Two firms used non-existent shipping firms to show transactions, the others submitted fake transaction certificates

December Brent oil futures rose to $74.37, while November WTI futures climbed to $70.59.

The price region between ₹228 and ₹230 is a demand zone

Tells Kandla traffic manager to allow another ship to set sail after getting release order from Gujarat HC

Purchases for buffer stocks hit by storage and other issues in Punjab and Haryana

Key dams’ water level unchanged at 87% of capacity this week

Market players are also assessing the supply risks from West Asia following the tensions in the region

MCX reduces gold option expiry to monthly, improving liquidity and attracting more participants, benefiting jewellers and increasing revenue

Ongoing weakness in housing construction, driven by tight financing conditions and high costs, cited as reason for the fall in demand

High-level inter-ministerial meeting clears scrapping $490/t MEP on white rice, 10% export duty on parboiled rice

Good rains this year and the increase in acreage might help Gujarat achieve a record groundnut production of 42.19 lakh tonnes this year, surpassing the previous record of 38.55 lakh tonnes set in 2021-22

Traders can stay out for now

In India, October crude oil futures traded slightly lower at ₹5,850

The study reports 40% increase in south-west monsoon rainfall over north-west India in recent years  

Ongoing rains raise concern over quality, crop size across key producing regions

Analysts peg its average price for 2024 at around $17,000/tonne

Market is also cautious about a potential increase in global oil supply as the OPEC+ is planning to restore production output in December

One thing that is very clear is there is no shortage of oil in the world, said Puri

APEC Climate Centre predicts the weather event from December

US crude oil inventories rose by 1.64 million barrels for the week ended October 18. Market estimates had earlier pegged increase at 0.7 million barrels

Windfall Tax is to counterbalance the unusually high profits earned by oil and gas companies from high global crude oil prices

India’s production decreased by a tad y-o-y

Solvent extractors seek Centre’s help to export oilmeals

The agri costs panel had recommended regular revision of the minimum price

Both August and September this year have witnessed a fall in diesel usage

India’s appetite for oil products in October-December is set to get a boost from the upcoming festival season as well as the agricultural season

Rubber Board officials said prices exceeded Rs₹200 on June 11 but plummeted 24 per cent to ₹187 per kg by October 21. The Board may ask consumers to proactively purchase in the domestic market

They are higher than normal, filled to 87 per cent of the 180.852 BCM capacity

At 9.56 am on Friday, December Brent oil futures were at $74.50, up by 0.16 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $70.28, up by 0.13 per cent

Sales percentage increases as Russian buyers turn active

Though exports are banned, shipments of 64,000 tonnes were allowed under special bilateral pact

According to the commodities information services provider, India's oil demand decreased in September on a yearly basis, due to above normal rainfall, which affected road movement, construction, and mining activities

Scores of Israeli jets completed three waves of strikes before dawn on Saturday against missile factories and other sites near Tehran and in western Iran, in the latest exchange in the escalating conflict between the Middle East rivals

November natural gas futures were trading at ₹254.50 on MCX during the initial hour of trading on Monday against the previous close of ₹258.20, down by 1.43 per cent

The Centre has declared an MSP of Rs ₹7,121 per quintal for the medium staple and Rs ₹7,521 per quintal for the longer variety for the 2024-25 cropping season, an increase of around 7 per cent over previous year

November crude oil futures were trading at ₹5,686 on MCX during the initial hour of trading on Tuesday

Official data on crude oil inventory level in the US is expected later on Wednesday

Praveena Rai succeeds P S Reddy, who completed his five-year tenure in May 2024

In contrast, domestic LPG rates remain unchanged at ₹803 for a 14.2-kg cylinder

Iron ore production rose by 5.5% to 135 million tonnes, while manganese ore output increased by 6.2% to 1.7 million tonnes

The new norms, which will help in quick processing and inspection of consignments, are to be effective from December 1

Increase in tensions in West Asia also boosted the price of the commodity. The latest developments in West Asia have created apprehensions in the market over possible crude oil supply disruptions from the region.

Market also focussed on outcome of US Federal Reserve meeting later in the week

Market eyes results of the US presidential election

The Trump administration could stimulate economic growth in the US, which could help boost consumption demand in that country, say analysts

Aluminium, zinc and copper futures climb on November 7, the day after Trump’s election, say PTI reports

Regulatory frameworks covering AI need fine-tuning to harness its potential without halting growth 

Community organisations observing “One Health Day” (November 3) will be joined by the World Health Organization, this year.

The theme on World AIDS Day (December 1) is ‘Let Communities Lead’