First, there is a wide perception that Saudi Arabia itself knows that it is currently producing above an equilibrium level, and that 1 mb/d of output could be withdrawn fairly rapidly. Being caught....

Multi Commodity Exchange of India(MCX) , India’s first listed exchange, has repoted 71% gain in net profit for 2011-12 at Rs 295.87 cr while it has recorded 20% gain in net profit at Rs 65.95....

Japanese fossil fuel imports is expected to increase by around 17% over the next five years, as compared to 2011, with oil and products stabilizing at around 4.6 m mb/d, while coal imports expected....

CME Group is licensing the CME Direct technology to leading inter-dealer brokers to offer trading of global OTC oil markets, including Marex Spectron, Tradition and Tullett Prebon. Traders will be abl....

Barclays has revised the European prices outlook for 2012 for prompt CIF ARA to $94 per ton from $102 per ton, and to $92 a ton for 2013 from $105/ton forecast earlier.....

Technically on daily charts, MCX Crude Oil June future is bearish and making lower top and lower low pattern. On daily chart, 5100 rupees is the resistance and as long as it is trading below 5100. Imm....

Indian commodity futures market which witnessed rapid growth in trade volumes in the past few years has receded a bit in the first month of the current financial year (2012-13) with Forward Mraket ....

Crude Oil remains an enigma for most people including analysts and policy makers. Rising crude oil prices causes worry for any nation dependent on its imports. OPEC Chief assures there is sufficien....

Short term traders advised to buy Natural Gas May contract around Rs 132-131 with stop loss of Rs 127 for target near Rs 139 and 148, according to Ankush Jain, Commodity Online....

Technically on daily charts, MCX Crude Oil May future is bearish and any rise should be used as an opportunity to create fresh new shorts. ....

The gas-directed rig count continued its trek lower, slipping 8 rigs and falling below the 600 level. ....

MCX Crude Oil May futures fell sharply yesterday on higher than previous Crude Oil weekly inventory. Increase in Crude Oil inventory is bearish for the Crude Oil contract and inventory came at 3.7M vs....

Technically on daily charts, Crude Oil May contract have good resistance at Rs 5290 and support at Rs 5140.Crude Oil prices expect to trade on a bearish note for intra-day session on the back of....

The study titled, The Role of Speculation in Oil Markets: What have we learned so far?, points out that the existing evidence is not supportive of an important role of speculation in driving the sp....

The fall in natural gas-directed rig count has raised natural gas prices. The larger proportion of gas rigs is targeting liquids and even possibly oil. The weather forecast for the next two weeks look....

The LNG is to be imported by Petronet LNG Ltd and GAIL. The amount will further increase to 15 million tonnes in the next three to four years. The Qatar Minister of Energy & Industry Mohammed B....

The speculation over QE3 may also kept momentum in oil prices holding a narrow range in absence of any key economic data in the evening session. Crude oil has important resistance at INR 5435 and s....

Base metals counter can trade sideways with positive bias. Copper may trade in range of 415-422 while Lead may trade in range of 107-109 and zinc in range of 103-104.50 in near term.....

The AP Moller Maersk Group was founded in 1904 by Mc-Kinney Moller’s father, Arnold Peter Moller. Following his death in 1965, his son Maersk Mc-Kinney Moller assumed leadership of the group ....

Natural gas prices traded sideways ahead of the weekend. The prompt contract finished at $1.98/MMBtu for the third day in a row, while calendar 2013 also closed flat on the day at $3.35....