Commodity Market.

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