Commodity

India’s edible oil imports to fall for 1st time in six years

MUMBAI (Reuters) – India’s edible oil imports are set to fall for the first time in six years as a

India allows ONGC to buy out government stake in refiner HPCL: source

NEW DELHI (Reuters) – India on Wednesday approved a plan to sell the government’s stake in state refiner Hindustan Petroleum

BPCL makes its first U.S. oil purchase, buys Mars, Poseidon

Bharat Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crudes Mars and Poseidon in a

Indian gold prices at discount on weak demand

MUMBAI/BENGALURU (Reuters) – Gold demand fell in India this week, with dealers offering a discount for the first time in

Cracks are showing in OPEC’s plan to curb oil supplies

OPEC members are having trouble keeping their promises. Only a handful of OPEC countries are in full compliance with the

India’s June gold imports spike as buyers tried to beat higher sales tax

MUMBAI (Reuters) – India’s gold imports in June more than tripled from a year ago as retail demand jumped ahead

Look out, OPEC! U.S. to become top 10 oil exporter by 2020

U.S. oil production is booming. The next step: conquering the export market. Increased shale production will transform the U.S. into

Goldman Sachs: Oil prices could plunge below $40

The oil market could be in trouble if OPEC doesn’t come to the rescue with deeper production cuts soon. Goldman

India in talks with Canada’s Teck Resources to buy coking coal – sources

NEW DELHI (Reuters) – India is in talks with Canada’s Teck Resources Ltd, the largest North American producer of coking

Exclusive – Cash-strapped Venezuela offers India’s ONGC oil stake: sources

 Cash-hungry Venezuela has offered Indian oil firm ONGC Videsh an increased stake in an oil field, according to two sources