Commodities

OPEC, Russia close to slashing oil output despite U.S. pressure

© Reuters. Russian Energy Minister Novak and UAE’s Oil Minister Al Mazrouei attend a meeting in the OPEC headquarters in Vienna By Rania El Gamal, Olesya Astakhova and Shadia Nasralla VIENNA (Reuters) – OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the …

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EU agrees post-Brexit import quotas for other WTO members

EU agrees post-Brexit import quotas for other WTO members BRUSSELS (Reuters) – The European Union endorsed on Friday new tariff rate quotas (TRQs) that the bloc will apply mainly for agricultural products coming from other World Trade Organization members after Brexit. TRQs are the maximum quantity of imports of a given category of good on …

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Petrol prices slashed by 40 paise today; diesel selling at Rs 68.59 per litre in Mumbai

In Kolkata petrol and diesel are selling at Rs 72.97 and Rs 67.28, respectively,today. (Reuters) Petrol, diesel prices today: The prices of petrol and diesel were slashed 40 and 43 paise, respectively across the cities by the oil marketing companies (OMCs) Friday as global crude oil prices continue to decline. On Friday, petrol is available …

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OPEC yet to agree final deal as Iran seeks exemptions

© Reuters. Iran’s Oil Minister Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna VIENNA (Reuters) – Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi Arabia has yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said. The …

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China’s Iran oil imports to rebound in December as buyers use U.S. waivers

© Reuters. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai By Chen Aizhu and Florence Tan BEIJING/SINGAPORE (Reuters) – China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer began using the nation’s waiver from U.S. sanctions on …

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Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

© Reuters. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer club sought to get heavyweight supplier Russia on board. International Brent crude oil futures () fell below …

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OPEC yet to agree final deal as Iran seeks exemptions: sources

© Reuters. Iran’s Oil Minister Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna VIENNA (Reuters) – Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi Arabia has yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said. The …

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Oil falls as OPEC ties supply cut to Russia; Moscow said to back limited reduction

© Reuters. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg By Henning Gloystein SINGAPORE (Reuters) – Oil prices slid on Friday, pulled down by OPEC’s move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by …

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Gold Prices Gain; Powell Delivers Bullish Assessment of U.S. Economy

© Reuters. Investing.com – Gold prices gained while the dollar was flat on Friday in Asia after Federal Reserve chairman Jerome Powell delivered a bullish assessment of the U.S. economy on Thursday. “Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ said Powell in his final scheduled public …

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Oil Prices as OPEC Postpones Output Decision

Investing.com – Oil prices slipped on Friday morning in Asia, after the meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna failed to reach a final decision on cutting output. for January delivery dropped 0.43% to $51.27 per barrel at 10:41 PM ET (02:41 GMT) on the New York Mercantile Exchange, while …

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