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Topic

oils market

Palm oil rises for third session

Palm oil rises for third session

Published 22 Sep, 2024 02:47am
KUALA LUMPUR: Malaysian palm oil futures rose for a third straight session on Friday and logged a weekly gain, ...
OPEC+ seeks consensus on oil output policy after UAE roadblock

OPEC+ seeks consensus on oil output policy after UAE roadblock

Published 02 Jul, 2021 07:42pm
  • Saudi, Russia had pushed plan to lift output, extend pact.
  • UAE against extending oil pact through 2022, sources say.
  • UAE wants own output set at higher level under any deal.
  • A deal could see 2 mln bpd added to market by December.
Palm oil falls over 2pc

Palm oil falls over 2pc

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

Mexican oil output slightly below target agreed with OPEC+

Published 27 Apr, 2021 08:18pm
  • "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."
Exxon retreated from oil trading in pandemic as rivals made fortunes

Exxon retreated from oil trading in pandemic as rivals made fortunes

Published 26 Apr, 2021 05:33pm
  • 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.
Oil near one-month highs as demand outlook improves

Oil near one-month highs as demand outlook improves

Published 15 Apr, 2021 07:35pm
  • 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.
Palm oil jumps 3pc

Palm oil jumps 3pc

Published 02 Apr, 2021 04:58am
SINGAPORE: Malaysian palm oil futures rose more than 3 percent on Thursday, tracking rival soyaoil on the Chicago...
Palm oil slumps 3.6pc to two-week low

Palm oil slumps 3.6pc to two-week low

Published 19 Mar, 2021 05:32am
KUALA LUMPUR: Malaysian palm oil futures slumped more than 3% on Thursday to their lowest in two weeks, weighed down...
Palm oil edges up

Palm oil edges up

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

Palm oil reverses losses

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