COMMODITIES

India's Ministry of Petroleum and Natural Gas proposes to equally divide subsidy burden.

Brent and US crude shed over 2% each in August.

While strong US data suggest rise in oil demand, Ukraine conflict may hit supply.

European Union Energy Commissioner Guenther Oettinger said bloc prepared for possible winter crisis.

Anglo-Dutch oil major advancing with plans to dispose of $5bn worth of oilfields in Nigeria.

Gold and silver stage strongly rally helped by value buying but dollar strength caps gains.

India's Supreme Court to examine whether some or all 218 coal mining licences should be cancelled.

Upbeat US data, rising output from Libya and demand for crude oil revisions weighed on prices.

BofA Merrill Lynch analysts say next level to watch is Triangle support at $1269.

Part of Bimha mine collapsed in July without injuries or casualties.

Reports say pipeline to Turkey could double capacity to 200,000 barrels per day, by end of August.

Brent crude is back near a thirteen-week-low as Kurds in Iraq have recaptured most of the big oil sources from the Islamist militants, easing supply worries.

Palladium rallies near 13-year high while silver closes its sixth straight week down; gold and platinum little changed.

Spot Brent has fallen below the $104-$103 support region, opening up new lows near $100 for the commodity.

Global demand for oil is set to rise slower than expected as China and Russia slow production.

Safe haven flows and short covering have strengthened gold to a 20-day high, even as silver has fallen to a 50-day low. Platinum and palladium have rallied since 5 August.

Russia slapped ban on food imports from the US, EU, Canada, Australia and Norway.

Norway's salmon producers face losing biggest market which made up 10% of all exports.

US-based Axeon says it bought a shipment of Kurdish crude oil in June.

United Emblem tanker unloads half its crude oil cargo but buyer and destination are a mystery.

Site could have up to 200 tonnes of gold.

Shell reported profits of $5.1bn for the second quarter, up from $2.39bn in the same period in 2013.

Rio Tinto sells Mozambique coal assets, purchased in near $4bn Riversdale Mining deal, for just $50m to India's ICVL.

The tanker is thought to be carrying around one million barrels of crude oil, worth about $100m.

Iraq government files case with local court claiming oil cargo belongs to Baghdad

Fire fighters withdrew from blaze that started when rocket hit fuel tank near Tripoli's main airport

Crude prices declined in the absence of any strong news of violence from conflict-hit oil producers while downbeat demand outlook added to the bearishness.

Carmichael Coal Mine and Rail Project to fuel India's coal-starved power plants.

Government warns of potential environmental disaster as fire rages at oil depot near Tripoli.