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SS Associates opts for StudioRip Droplet Film Solution

SS Associates opts for StudioRip Droplet Film Solution
printweek.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from printweek.in Daily Mail and Mail on Sunday newspapers.

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India's February fuel demand falls to five-month low

India's February fuel demand falls to five-month low
03/11/2021 | 11:27am EDT
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(Reuters) - India's fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world's third-biggest oil importer and consumer.
Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday.
On a monthly basis, demand slipped by 4.6%.
"Prices have to come down or coronavirus cases should reduce before we see a real recovery, as some people are still reluctant to travel" said Refinitiv analyst Ehsan Ul Haq.

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India's February fuel demand falls to five-month low over surge in prices

By Bharat Gautam
(Reuters) - India's fuel consumption fell for the second month in a row in February to its lowest since September last year as record-high retail prices continued to stonewall a demand recovery for the world's third-biggest oil importer and consumer.
Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed on Thursday.
On a monthly basis, demand slipped by 4.6%.
"Prices have to come down or coronavirus cases should reduce before we see a real recovery, as some people are still reluctant to travel" said Refinitiv analyst Ehsan Ul Haq.

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Gold jumps over 2% on retreating U.S. yields, dollar

Gold surged more than 2% on Tuesday on the back of a retreat in U.S. Treasury yields and a weaker dollar, staging a strong recovery from the nine-month low it hit in the previous session. Spot gold was up 2% to $1,715.40 per ounce by 11:53 a.m. EST (1653 GMT), having slipped on Monday to $1,676.10, its lowest level since June 5. Benchmark U.S. 10-year Treasury yields backed away from more than a one-year high hit last week, while the dollar fell.

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Gold prices jump over 2% on retreating US treasury yields, dollar

Gold prices jump over 2% on retreating US treasury yields, dollar
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PRECIOUS-Gold jumps over 2% on retreating U.S. yields, dollar

PRECIOUS-Gold jumps over 2% on retreating U.S. yields, dollar
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Gold prices slip as US bond yields and equities dull its appeal

Read more about Gold prices slip as US bond yields and equities dull its appeal on Business Standard. Spot gold fell 0.6% to $1,727.11 an ounce by 1016 GMT

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Asia Gold-Low prices spark flurry of activity in India

* Chinese net gold imports via Hong Kong fall in January
* Indian jewellers aggressively building inventory- dealer
Feb 26 (Reuters) - Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.
Gold futures in India were trading around 46,000 rupees per 10 grams, not far from the eight-month trough of 45,861 rupees touched last week.
“Consumers are quite comfortable with current price level. There is good demand for jewellery from retail buyers,” said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the city of Kolkata.

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Gold set for second monthly dip as high U.S. yields erode appeal

Gold tumbled 3% to an eight-month low on Friday en route to its worst month since November 2016 as a stronger dollar and elevated U.S. Treasury yields hammered non-yielding bullion's appeal.... | March 4, 2021

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Barclays lifts 2021 oil price outlook on tighter US supply view

Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week's cold storm in Texas.
The bank increased its 2021 Brent crude oil price outlook by $7 to $62 per barrel and West Texas Intermediate (WTI) crude price estimate by $6 to $58 a barrel.
"Colder-than-normal weather, especially in the southern states, has accelerated the normalization in inventories by disrupting output more than demand," the British bank said.
U.S. energy firms last week cut the number of oil rigs operating for the first time since November as a freeze hit most of Texas.

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