Brazil's state-run oil and gas giant Petróleo Brasileiro SA or Petrobras signed a Memorandum of Understanding (MoU) with French oil major Total SA and its renewables affiliate Total Eren SA which sets the general framework for collaboration in
Gold prices recovered from a nearly seven-month low on Tuesday as the dollar eased
with spot gold up 0.69 percent at $1,250.16 an ounce, Reuters reported.
The price of platinum, which remains at historic lows compared to gold, fell to a 29-month low at $838 per ounce on the first trading day of H2 2018.
Companies that buy Iranian crude oil must completely halt purchases of the commodity from Iran by November, or else they will face powerful U.S. sanctions, a senior U.S.
India, the world’s second biggest producer of sugar after Brazil, fixed a minimum floor price of 29 rupees a kilogram for domestic sugar, to prevent a further fall in prices due to a record harvest.
Nickel is likely to do well this year as the silvery white metal has outdone its 2017 performance, having surged 21 percent on the London Metal Exchange and 31 percent on the Multi Commodity Exchange of India in the first five months of 2018 i
Geopolitical concerns boosted the price of gold after U.S.
Crude prices hit a 3-1/2-year high on Tuesday as investors digested OPEC's monthly report for April and news on planned fresh U.S. sanctions against Iran.
Russia, the world’s biggest energy producer has been selling less crude to Europe while pumping more oil to China, according to media reports.