Down in Saudi amnesia, they’re partying like it’s 2008

By Julian Lee Is this really 2018? It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom’s oil minister argued that the world could tolerate a higher crude price. “I haven’t seen any impact on demand with current prices,” Khali Al-Falih told reporters at the meeting of OPEC and […]

Gold rises on jewellers’ buying

NEW DELHI: Gold prices rose by Rs 60 to Rs 32,450 per ten gram at the bullion market today on scattered buying by local jewellers amid weak global cues. Silver also gained Rs 200 to Rs 41,500 per kg due to increased offtake by industrial units and coin makers. Marketmen said pick-up in buying by […]

Commodities Buzz: Nevada gold mine grows production by 130%

Frank Giustra-backed Fiore Gold announced that its Pan Mine, located in east-central Nevada, registered a 130 per cent production growth in Q2 2018, compared to the previous quarter. The Carlin-style, open-pit, heap-leach operation generated 8,695 ounces of gold during the second fiscal quarter that ended on March 31, 2018, which allowed the company to sell […]

Energy Preview: Oil Market Eyes OPEC For Near Term Direction

WTI Crude oil futures are holding onto their own after recent spurt drove the prices to three year highs. Oil traders are eyeing the OPEC meet today for further clues on the oil market balance in near future. Weak equities are triggering some selling pressure though and the WTI Crude is down in Asia, currently […]

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