OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new US administration called on Saudi Arabia to keep energy affordable, mirroring Donald Trump’s practice …
Output
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Crude prices rose on Thursday,recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the …
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February was a low cropping month for tea in the South, especially in The Nilgiris, the largest tea growing district in the peninsula. Tea companies in the district have informed …
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Stainless steel production in India declined 19 per cent to 3.17 million tonnes (mt) last year against 3.93 mt in 2019, as per data released by the Indian Stainless Steel …
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The domestic production of crude and natural gas remained below pre-Covid levels in February, according to data released by the Petroleum Planning and Analysis Cell. Crude production during February was …
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India’s castor seed crop is expected to be marginally lower at 19.02 lakh tonnes (lt) for the year 2020-21 against 19.52 lt recorded in the previous year, a crop survey …
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TipRanks Morgan Stanley Storms Into the EV Space; Offers 2 Stocks to Buy We are indeed living in interesting times – and in many ways, that’s a good thing. Take …
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Global pepper production in the last 10 years registered a 72 per cent rise at 561,500 tonnes against 234,418 tonnes in 2010. However, the increase in the last one year …
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Production of refinery products/petro products has fallen by 13.5% over the April-December period. Cumulative capacity utilisation has been at around 85.6%, compared with 101.6% in FY20. Overall consumption of petroleum …
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Oil prices edged higher on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy at a meeting on Wednesday, and as crude stockpiles in the …
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Third-largest sugar producer Karnataka also reported an increased yield of 34.38 lakh tonne till January. The country’s 491 sugar mills have together produced 176.83 lakh tonne of the commodity in …
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NMDC iron ore production for January 2021 stood at 3.86 MT (million tonnes) against 3.31 MT in January 2020, registering a growth of 16.7%. NMDC expects to exceed the previous …
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Oil prices rose around 1 per cent on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out …
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The ISMA expects additional incentive this season above the Rs 6 per kg subsidy given last year for exports, as the Centre wants to give a boost to sugar exports. …
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Tea production in The Nilgiris, the largest tea growing district in the South, had fallen 3.75 per cent in calendar 2020 over 2019. December was a better month with favourable …
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The year 2020 turned out to be an exceptional year in terms of domestic tea prices providing some respite to the tea industry, which has been plagued by a consistent …
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India’s industrial production, which saw a recovery in September after six months of contraction, witnessed a slump again in November. The index (IIP) dropped by 1.9 per cent in November …
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NMDC registered iron ore production of 9.61 million tonnes (mt) for the third quarter ended December 31, 2020, up 12.3 per cent over 8.56 mt it logged in Q3 of …
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Pepper crop in 2021 is likely to be lower, as the erratic climate with strong winds and heavy rains last year in the growing regions of Idukki, Wayanad, Coorg and …
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Fluctuation in global sugar prices, cautious overseas traders and record production in Brazil have caused worry among the mills planning sugar export. “There is good demand for raw sugar in …
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Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while …
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European Commission President Ursula von der Leyen holds a press conference following a phone call meeting with Britain’s Prime Minister Boris Johnson, in Brussels, Belgium December 13, 2020. Olivier Hoslet …
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Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia’s pledge to make voluntary cuts to its output continued to buoy the mood …
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MOSCOW/LONDON/DUBAI:Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will …
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MOSCOW/LONDON:OPEC+ resumes debate on Tuesday after talks stumbled over February policy, with Russia leading calls for higher output and others suggesting holding or even cutting production due to new lockdowns. …
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LONDON/DUBAI/MOSCOW:OPEC+ will resume talks on Tuesday after reaching a deadlock over February oil output levels as Saudi Arabia argued against pumping more due to new lockdowns while Russia led calls …
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