Commodities
- Global economy threatened by Covid-19 resurgence
- SGX Nifty up 110 points; here's what changed for market while you were sleeping
- Asian markets swing as traders mull virus, vaccines and stimulus
- Oil rises as US oil stockpiles drop, new Chinese COVID-19 cases decline
- Back to square one: When big economies will hit pre-virus GDP
- Gold prices steady ahead of US central bank policy decision
- Stocks in the news: HUL, Axis Bank, Kotak Bank, Indiabulls Realty and GAIL
- Business revival moderates in week ended Jan 24
- HUL likely to post a stronger show in Dec quarter on demand rebound
Oil Seeds & Oils
MCX
Oil stable as US stimulus jitters counter OPEC+ supply cuts
Oil prices were stable on Tuesday as concerns that a US stimulus package might hit snags and rising coronavirus cases countered bullish signals from better compliance with a supply cut deal and ongoing vaccine efforts.
Oil falls as US stimulus squabbles, coronavirus surges sour mood
Brent crude was down 28 cents, or 0.5%, at $55.60 by 0747 GMT, while U.S. crude fell 26 cents, or 0.5%, to $52.51. Both rose nearly 1% on Monday.
Agriculture Ministry proposes Rs 19,000-cr plan for edible oil in Budget
import cessThe mission may be funded by levying a cess of ₹2,500-3,000 per tonne on import which will generate a corpus of ₹6,000 crore per year
Reliance recalibrating business across oil to retail chain
Telecom tariff hikes, new product launches (eg non-grocery e-commerce) and a potential energy business stake sale can reverse the pullback in Reliance shares since mid-September, it said.
Refined soya oil futures fall on low demand
Refined soya oil for delivery in February declined by Rs 11.6, or 1.11 per cent, to Rs 1,039 per 10 kg in 37,515 lots.
Cottonseed oil cake futures rise on fresh bets
Cottonseed oil cake for delivery in February gained Rs 45, or 2.14 per cent, to Rs 2,149 per quintal with an open interest of 90,000 lots.
Reliance spins off oil-to-chemical business unit
Reliance for the first time reported integrated earnings of the O2C business in its third quarter financial results. Previously, refining and petrochemical businesses were reported separately while fuel retailing revenue was part of the firm's overall retail business.
Crude oil futures decline on low demand
Crude oil for February delivery eased by Rs 46, or 1.18 per cent, to Rs 3,848 per barrel with a business volume of 1,908 lots.
Oil Seeds & Oils Future Prices
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