Basemetal News Update: Lead prices eased by 0.29 per cent to Rs 153.80 per kg in futures trade on Friday as investors trimmed their holdings amid subdued demand at the spot market By Expertcommodity.


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Mcx live updates, Gold live price, Silver live price, Crude oil live price, Lead live price, Natural gas live price by www.expertcommodity.com

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U.S. government official says country to become key source of global energy supplies

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© Reuters. U.S. government official says country to become key source of global energy supplies www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country's top energy diplomat said. "In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins," said Frank Fannon, assistant secretary in the energy bureau of the U.S. state department. "What this means in the near-term is that the United States may double production, double export capacity and introduce new market innovation," he said at an industry conference in Singapore.
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Oil Prices Gain Despite Surprise Rise in U.S. Crude Stockpiles

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  Oil prices rose on Thursday even after weekly data from the U.S. Energy Information Administration (EIA) unexpectedly showed a build in U.S. stockpiles. On the New York Mercantile Exchange,  Crude Oil WTI Futures  for November delivery traded 1.2% higher to $72.40 a barrel by 12:15AM ET (04:15 GMT), while on London's Intercontinental Exchange,  Brent Oil Futures  for December delivery gained 0.9% to trade at $81.52 a barrel. www.expertcommodity.com 9759717061 (Miss Ankita) 9759995554 (Mr. Sumit) The U.S. Energy Information Administration (EIA) said in its weekly report that domestic crude  oil inventories  rose by 1.852 million barrels during the week ended Sept. 21. Market analysts had expected a decline of 1.279 million barrels instead. The American Petroleum Institute, which collects data independently from the industry, reported on Tuesday an increase of 2.903 million barrels for the week in review. The EIA said that supplies at Cushing, Okl...
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