Iranian strikes burn oil tankers, despite Trump's claims to have won war
Two oil tankers caught fire in an Iraqi harbor on Thursday, after being hit by a boat suspected to be laden with explosives. This was a new attack that has cut off Middle East oil and defied Donald Trump’s claim of having?won' the war launched two weeks earlier.
Palm oil gains against Dalian and Chicago rivals, with stronger crude
Malaysian palm futures were up on Thursday due to higher crude oil prices, gains in other edible oils and the expectation of increased biodiesel consumption following Indonesia's decision to speed up road tests for B50 blend. The benchmark 'palm…
Palm prices rise as rival Dalian and Chicago oil prices also increase
Malaysian palm futures rose on Thursday, supported by higher crude oil prices, gains in other edible oils, and expectations for stronger biodiesel demands following Indonesia's decision to accelerate road testing of B50 blend. After reaching an intraday peak of 4…
Iran War causes major disruptions in oil and gas
U.S. and Israeli war against Iran, and the attacks of Iran on Gulf neighbours has caused oil and natural gas production to stop in the Middle East. The Strait of Hormuz is the world's most important oil artery. It handles 20 percent of the global oil and LNG supplies.
VEGOILS - Palm oil drops more than 3%, as crude and rival oils slump
Malaysian palm futures dropped more than 3% on Monday, following declines in rival edible oils traded in Dalian, Chicago and Dalian markets, as well as crude oil. This was a day after they had posted their largest jump in three-years. The benchmark…
EUROPE GAS - European prices fall in line with crude oil as Middle East hopes for de-escalation are raised
Dutch and British wholesale gasoline prices fell from their 3-year highs in the morning of?Tuesday, mirroring oil market movements after?U.S. Donald Trump claimed that the Middle East conflict would end "soon". Data from Intercontinental Exchange (ICE)…
Oil majors are still stuck on the sidelines as Iran's war increases oil prices.
Oil prices rose to their highest level since 2022 on Monday, but the shares of major producers such as Shell and Exxon Mobil are still only seeing modest gains'since the U.S. - Israel war on Iran 'broke out last month. This suggests that traders believe the pain in the market could be temporary.
Palmetto reaches highest level in five weeks; set for weekly gains
Malaysian palm futures rose?to the highest level in five week?on friday, supported by stronger Dalian edible oils and a weaker ringgit. They were also poised to post weekly gains. By midday, the benchmark?palm-oil contract for May delivery at the…
Source: India wants US marine coverage for Middle East energy cargoes
India and the United States are in discussions to secure marine coverage for vessels that ship oil from the Middle East. New Delhi is seeking to protect buyers from possible supply disruptions due to the Gulf crisis. The official who didn't want to be named said that "so far…
Canadian Natural Resources exceeds profit expectations on higher production
Canadian Natural Resources, an oil and gas producer, posted a profit that was higher than expected for the fourth quarter. The company's increased output offset lower crude prices. Canadian Natural Resources and other oil sands producers in Canada have survived a 'global downturn'…
Palm oil reaches a one-month record as crude prices surge
Malaysian palm futures rose on Thursday. They closed at their highest levels in a month, supported by an increase in crude oil price. The benchmark contract for palm oil delivery in May on the Bursa Malaysia Derivatives Exchange rose by 26 Ringgit (0.62%) to close at $4,205 ringgit (1,067.26) per ton.
Source: Russia is ready to divert oil from Middle East to India due to Middle East conflict disrupting flows.
An 'industry source' with direct knowledge said that Russia was ready to divert oil from the Middle East to India in order to counter supply disruptions. About 9.5 million barrels of Russian crude are currently on vessels near Indian waters, and could arrive within weeks.
Palm oil ends Chicago soyoil's lower track, and profit-taking
After three sessions of gains, the price of palm oil in Malaysia fell on Wednesday due to profit-taking and lower Chicago soyoil. The benchmark 'palm oil contract' for May delivery on the Bursa Malaysia Derivatives Exchange fell 8 ringgit or 0.19% to 4…
Palmetto falls after three sessions on the basis of profit-taking
Malaysian palm futures declined on Wednesday, after reaching a near four-week-high in the previous session. Profit-taking and falling edible oil prices from Dalian and Chicago weighed on the contract. After three consecutive sessions of gains, the…
Palm set to decline monthly due to sluggish ringgit and exports.
Malaysian palm futures rebounded on Friday, tracking gains in Chicago soybean oil, but were set to suffer their largest monthly drop in 10 years due to sluggish shipments and a stronger ringgit. After a 1% decline on Thursday, the benchmark palm…
Palm tracks Dalian, Chicago competitors lower; firm currency weight
Malaysian palm?oil?futures dropped on Thursday. They were weighed down by a weakening oil market in Dalian, Chicago and sluggish exports. The benchmark palm-oil contract for May delivery at the Bursa Derivatives Exchange fell 48 ringgit or 1.18% to 4,005 Ringgit ($1,031.68) per metric ton?at closing.
VEGOILS - Palm oil tracks Dalian palm and Chicago soy oils are lower; weak exports weight
Malaysian palm oil futures dropped on Thursday. They were weighed down by weak Dalian palm oil, Chicago soy oil prices, and sluggish exports. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange had fallen 27 ringgit or 0.67% to 4,026 Ringgit ($1,036.29) per metric tonne.
Palm tracks rival Chicago Soyoil Dalian's olein lower
Malaysian palm futures fell on Wednesday, marking the fourth?straight session of declines, following weakness in Chicago soyoil and Dalian's palm oil. The benchmark palm oil contract for May delivery at Bursa Derivatives Exchange dropped 1 ringgit or 0.02% to 4,052 Ringgit ($1,042.45) per metric ton.
Palm oil prices fall for the third consecutive session due to weak demand and a strong ringgit
The price of Malaysian palm oils futures fell for the third session in a row on Tuesday. This was due to a weakening export market and a strong Malaysian ringgit. By midday, the benchmark palm oil contract for May delivery at the Bursa Derivatives Exchange had fallen 29 ringgit or 0.71% to 4…
Palm falls overnight on weakness in Chicago soyoil; ringgit firmer
Malaysian palm futures continued to decline on Monday. They were weighed down by weaker crude oil, overnight weakness in Chicago soyoil and a stronger ringgit. The benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for May delivery lost 8 ringgit or 0.2% to close at 4…