Tag: commodity pricing

Unprecedented Pricing Pressure In Commercial Vehicles, Ashok Leyland Says | Bloomberg Quint

Unprecedented Pricing Pressure In Commercial Vehicles, Ashok Leyland Says | Bloomberg Quint

The pricing pressure in the commercial vehicle segment has reached ‘unprecedented’ levels, with all Indian automakers doling out discounts, Ashok Leyland Ltd. Chief Financial Officer Gopal Mahadevan told BloombergQuint in an interview. “The industry, excluding Ashok Leyland, seems to believe that the best way to acquire customers is to give discounts,” he said. The high […]

Farmed salmon prices in Scotland dive, Norway’s stay at two-year lows | Undercurrent News

Farmed salmon prices in Scotland dive, Norway’s stay at two-year lows | Undercurrent News

Spot prices for Scottish farmed Atlantic salmon — and sales of Norwegian salmon into Scotland too — look set to take a tumble in week 44, one processing source told Undercurrent News. Prices on the latter have dropped to £4.60-£4.75 per kilogram, for fish sized between 3-5 kilograms — “the cheapest it’s been”, he said. […]

Falling prices, quota confusion keep herring market slow | Undercurrent News

Falling prices, quota confusion keep herring market slow | Undercurrent News

Buyers of Norwegian spring-spawning herring have continued to wait and see if prices will carry on falling in week 43 of 2017, with the Norwegian herring sales association — known as Sildelaget — noting urgent measures were needed to try and buoy the market. Catches in week 43 were 24,800 metric tons, down from 30,000t […]

Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

Increased power prices to lessen inefficient use of energy: KAPSARC | Saudi Gazette

JEDDAH — The King Abdullah Petroleum Studies and Research Center (KAPSARC) has published a research paper titled “Reforming Industrial Fuel and Residential Electricity Prices” and found that the energy system could benefit by $12 billion per year, largely due to households using less electricity in response to increased prices – for example, from 144 TWh […]

China plans to destabilize the US Dollar by pricing oil in Yuan | The Camping Canuck

China plans to destabilize the US Dollar by pricing oil in Yuan | The Camping Canuck

The world’s biggest importer of crude oil and other energy related products, China has reportedly decided to undertake a major step to challenge the dominance of the dollar in the global market. The country, as per sources, will begin by introducing a new pricing strategy in the oil sector and hopes that the growing adoption […]

Can oil prices go above $60? U.S. shale output a pivotal factor | USA Today

Can oil prices go above $60? U.S. shale output a pivotal factor | USA Today

Oil prices flirted with $60 per barrel a few weeks ago, but stopped short of that key psychological threshold and quickly retreated. What will it take to break above $60? Brent hit $59.77 per barrel on Sept. 26, but was back to $55 per barrel a few days later. There are many reasons why oil […]

China challenging U.S. dollar by pricing oil in yuan | Digital Journal

China challenging U.S. dollar by pricing oil in yuan | Digital Journal

As a result of the U.S. dollar being used to price and trade oil there is a huge demand for U.S. dollars, giving the U.S. great economic and strategic power. China is reported to be setting up a futures market using its own yuan currency and also will introduce an oil benchmark priced in yuan […]

Petro-yuan: China wants to dethrone dollar, RMB-denominated oil contracts | CNBC

Petro-yuan: China wants to dethrone dollar, RMB-denominated oil contracts | CNBC

China is looking to make a major move against the dollar’s global dominance, and it may come as early as this year. The new strategy is to enlist the energy markets’ help: Beijing may introduce a new way to price oil in coming months — but unlike the contracts based on the U.S. dollar that […]

Using oil revenues to diversify the economy | The Worldfolio

Using oil revenues to diversify the economy | The Worldfolio

An interview with Yang Berhormat Pehin Datu Singamanteri Colonel (Retired) Dato Seri Setia (Dr.) Awang Haji Mohammad Yasmin bin Haji Umar, Minister of Energy and Industry at the Prime Minister’s Office in Brunei You recently signed a nine-month extension to the voluntary oil production adjustment with OPEC and non-OPEC members in a bid to stabilize […]

FTSE 100 movers: Miners rally as copper prices surge; Convatec crumbles on warning | Digitallook.com

FTSE 100 movers: Miners rally as copper prices surge; Convatec crumbles on warning | Digitallook.com

Heavily-weighted mining stocks racked up the strongest gains as copper prices hit a fresh three-year high after China’s consumer price index jumped 1.6% in September from the year before, in line with expectations. Meanwhile, the producer price index was up 6.9% last month from a year ago, beating expectations Broadcaster ITV was on the front […]