New Delhi [India], April 4: Commodity trading offers investors lucrative trading opportunities. In 2023, some commodity asset categories have shown double-digit returns, and some will do the opposite. Octa, in the article, talks about commodity performers in 2023.
According to a press release, this forecast represents a marginal increase from the previous quarter's deficit of 1.0 per cent of GDP and marks a year's high, surpassing the deficit recorded in the corresponding quarter of the previous fiscal year (3QFY23: USD16.8 billion, 2.0 per cent of GD
The recent decisions by OPEC+ and Russia to extend production cuts have provided a semblance of clarity in the near-term supply trajectory for global crude oil and Asian crude buyers are unlikely to face a supply squeeze as plentiful non-OPEC supplies are set to fill the potential void, trad
Stating that India's policy was 'Nation First' and the consumer was 'paramount', Union Minister Hardeep Singh Puri said that the Centre was able to keep oil prices from shooting up despite global turbulence amid the Russia-Ukraine conflict and drone attacks on merchant ships in the Red Se
India has been talking to Guyana, Suriname and Namibia regarding oil cooperation, informed Union Petroleum Minister Hardeep Singh Puri on Monday while asserting that there is no shortage of crude oil globally.
Amid growing security concerns in the maritime zones, the Indian Coast Guard has upgraded its security infrastructure in India's crude oil hub in the Gulf of Kutch near Jamnagar where 70 per cent of Indian crude oil imports are received and major refineries, including that of Reliance are
According to S&P Global, while the geopolitical uncertainties and the red sea crisis persist, posing challenges to the region's oil inflows, many Asian buyers are exploring alternative supplies.
In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates, trimming the "call" on its crude by 90,000 barrels per day (b/d) in 2024 and 110,000 b/d in 2025 compared to January's figures. Despite this, OPEC remains bullish on global consumpt