January 30, 2015 18:02 (IST)
The survey of 33 economists and analysts forecast North Sea Brent crude would average $58.30 a barrel in 2015, down $15.70 from last month's poll, in the biggest month-on-month forecast revision since prices last collapsed in 2008-2009.
January 30, 2015 15:39 (IST)
Bullion traders said apart from sluggish demand from jewellers at domestic markets at prevailing levels, a weak trend in global market where gold fell the most in 13 months as signs of a robust US labour market cut demand for safe-haven, mainly pulled down the precious metal prices.
January 29, 2015 17:13 (IST)
Brent crude oil futures held above $48 per barrel on Thursday as investor inflows offset data showing that US crude stocks had hit a record high.
January 29, 2015 16:32 (IST)
State-owned Oil and Natural Gas Corp (ONGC) has arrested the decline in its crude oil output and will for the first time in several years end the fiscal year with stable production, chairman Dinesh K Sarraf said.
January 29, 2015 15:15 (IST)
The US Energy Information Administration (EIA) said domestic crude oil stocks rose by almost 9 million barrels last week to reach nearly 407 million, the highest level since the government began keeping records in 1982.
January 29, 2015 14:20 (IST)
Traders said apart from fall in demand from jewellers and retailers at domestic markets, a weak global trend as strengthening dollar reduced appeal for the precious metals, mainly influenced the sentiment.
January 29, 2015 09:30 (IST)
The prospect of an increase in US rates makes non-interest-bearing assets such as gold less attractive and that helped pull bullion further away from a five-month peak reached last week.
January 29, 2015 09:15 (IST)
Oil prices edged higher Thursday but gains were capped amid fresh worries about the global supply glut as US crude reserves soared to a record high, analysts said.
January 28, 2015 23:03 (IST)
Private refiners Reliance Industries Ltd and Essar Oil Ltd are competing with state refiners to sell diesel to Indian Railways, sources at the state refiners said, after the government's control over diesel pricing ended last year.
January 28, 2015 21:49 (IST)
Barclays Plc and Goldman Sachs Group Inc issued even more bearish forecasts for oil prices on Wednesday, predicting no significant recovery in the first half of 2015.
January 28, 2015 21:07 (IST)
Oil prices slipped to $49 per barrel on Wednesday after US crude stocks soared to the highest on record last week, and as a firmer dollar weighed on prices.
January 28, 2015 14:53 (IST)
Snapping its two-day losing streak, gold prices on Wednesday rebounded by Rs 120 to Rs 28,420 per 10 grams at the bullion market here on revival of buying by jewellers to meet ongoing wedding season demand even as metal retreated overseas.
January 28, 2015 11:17 (IST)
The Federal Open Market Committee is scheduled to release a statement at the end of its two-day policy meeting later on Wednesday and a dovish bias could support a non-interest bearing asset such as gold.
January 28, 2015 08:58 (IST)
The Fed is expected to release a post-meeting statement later Wednesday following the first gathering this year of its policy-making Federal Open Market Committee.
January 27, 2015 15:15 (IST)
The government on Tuesday kicked off a sale of its cotton stockpiles, putting a first tranche of 5,100 bales up for auction.
January 27, 2015 14:57 (IST)
Gold prices fell by Rs 100 to Rs 28,300 per 10 grams at the bullion market on Tuesday amid weak trend overseas and slowdown in buying by jewellers at prevailing levels.
January 27, 2015 08:08 (IST)
Russia raised its gold reserves for a ninth straight month in December as the country continued to add to the fifth-biggest gold holdings in the world, data from the International Monetary Fund showed on Tuesday. Netherlands and Kazakhstan also added to reserves.
January 26, 2015 21:58 (IST)
Mr Badri warned that any OPEC oil supply cut would lead to spare capacity, a lack of investment and an eventual shortage and price spike.
January 26, 2015 20:38 (IST)
Oil prices slipped on Monday after Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter.
January 26, 2015 17:41 (IST)
Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) producer group said he expected the market to bottom out around current levels.