Palm drops due to ringgit strength and is on track for a weekly loss
Malaysian palm futures fell on Friday due to a stronger ringgit, as well as the weakness of rival Dalian edible oil. They were on course for their first loss in three weeks. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery fell 15 ringgit or 0.37% to 4…
Oil Prices Fall as Focus Shifts to Ukraine Peace Talks
Oil prices fell more than $1 on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a U.S. seizure of a sanctioned oil tanker off the coast of Venezuela.Brent crude futures were down $1.1, or 1.8%…
State researcher: China's oil demand will plateau in 2030.
A research group affiliated with the state 'oil'major CNPC announced on Thursday that China's oil consumption will?plateau? between 2025 and 2030 as electric vehicles reduce the demand for gasoline and Diesel. Haibo Wang is the director of oil?market?research…
Palm catches up with Dalian rivals, strengthening ringgit caps the advance
The Dalian Commodity Exchange's strength in edible oils rivals helped to support the palm oil futures on Thursday. However, the stronger ringgit limited the gains. By midday, the benchmark palm 'oil 'contract for February delivery at the Bursa Derivatives…
Palm prices end lower after MPOB data shows 6-1/2-year-high stocks
Malaysian palm futures fell on Wednesday, after the monthly data released by the Malaysian Palm Oil Board showed that the country's palm oil stocks were at the highest level they had been in six and a half years. MPOB reported that the MPOB increased…
Oil Prices Steady with Ukraine Peace Talks, US Interest Rate Decision Looms
Oil prices steadied on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia's war in Ukraine, concerns about ample supply and a looming decision on U.S. interest rates.Brent crude futures edged 3 cents higher to $62.52 a barrel at 1317 GMT.
Palm oil tracks drop in Dalian; market waits for MPOB data
Malaysian palm oils futures continued to fall for a second session in a row on Tuesday. This was due to the weakness of the Dalian market, and traders were waiting for the monthly report from the Malaysian Palm Oil Board. By midday, the benchmark…
Oil Prices Fall as Iraqi Production is Restored, Ukraine Talks Continue
Oil prices slipped more than $1 on Monday after Iraq restored production at one of its oilfields which accounts for 0.5% of world oil supply, while investors weighed ongoing talks to end the war in Ukraine.Brent crude futures were down $1.07, or 1.68%, at $62.68 a barrel by 11:05 p.m. EDT, while U.S.
VEGOILS-Palm oil closes lower tracking rival soyoil
Malaysian palm futures closed on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over Chinese purchases of U.S. soy beans. The benchmark contract for palm oil delivery in February on the Bursa Derivatives Exchange dropped 58 ringgit or 1.4% to 4…
Palmettos rise on Dalian strength and weaker ringgit, aiming for second weekly gain
The price of Malaysian palm oils futures increased on Friday, following a two session slide. They were also on course for a second consecutive weekly gain. This was due to the strength of Dalian and Chicago vegetables oils. By midday, the benchmark…
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. The Organization of the Petroleum…
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among its members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. OPEC+ (Organization of the…
Palm oil rises as Chicago soyoil and crude oil strengthen
The price of Malaysian palm oils futures increased on Tuesday as a result of higher Chicago crude oil and soyoil prices. A weaker ringgit was also a factor. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery had gained 38 ringgit or 0.93% to 4…
Palm oil prices rise before the Dalian trading stoppage
The Globex electronic trading system was down on Friday, and all Bursa Malaysia derivatives were affected. The benchmark palm-oil contract for February delivery at the Bursa Derivatives exchange gained 22 ringgit or 0.54% to 4,112 Ringgit ($995.88).
Dalian's strength and VEGOILS extends its advantage over Malaysian weather concerns
Malaysian palm futures rose for the second session in a row on Thursday. This was due to production concerns caused by adverse weather conditions and the tracking strength of rival Dalian edible oil. The benchmark palm-oil contract for February…
VEGOILS - Palm extends its gain over Malaysia weather concerns and Dalian strength
Malaysian palm futures rose on Thursday for the second session in a row, boosted by concerns about production due to bad weather and the strength of rival Dalian edible oil. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives…
Malaysia palm oil exports from China fell by almost 29% in October
Malaysian palm oil exports fell by nearly 29% to China in the first ten months of 2025. This was announced on Thursday by the plantation and commodities Minister. In his opening remarks at a industry dialogue, Johari Abdul-Ghani stated that the decline is indicative of deeper challenges…
Palm snaps a four-day losing streak in Chicago soyoil strength
The market recovered after four consecutive sessions of losses on Wednesday, as the Chicago soyoil price and Dalian palm oils prices rose. At closing, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery gained 32 ringgit (0.8%)…
Palm tracks Chicago soyoil to break four-day losing streak
The price of Malaysian palm oils futures increased on Wednesday, after four consecutive sessions of declines. This was due to higher prices for Chicago soyoil as well as Dalian palm oil. By midday, the benchmark palm oil contract on Bursa Derivatives…
What might Maduro have to offer Trump? What could Maduro offer Trump in potential talks?
Venezuelan President Nicolas Maduro is in a position to use crude oil cargoes that Venezuela sells mainly to China as a bargaining tool if Venezuela decides to negotiate with the United States. The Trump administration has increased its military…