Iran tensions boost oil prices for the week, but Tropical Storm Barry provides little support

navy quashes Iranian attempt to block tanker Meanwhile, global demand for OPEC oil looks likely to fall to its lowest in over 16 years as the U.The IEA said demand from the Organization of the Petroleum Exporting Countries in the first quarter of 2020 will fall to 28 million barrels a day.

Spectrum prices need significant, not marginal, lowering: BIF

The broadband industry body said policy makers should look at lowering the base prices, not marginally but significantly, and argued that demand for radiowaves by operators will drive a suitable price discovery.43 PM ISTBCCLTrai had also argued that for sale of spectrum in an auction, the bidders consider various factors like company's vision, network needs, price, and number of competing participants, among others.

Rains pull down demand for power; softens prices

Total supply offer, however, continued to remain less than purchase bids during the slot although the gap has reduced considerably.Total supply offer, however, continued to remain less than purchase bids during the slot although the gap has reduced considerably.

Budget 2019: Cigarette makers are unlikely to hike prices due to imposition of the excise duty, say analysts

An analyst, who requested anonymity, said cigarette companies can factor this excise duty impact when they hike prices next due to increase in tobacco prices.30 PM ISTBCCLThe Budget imposed excise duty of Rs 5 per thousand cigarette sticks up to 75 mm in length, while the premium king size cigarettes it is Rs 10 per thousand sticks.

Why Gas Prices Vary From Pump to Pump

Now Playing

7/4/2019 5:30AM     

Two gas stations right next door to each other can have different prices for a gallon of gas.WSJ breaks down the different global, national and local factors that affect the price you pay at the pump.

OPEC, allies waging a battle to keep oil prices supported amid trade tensions

The output cuts will help stabilize the market and support prices as trade uncertainties persist.Given the demand concerns, “the only way to firm and stabilize oil is with cuts to production,” says Marc Bruner, CEO of natural-resource firm Fortem Resources.

Power supply: Power prices increase between 12.76% and 16.39% during night peak at the Indian Energy Exchange

44 PM ISTReutersRepresentative ImageKOLKATA: Power prices at the Indian Energy Exchange increased between 12.39% during the night peak period (8 pm-12 midnight) on Wednesday as supply offers fell short of increased demand.

Jet fuel prices cut by 5.8%; subsidised cooking gas to get cheaper by Rs 3

8% to Rs 61,200 per kilolitre for domestic airlines in Delhi.8% to Rs 61,200 per kilolitre for domestic airlines in Delhi.

OPEC to Keep Propping Up Oil Prices by Extending Production Cuts Into ’20

Business|OPEC to Keep Propping Up Oil Prices by Extending Production Cuts Into ’20ImageA natural gas refinery at the South Pars gas field in Asaluyeh, Iran.Without these measures, “you would have seen a collapse in prices,” said Joseph McMonigle, a senior policy analyst at the market research firm Hedgeye.

Gold prices continue their march toward a six-year high


Markets/commodities reporter

Markets reporter

Gold prices continued their march toward a six-year high on Monday, with weakness in the U.K 10-year” were all helping to lift gold Monday, said Dana Samuelson, president of precious metals and rare coin dealer American Gold Exchange.

Gold prices settle lower, then climb after Fed shifts away from ‘patient’ stance on rates


Markets/commodities reporter

Gold prices settled lower Wednesday, easing back from the previous day’s settlement at their highest in 14 months, then climbed after the U.Federal Reserve left key interest rates unchanged, but shifted away from its “patient” stands on rates.

Oil prices retreat after their recent rally, even as U.S. crude supplies post first decline in 3 weeks

“The biggest catalyst for crude oil prices will be driven by fiscal policy—not monetary policy.” Providing an earlier, but temporary boost to oil prices, the Energy Information Administration reported Wednesday that U.

Honda Cars mulls hiking vehicle prices by up to 1.2% from July

The company currently sells a range of models from premium hatchback Brio to premium sedan Accord Hybrid, priced between Rs 4.24 PM ISTAPThis is the second time this year that the company is mulling to increase vehicle prices.

Maruti Suzuki hikes prices for Swift, WagonR

06 PM ISTBCCLThe company announced that it has introduced safety compliant & BS-VI compliant Swift.Country's largest carmaker Maruti Suzuki today hiked prices for its Swift and Wagon R models.

Oil climbs as Strait of Hormuz stays in focus, but weaker demand prospects push prices lower for the week

In a report Friday, the International Energy Agency cut its global oil demand growth forecast and said there’s “plentiful’ supply to meet that growth.In closely watched oil-market report out Friday, the IEA downgraded its 2019 forecast for global oil demand for a second straight month, citing, in part, a global economic slowdown.

How Tanker Attacks in the Strait of Hormuz Could Affect Oil Prices

The skinny waterway, the gateway for a third of all crude oil by tanker, has become a security risk that could threaten the oil market.After the apparent attack on Thursday on two tankers just outside the strait, tanker operators were quick to voice concerns.

oil prices: Dharmendra Pradhan speaks to US Energy Secretary, raises issues of volatility in oil prices

@narendramodi," Pradhan tweeted.NEW DELHI: Oil Minister Dharmendra Pradhan Monday had a telephonic conversation with US Secretary of Energy Rick Perry to discuss ways to enhance energy security and impact of crude oil price volatility on consuming nations.

Another Sign of Economic Worry: Tumbling Oil Prices

Demand for fuel has declined as economic indicators have weakened in the United States and China.Always volatile, oil prices have tumbled more than 20 percent since late April because of growing fears that demand is weaker than expected as the global economy slows.

CIL: Coal India e-auction fetches 44% higher prices

In 2018-19, the state-run miner got premiums of 58-92% in forward and spot markets over the notified price and the average price per tonne of coal hit Rs 2,653 from Rs 1,841.KOLKATA: Coal India recorded a 44% rise in 2018-19 e-auction prices, up from 20% a year ago, thanks to a spurt in demand and higher international rates.

Ford India introduces 2019 EcoSport line-up, slashes prices

Depending on the trim level, the new line-up of EcoSport will be cheaper than last year's in the range of Rs 8,300 to Rs 57,400.49 PM ISTAFPThe outgoing line-up of EcoSport was available between Rs 7.