Gold and Oil News
Gold and Oil News - November 16, 2007 11:00
OPEC members seek convergence in Riyadh summit: Iran
OPEC members seek convergence in Riyadh summit: Iran TEHRAN (PIN) Irans new Oil Minister Gholamhossein Nozari here yesterday said the third OPEC summit in the Saudi capital Riyadh aimed to create convergence among its members. Nozari, who won vote of confidence in yesterdays open session of Majlis Source: c.moreover.com Officials: Ecuador to rejoin OPEC at […]
Vedanta to buy into iron ore
Vedanta Resources, the India-based mining group, is seeking more iron ore acquisitions and aims to build the business up to match its main copper, zinc and aluminium divisions.The group entered the iron ore business this year with the acquisition of a Read More…
More OPEC oil would not cool prices: oil ministers
More OPEC oil would not cool prices: oil ministers RIYADH (Reuters) – Oil prices would probably not fall even if OPEC raises production when it meets in December, since the market is being supported by factors other than supply, the oil ministers of Algeria and Iran said on Thursday. Algeria’s Energy and Source: c.moreover.com
Kuwait Says OPEC Ready To Increase Oil
Kuwait Says OPEC Ready To Increase Oil RIYADH (Thomson Financial) – Kuwait’s acting oil minister indicated on Thursday that OPEC would be willing to increase output at its next meeting in December if analysis of the market showed a need for extra crude supplies. ‘We will review the (market) Source: c.moreover.com
Sharp rise forecast in platinum price
Sharp rise forecast in platinum price Extract not available. Source: c.moreover.com Commodities Report GOLD rose 2% yesterday, having briefly tested below $800/oz, as a weakness in the dollar and a rise in oil attracted investors into the market. Analysts said the market would target a recent 28-year high of $845,40/oz in the coming weeks and […]
OPEC rules out production increase
OPEC rules out production increase OPEC Secretary General Salim al-Badri made this statement while responding to a call by US Energy Secretary Samuel Bodman, who Tuesday asked OPEC to increase its crude oil output to meet falling stock levels and spiralling prices. Al-Badri said there was Source: c.moreover.com AP: Soybean prices jump as crude oil […]
Venezuelan leader proposes OPEC sell oil cheaper to poor countries
Venezuelan leader proposes OPEC sell oil cheaper to poor countries Wed Nov 14 00:10:05 CST 2007 THE ASSOCIATED PRESS CARACAS, Venezuela – Venezuelan President Hugo Chavez proposed OPEC should come up with a plan to sell oil to poor countries at Read More… RIYADH (Reuters) – OPEC sees no need to increase oil production at […]
RESULTS – NATIONAL ALUMINIUM COMPANY LTD (announces a net profit of Rs2,380.70 crore for the 12 months to Mar 2007)
National Aluminium Company Ltd (Nalco) has announced 55 percent increase in net profit (NP) at Rs2,380.70 crore for the 12 months to Mar 2007. Its sales grew by 22 percent to Rs5,942.46 crore, operating profit (OP), by 37 percent to Rs3,534.18 crore and Read More…
Commodities: Cut in consumption forecast hits oil
LONDON (ShareCast) – Oil prices fell for a second day in succession following a reduction by the International Energy Agency (IEA) in its consumption forecast. The IEA reduced its forecast, citing changing patterns of energy use in both developed and Read More… CARACAS, Venezuela (AP) – Venezuelan President Hugo Chavez proposed OPEC should come up […]
Maida declines, other commodities rule steady
Maida declines, other commodities rule steady Chennai (PTI): Maida prices declined, while other commodities ruled steady in the wholesale foodgrain market here on Wednesday. The rates of thoor dal, urad dal, gram dal, moong dal sugar, wheat and sooji remained unchanged. Maida edged down by Rs 20 per Source: c.moreover.com
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