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.
Oil prices dipped on Monday as a rising rig count in the United States pointed to higher production, but markets held near more than three-year highs and were on track to rise for a second consecutive month. In the US, working oil rigs rose by
Oil price extended gains Thursday, rising to the highest levels in more than three years ahead of a crucial meeting between the Organization of the Petroleum Exporting Countries (OPEC) and Russia.
Aluminum climbed to a six-year high on Friday and posted its biggest weekly gain as U.S. sanctions on leading Russian producer Rusal sent buyers and business partners to find supplies.