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Commodities

The Oceania Times > Commodities
  • May 12, 2026
  • Noah
  • Commodities

Centre cuts royalty on crude oil, natural gas

The central government has lowered the charges for domestic production of crude oil, with immediate effect. With the latest revision, the royalty on onshore crude oil stands reduced to...
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  • May 12, 2026
  • Noah
  • Commodities

Another ship carrying 100,000 tonnes of crude oil to arrive at Ctg Port

The ship, named ‘MT Fossil’, is carrying 100,000 tonnes of crude oil and departed for Chattogram on Monday evening, Bangladesh time. BSS 12 May, 2026, 07:15 pm Last modified:...
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  • May 12, 2026
  • Noah
  • Commodities

Gold News: Gold Price Eyes Breakout as CPI Inflation Data Looms

The main range is $3,886.46 to $5,602.23. Its retracement zone is $4,744.35 to $4,427.82. Spot Gold (XAUUSD) has been trading inside this zone for eight weeks. Stripping away all...
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  • May 12, 2026
  • Noah
  • Commodities

Can reducing cooking oil save India’s forex reserves?

Prime Minister Narendra Modi recently exhorted Indian households to slash the use of cooking oil to improve the health of the country’s finances and their own health. “India spends...
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  • May 12, 2026
  • Noah
  • Commodities

Natural Gas Outlook: Producers Face A Familiar Disconnect In 2026

U.S. natural gas markets appear to be entering 2026 with a sense of déjà vu. Although the snowstorm sweeping the country has spiked prices over $5 per mcf and...
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  • May 12, 2026
  • Noah
  • Commodities

Gold and Silver Analysis: U.S.-Iran Tensions Fuel Volatility Ahead of Inflation Data

The Bureau of Labor Statistics is about to release the latest inflation report on Tuesday. This report will define the next move in the precious metals. The gold and...
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  • May 12, 2026
  • Noah
  • Commodities

India cuts royalty rates on crude oil, natural gas: What it means, who benefits?

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Monday announced rationalisation of royalty rates for India’s upstream sector in the oil and gas industry. Calling it...
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  • May 12, 2026
  • Noah
  • Commodities

Natural Gas News: Futures Spike 6% as Weather Forecast Ignites Market

The 50-day MA will be a critical test for natural gas traders because it can be resistance and the trigger point for an acceleration to the upside. The intermediate...
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  • May 12, 2026
  • Noah
  • Commodities

The Metals Company: TMC and Allseas Sign Commercial Agreement for the First Offshore Nodule Recovery Operation

Allseas, a global leader in offshore pipeline installation, heavy lift and subsea construction, will complete the development of and operate the first commercial nodule collection system The commercial system...
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  • May 12, 2026
  • Noah
  • Commodities

Oil prices rise amid fragile ceasefire, supply worries; Brent trades near $105/bbl

Global oil prices traded higher on Tuesday morning as supply worries persisted amid a fragile US-Iran ceasefire and concerns of renewed hostilities in West Asia. US president Donald Trump...
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