Precious metals outlook moderately bearish as recession calls delayed, safe-haven demand for gold, silver subsides

The short-term outlook for precious metals is expected to be moderately bearish with reduced safe-haven demand. Crude oil prices recovered after progress was made on the US debt deal and OPEC supply cuts, while natural gas prices declined due to mild weather conditions affecting demand. Read More | Source:…

View More Precious metals outlook moderately bearish as recession calls delayed, safe-haven demand for gold, silver subsides

Saudi Arabia oil output cut to delay price revision in India 

Saudi Arabia on Sunday announced cuts of 1 million barrels per day in oil output starting July, while the rest of the OPEC+ producers agreed to extend earlier cuts in supply through the end of 2024. Read More | Source: The Financial Express…

View More Saudi Arabia oil output cut to delay price revision in India 

Short positions on crude oil up 140% last week; wait for prices to settle before taking fresh positions

Short sellers have increased their positions as recession fears grow, but a recovery in crude oil prices occurred as OPEC+ discussed potential production cuts of 1 million barrels per day, driven by Saudi Arabia’s desire for prices above $78 to cover their fiscal deficit. Read More | Source: The…

View More Short positions on crude oil up 140% last week; wait for prices to settle before taking fresh positions

Petrol and Diesel Rate Today, 4 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre on Sunday. Read More | Source: The Financial Express…

View More Petrol and Diesel Rate Today, 4 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today, 3 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre on Saturday. Read More | Source: The Financial Express…

View More Petrol and Diesel Rate Today, 3 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

S&P: Output growth to outstrip fall in oil prices for ONGC

ONGC produced a total of 42.8 million metric tonne of oil equivalent (mmtoe) in fiscal 2023 compared with 43.4 mmtoe in fiscal 2022. OVL produced a total of 10.2 mmtoe in fiscal 2023, down from 12.3 mmtoe in fiscal 2022. Read More | Source: The Financial Express…

View More S&P: Output growth to outstrip fall in oil prices for ONGC

Govt asks industry to cut edible oils MRP by Rs 8-12 per litre as global prices drop

Price to distributors by the manufacturers and refiners also needs to be reduced with immediate effect so that the price drop is not diluted in any way, it said. Read More | Source: The Financial Express…

View More Govt asks industry to cut edible oils MRP by Rs 8-12 per litre as global prices drop

Petrol and Diesel Rate Today, 2 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre on Friday. Read More | Source: The Financial Express…

View More Petrol and Diesel Rate Today, 2 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Crude oil prices rise as market awaits possible OPEC+ cuts

Brent crude futures rose 13 cents, or 0.18% to $74.41 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude (WTI) rose 15 cents, or 0.21%, to $70.25 a barrel, following two consecutive days of sliding crude prices. Read More | Source: The Financial Express…

View More Crude oil prices rise as market awaits possible OPEC+ cuts

Commercial LPG price cut by Rs 83.5, ATF by 7 per cent

A 19-kg commercial LPG now costs Rs 1,773 in the national capital, down from Rs Rs 1,856.5, according to price notification from state-owned fuel retailers. Read More | Source: The Financial Express…

View More Commercial LPG price cut by Rs 83.5, ATF by 7 per cent

Petrol and Diesel Rate Today, 1 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre on Thursday. Read More | Source: The Financial Express…

View More Petrol and Diesel Rate Today, 1 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today, 31 May: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre on Wednesday. Read More | Source: The Financial Express…

View More Petrol and Diesel Rate Today, 31 May: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Crude oil falls on conflicting OPEC+, Russia messages amid stronger dollar

Brent crude fell 30 cents to $75.96 a barrel at 0315 GMT, while U.S. West Texas Intermediate was down by 14 cents at $71.69 a barrel. Read More | Source: The Financial Express…

View More Crude oil falls on conflicting OPEC+, Russia messages amid stronger dollar

Petrol and Diesel Rate Today, 26 May: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre on Friday. Read More | Source: The Financial Express…

View More Petrol and Diesel Rate Today, 26 May: Some cities see revision; Check rates in Delhi, Mumbai, other cities