Kuwait Says OPEC Ready To Increase Oil - November 15, 2007 13:00

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 - November 15, 2007 11:00

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 - November 15, 2007 9:00

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 - November 14, 2007 15:00

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) - November 14, 2007 13:00

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 - November 14, 2007 11:00

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 - November 14, 2007 9:00

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

Oil Prices Drop in Asian Trading - November 13, 2007 15:00

Oil Prices Drop in Asian Trading SINGAPORE — Oil prices dropped Tuesday after a key OPEC member left open the possibility the oil cartel will increase output to curb rising prices, and following the strengthening of the U.S. dollar overnight. Saudi Arabian Oil Minister Ali al-Naimi Source: c.moreover.com

Oil down on Opec, dollar rebound - November 13, 2007 13:00

Oil down on Opec, dollar rebound SYDNEY – Oil fell for a second day today, as the US dollar held on to its recent rebound and traders weighed up the prospect of another output increase by the Organisation of the Petroleum Exporting Countries (Opec). US light crude for December delivery Source: c.moreover.com