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oils market

Palm oil falls over 2pc
Markets

Palm oil falls over 2pc

SINGAPORE: Malaysian palm oil futures fell for a fourth consecutive session on Monday, as they tracked losses in...
Published 25 May, 2021 04:40am
Mexican oil output slightly below target agreed with OPEC+
Markets

Mexican oil output slightly below target agreed with OPEC+

  • "We are fine, we are fulfilling our target and the commitment Mexico made before OPEC+, which is 1.753 million bpd," Nahle said at a virtual convention organized by Mexico's Association of Hydrocarbon Companies. "We are slightly below that, which gives us flexibility to continue working."
Published 27 Apr, 2021 08:18pm
Exxon retreated from oil trading in pandemic as rivals made fortunes
Business & Finance

Exxon retreated from oil trading in pandemic as rivals made fortunes

  • The cuts left Exxon traders without the capital they needed to take full advantage of the volatile oil market, these people said.
  • The trading retreat came after Exxon had worked in the previous three years to bolster its trading unit with revamped facilities, high-level hires and new tools to help traders take on more risk.
Published 26 Apr, 2021 05:33pm
Oil near one-month highs as demand outlook improves
Markets

Oil near one-month highs as demand outlook improves

  • US West Texas Intermediate futures fell 36 cents, or 0.6%, to $62.79. It had earlier reached $63.48, also the highest since March 18.
  • The IEA and Organization of the Petroleum Exporting Countries (OPEC) made upward revisions to their global oil demand growth forecasts for 2021 this week to 5.7 million barrels per day (bpd) and 5.95 million bpd respectively.
Published 15 Apr, 2021 07:35pm
Palm oil jumps 3pc
Markets

Palm oil jumps 3pc

SINGAPORE: Malaysian palm oil futures rose more than 3 percent on Thursday, tracking rival soyaoil on the Chicago...
Published 02 Apr, 2021 04:58am
Palm oil edges up
Markets

Palm oil edges up

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday but was unchanged for the week, underpinned by a...
Published 06 Mar, 2021 05:01am
Palm oil reverses losses
Markets

Palm oil reverses losses

SINGAPORE/JAKARTA: Malaysian palm oil futures snapped two consecutive sessions of losses to end 0.7% higher on...
Published 27 Jan, 2021 04:59am