Commodities

Oil falls $2 as Europe agrees to release diesel reserves after Trump push

• Brent fell 1.76% to $100.50 a barrel after Europe agreed to release additional diesel stockpiles
• WTI dropped 2.18% to $90.85
• Lower crude prices can ease costs for Indian oil-marketing companies and fuel-intensive sectors

Gold slips before US payrolls data, set for second weekly loss

India to face tougher competition for gas this winter? Here's what expert said

• Qatar supply disruptions could tighten global gas markets and raise India’s winter LNG costs
• India may face stronger competition with Europe for alternative gas supplies
• Higher LNG costs could pressure Petronet LNG, city gas distributors and Indian Oil margins

Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump

• Diesel prices fell sharply as the EU considers releasing 50mn barrels from reserves
• Trump threatened to ban US fuel exports unless Europe unlocks reserves
• Lower diesel prices could ease fuel costs for Indian refiners and transport companies

African nations begin to stock up rice on El Nino fears, Ukraine and Iran wars

• Ships are waiting to load rice consignments in almost all Indian ports, exporters said
• Higher export demand could support Indian rice exporters and agricultural commodity prices

Gold slips before US payrolls data, set for second weekly loss

• Gold prices are poised for a second consecutive weekly decline amid a stronger US dollar and rising Treasury yields
• Gold weakness can reduce collateral values for Indian gold-loan lenders

WTI Whipsaws as Gulf Supply Improves and Middle East Risk Returns

Gold, silver rise as weak payrolls cut Fed-hike odds - Kitco AM Report

Rising crude costs and unchanged pump prices squeeze fuel retailers

• Rising import costs and stagnant domestic retail rates are eroding retail margins
• Oil prices surged amid concerns over a third US aircraft carrier group heading to the Middle East
• Margin pressure weighs on Indian fuel retailers and oil marketing companies

Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why

• Hormuz crude shipments averaged 13.5 million barrels per day over seven days, back to pre-war levels
• Oil may still stay at $90–$100, the report said
• Persistently high crude prices could pressure Indian refiners and fuel retailers

Oil dips as traders weigh U.S.-Iran tensions against supply recovery

The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz

• Higher crude and yields may pressure Indian airlines, fuel retailers and rate-sensitive stocks