Treasuries Rise for Second Day on Reports
Treasuries rose for a second consecutive session on Wednesday amid worries about an economic recession after a report stated durable goods production declined in February while home sales also fell.
This Week In Petroleum - Mar 26
Many drivers in the U.S. who chose diesel-fueled vehicles over gasoline-fueled ones may have done so for the expected savings from higher fuel economy and historically lower prices per gallon, especially during the summer driving
Gold futures rise in NY as dollar drops
Gold futures rose on Wednesday on weaker dollar while crude futures also gained. Gold for April delivery was up $7.20, or 0.8 percent, at $942.20 an ounce on the Comex division on the New York Mercantile Exchange.
India to clinch big oil and gas deal in Iran
Commodity OnlineNEW DELHI: India's Oil and Natural Gas Corp (ONGC) and its partner Britain based Hinduja Group are planning to sign a multi billion dollar deal next month for developing oil and gas fields in Iran.
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We can't help Reliance Essar: Deora
Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.
We cann't help Reliance Essar: Deora
Commodity OnlineNEW DELHI: The Indian government on Wednesday that the move by private fuel companies like Reliance and Essar to close down their petrol pumps has put the Ministry of Petroleum in a difficult situation.
Cambodia to begin oil production by 2011
Commodity Online PHNOM PHEN: Cambodian National Petroleum Authority ( CNPA ) on Wednesday announced its intention to start oil production by 2011.
Mining major Vale do Rio Doce expects 10.4% growth
Commodity Online BRASILIA: World s second largest mining and metals company Vale do Rio Doce is expected to grow 10.4 percent in 2008 much of it fuelled by demand from emerging economies.
Gold traders welcome CRBC resolution
Commodity Online BEIJING: China Banking Regulatory Commission's ( CRBC ) decision to allow banks in China to trade gold futures is widely welcomed by gold traders worldwide.
OPEC oil prices slip back below $100
Commodity Online VIENNA: OPEC on Tuesday announced that its weekly average oil price has dropped slightly to $ 99.47 per barrel in the previous week.
Poor man's Gold is on its way...
Commodity Online With gold's precipitous rise in 2007, silver has still achieved better returns over the life of the prevailing bull market in precious metals
All you need is a leader crowd and lot of lies
By Dan DenningWhat do you need to manufacture good times? You need a lie, a leader, and a crowd. All three seemed to come together last week
A rendezvous with discovery investing pioneer
Dr Michael Berry shares his expertise for identifying winners early in the game often long before the market recognizes their value
Gold on the roll platinum gains
Commodity Online NEW YORK: Gold bounced back to the top and extended gains on Tuesday as investors began shifting some money back into it.
Subprime Crisis is a cancer in financial system
By Julian D W PhillipsThe oil price is holding high at never before seen levels, not because of a shortage, but because US and foreign nationals and institutions are fleeing from Dollar instruments into hard assets...
Oil prices firm ahead of US energy report
Commodity Online TOKYO: Ahead of a crucial US government energy report due out later Wednesday, world oil prices were on the up again in Asian trade.
Wheat Soars on Dry Weather
What jumped 4.7 percent as dry weather in the U.S strengthened prospects of reduced yields.
Gold futures rise Dollar declines
Gold for April delivery gained $16.30, or 1.8 percent, to end at $935 an ounce on the Comex division on the New York Mercantile Exchange.
Gold futures end higher in NY as dollar falls sharply
Gold futures rose in New York, rallying nearly 2 percent Tuesday as the dollar continued to decline against the euro, boosting investors demand for the precious metal. Silver also gained.
PFC IREDA sign deal on renewable energy sector
Commodity Online NEW DELHI: Power Finance Corporation Ltd (PFC) and Indian Renewable Energy Development Agency Ltd (IREDA) have entered into a pact to facilitate financial cooperation in renewable energy sector.
GAIL signs annual MoU with government
Commodity Online NEW DELHI: Gas Authority India Limited (GAIL) has signed an Annual Memorandum of Understanding (MoU) with the government with regard to its performance targets for the Financial Year 2008 09.
GAIL signs annunal MoU with government
Commodity Online NEW DELHI: Gas Authority India Limited (GAIL) has signed an Annual Memorandum of Understanding (MoU) with the government with regard to its performance targets for the Financial Year 2008 09.
ONGC awards $ 720 m contract to Leighton
Commodity Online CANBERRA: ONGC on Tuesday awarded the contract to build 200 kms of fixed and flexible pipelines in it s Mumbai High oil field to Australia s Leighton Holdings Ltd.
Iraq s oil revenue up despite dip in exports
Commodity Online BAGHDAD: Oil exports from Iraq last February has shown a decrease of 3.5 million tones from January, country s Oil Ministry said.
Gold once again on track
By Jon NadlerNew York spot gold was up most of the morning and was showing a $10.00 gain at last check, quoted at $920.00 per ounce, as participants treaded lightly and awaited mid week economic statistics
Gold struggles dollar gains more strength
Commodity Online NEW YORK: The strengthening US dollar and sliding oil prices has severely affected gold s value for the last couple of days the world over.
Oil prices continue southward journey
Commodity Online NEW YORK: In a surprising turnaround of events world oil prices continued to slip further down on stronger dollar and weaker demand.
Can Gold touch $2 000?
The $95 price drop in gold this past week is therefore nothing short of a gift. Next stop: $2,000 gold.
Oil to range between $80 110: OPEC President
OPEC President Chakib Khelil said over the weekend that he expects the price of crude oil to range between $80 and $110 per barrel in 2008.
Commodities market cools down as Dollar gains
The market for gold and other commodities is cooling and it is the dollar that has gained the most. The Reuters CRB Commodity Index is down 8.4 per cent over last one week.
Fed obliges all goes all out to save big banks
The Fed is thought to have about as much control of the current situation as a trucker does whose brakes have failed halfway down a steep canyon he doesnt have control, he has influence.
Oil Turmoil: Rise and fall of Crude Oil
By Tom WhippleIn India, strong demand growth and high profit margins have given the country the leeway to absorb a part of input cost hikes in the past.
BP plans refinery project with Cals Ltd
Commodity Online NEW DELHI: Energy giant BP Plc is likely to set a co operation with Cals Ltd, a Spice Energy holding company for its proposed five million tonns oil refinery at Haldia near Kolkata.
Gold plunges on global trend
Commodity Online MUMBAI: Heavy selling by stockists prompted by global trend saw the yellow metal tumbled by Rs 150 per 10 gram at the bullion market here on Monday.
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