Hindalco Share Price Surges As Novelis Reports Strong Earnings

Gold Silver Reports (GSR) Hindalco Surges As Novelis Reports Strong Earnings – Shares of the Mumbai-based aluminium and copper producer rose as much as 4 percent, the most since April 19, to Rs 248.35 after its U.S.-based subsidiary Novelis reported strong earnings in March quarter.                  

Read More →

Crude Oil Retailers Fall After U.S. Reinstates Sanctions On Iran

Gold Silver Reports (GSR) – Crude Oil Retailers Fall After U.S. Reinstates Sanctions On Iran – Shares of the government-owned oil marketing companies fell after President Donald Trump said the U.S. will withdraw from the landmark 2015 accord to curb Iran’s nuclear program and reinstate financial sanctions on the Islamic Republic, opening an uncertain new chapter for the Middle East.

Read More →

MCX (Multi Commodity Exchange) To Launch Crude Oil Options, Metals Options Dated May 15, 2018

Multi Commodity Exchange MCX

Gold Silver Reports (GSR) – MCX (Multi Commodity Exchange) To Launch Crude Oil Options, Metals Options Dated May 15, 2018 – India is the world’s third-biggest consumer of crude oil. Crude oil futures contracts were most traded on the exchange platform in 2017/18 fiscal year ended on March 31. Two contracts expiring on June 15 and July 17 with lot size of 100 barrel will be launched next week, the exchange said.             

Read More →

Crude Oil Price Holds Near $70 as Trump Dumps Iran Deal

OIL REPORT — 1-U.S. Shale Oil Output to Hit Record High 7.9 Mln Bpd in Dec -EIA

Gold Silver Reports (GSR) – Crude Oil Price Holds Near $70 as Trump Dumps Iran Deal — The U.S. benchmark crude surged above $70 a barrel to start the week as traders speculated on Trump’s next move against the Islamic Republic. The U.S. will be working with its allies to “find a real, comprehensive and lasting solution to the Iranian threat,” Secretary of State Mike Pompeo said in an emailed statement.

Read More →

Iran Decision: What’s at Stake for Global Oil Market?

Gold Silver Reports (GSR) – Iran Decision: What’s at Stake for Global Oil Market? – He could still surprise the world by agreeing to stay in the accord as diplomats try to negotiate side agreements to address his concerns, but foreign leaders and analysts say the president is likely to exit. That could result in renewed sanctions on the third-largest crude producer in the Organization of Petroleum Exporting Countries.                

Read More →