Cenovus profits jump on record production and refinery strength
Cenovus Energy reported a higher third-quarter profit Friday. This was due to record oil sands output and a near-full utilization of the refinery, which helped offset lower crude prices. The U.S. listed shares of Canadian oil and Gas Producer rose 1.5% during premarket trading.
Palm oil prices rise on Dalian soyoil strength and weakening ringgit
Malaysian palm futures rose on Thursday as they tracked the strength of Dalian's soyoil markets, while the weakening ringgit also added support. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up by 0.19% to 4,260 Ringgit ($1,008.52) per metric tonne.
Palm oil futures set to suffer second consecutive monthly loss after hitting lowest level in nearly 12 weeks
Malaysian palm futures continued to fall for the fourth session in a row on Wednesday, and were headed towards a second month-long drop. They were weighed down due to weakness in other edible oils, Indonesia’s production forecast, and a strong Ringgit.
Palm oil at a five-week low compared to weaker competitors
The price of Malaysian palm oils futures dropped for the third consecutive session on Tuesday, reaching its lowest close in almost 12 weeks. This was due to the weakness of rival edible oils from Dalian and Chicago, as well as a stronger Ringgit.
VEGOILS - Palm ends the week lower and books a second weekly loss
The Malaysian palm futures market continued to lose money and recorded its second loss in a week on Friday. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery fell 51 ringgit or 1.14% to 4,420 Ringgit ($1,046.40).
Palm oil prices fall on Dalian weakness
Malaysian palm oils futures ended lower on Wednesday for the third consecutive session, following the weakness of rival Dalian edible oil. The benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange lost 51 ringgit or 1.13% to 4,454 Ringgit ($1,054.45) per metric ton.
Palm extends its fall on Dalian's weakness
Malaysian palm futures declined for the third session in a row on Wednesday. This was due to weakness in Dalian edible oil, a rival. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 25 ringgit or 0.55% to 4…
Palm extends gains due to good export prospects, soyoil
The price of palm oil in Malaysia rose Tuesday, as traders benefited from the positive outlook for exports and the stronger soyoil market at Dalian and Chicago. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had gained 43 ringgit or 0.95% to 4…
Palm oil ends the week lower due to weak crude oil.
Malaysian palm futures closed lower on Friday after a two-week rally. Weaker crude oil prices pushed the market. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery fell 6 ringgit or 0.13% to 4,514 Ringgit ($1,068.66).
Palm oil follows weak crude oil down, and is set to fall weekly
Malaysian palm futures fell on Friday as crude oil prices dropped, causing the market to fall. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery had fallen 8 ringgit or 0.18% to 4,512 Ringgit ($1,068.43).
Turkey Maintains Russian Oil Imports in October
Turkey is set to maintain its imports of Russian Urals crude oil in October at around 280,000 barrels per day (bpd), unchanged from September, according to LSEG shipping data and market sources.October exports to Turkey may even surpass September's…
Oil Prices Settle 1.5% Lower as US-China Trade Tensions Persist
Oil prices fell on Tuesday, settling 1.5% lower as the International Energy Agency warned of a huge supply glut in 2026, and as trade tensions persisted between the U.S. and China, the world's two biggest economies.Brent crude futures fell 93 cents, or 1.5%, to settle at $62.39 a barrel. U.S.
Oil bosses are expecting the market surplus to diminish over time
Executives from oil majors, trading houses and oil companies said that the global oil market will tighten up in the medium-to-long term after recovering from its short-term weakness. Oil prices have been impacted by the rising output of OPEC+ –…
VEGOILS-Palm falls on profit taking; traders await export data
The price of Malaysian palm oils futures fell on Tuesday due to profit-taking, a weakening market sentiment and traders awaiting export data. At the midday break, the benchmark palm oil contract on Bursa Derivatives exchange for December delivery fell 18 ringgit (0.4%)…
Palmetto slips by more than 1% due to market caution and anticipated stock building-up
Malaysian palm futures continued to fall for the second session in a row on Monday. This was due to a cautious investor sentiment, and an expectation of increasing inventories with increased production. By midday, the benchmark palm oil contract…
VEGOILS - Palm posts second weekly increase despite MPOB stock decline
Malaysian palm futures posted a second weekly gain despite falling by nearly 1% during the session. Stockpiles higher than expected weighed down on prices while Indonesia's plans for biodiesel supported prices. At the close, the benchmark palm oil…
Palm oil gains over 1% due to soyoil and crude oil strength
The price of Malaysian palm oil futures increased by more than 1% Wednesday, boosted by increases in crude oil and soyoil prices which prompted traders to close out short positions. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange gained 60 ringgit or 1.34% to 4…
Palm closes highest in 7-weeks on strength of soyoil and crude oil
The price of Malaysian palm oil futures rose by more than 1% Wednesday due to higher soyoil prices and crude oil, which prompted traders cover their short positions. The benchmark palm-oil contract for December delivery at the Bursa Derivatives Exchange in Malaysia gained 76 Ringgit or 1.7% to 4…
Palm oil gains from Indonesia's biodiesel plan, and strong Dalian oils
Malaysian palm futures rose for the third session in a row on Thursday. This was due to strength in Dalian oils, a rival oil company, and Indonesia's plans to produce biodiesel. However, traders are expected take profits before the Malaysia Palm Oil Board releases its monthly data.
Palm oil closes strong in Indonesian biodiesel plans and Dalian oils
Malaysian palm futures closed at their highest level in seven months on Thursday. This was due to the strength of rival Dalian oil and Indonesia's plans for biodiesel. Profit-taking ahead of Malaysia Palm Oil Board (MPOB's) monthly data is expected.