Palm oil and crude Dalian slips due to weak Dalian palm oil
Malaysian palm futures fell on Monday, erasing gains from the previous session, as Dalian palm oil and crude prices declined. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for September delivery had fallen 44 ringgit or 1.1% to $3,967 ringgit (USD $941.39) per metric ton.
As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets…
Palm prices rise on strong demand and lower production but the sixth weekly gain is halted.
Malaysian palm futures have ended six weeks of gains, with a weekly drop. This is despite the fact that they closed higher on Thursday due to expectations of lower production and strong demand coming from key destinations. At the close, the benchmark…
GRAINS-Chicago Soy increases on oil rebound, but wheat and corn decline on abundant supply outlook
Chicago soybean and soyoil contracts edged up on Wednesday as investors watched the fragile ceasefire agreement between Iran and Israel. After three consecutive sessions of losses, the most active soybean contract gained 0.24% and reached $10.39-4/8 per Bushel. Soyoil rose 0.78% to 53.02 Cents per Pound.
Coterra Energy maintains Permian rig counts as fears about the oil market ease
Coterra Energy, an oil and gas company in the United States, will keep its Permian basin rig count at nine, said CEO Tom Jorden on Tuesday. This reverses earlier plans to reduce activity, as the firm becomes more confident about the outlook of oil prices.
Palm oil prices fall sharply on the back of weaker rival oils and crude prices
The price of palm oil in Malaysia fell more than 3% Tuesday, ending a four-day rise, due to the weaker Chicago soyoil prices and crude oil after the ceasefire agreement between Israel and Iran. The benchmark contract for palm oil delivery in September…
Palm oil falls by over 3% due to weak Chicago soyoil and crude oil prices
After U.S. president Donald Trump announced the ceasefire agreement between Israel and Iran, Malaysian palm futures dropped more than 3%, ending a four-day rally. They were pressured by lower rival Chicago soyoil prices and crude oil, as well as the weaker Chicago oil and soyoil.
GRAINS and soybeans slump due to 'greenhouse weather' in US
Chicago soybean futures eased Monday as favorable weather conditions in the U.S. took the attention away from the U.S. strike on Iran that occurred over the weekend. The price of November soybeans dropped by 14 cents to $10.46-3/4 a bushel. Chicago…
Palm oil prices flatten as Dalian oils outperform weak demand
The price of Malaysian palm oils futures was largely unchanged on Thursday, as Dalian Oils, a stronger competitor, supported the market. However, weak demand, particularly from India, offset the gains. The benchmark palm-oil contract for September…
Palm oil prices flatten as Dalian oils outperform weak demand
Malaysian palm futures were mostly flat on Thursday, as Dalian oils, a stronger competitor, countered the weak demand in key markets such as India. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for September delivery fell by 4 ringgit or 0.1% to 4…
Palm oil prices rise in tandem with soyoil and a weaker Ringgit
The price of palm oil in Malaysia closed higher on the Dalian and Chicago exchanges, as well as a weaker currency. The benchmark palm-oil contract for September delivery at Bursa Malaysia's Derivatives exchange gained 37 ringgit or 0.91% to 4,101 Ringgit ($965.40), a metric tonne, at the close.
IEA: World oil demand will continue to grow this decade despite China's peak in 2027
The International Energy Agency (IEA) said that global oil demand will continue to grow until the end of the decade, despite a peak in China, the top importer, in 2027. This is because cheaper gasoline in the United States and a slower adoption…
Russian Oil Freight Rates to India Ease Further With Increased Tanker Availability
IFreight rates for Russian oil shipments from the Baltic ports to India eased further in the period from late May to early June, thanks to high tanker availability, but the trend may reverse if Europe's proposed lower price cap comes to fruition.The…
Russell: What is not happening in Middle East crude oil supply matters more.
It can be useful to consider what isn't happening in the Middle East when tensions are rising. On the crude oil markets, this means that we should focus on the fact there has not been a single barrel lost. All parties are interested in this situation.
Palm oil gains more than Chicago soyoil
Malaysian palm oil futures rose for the third consecutive session on Monday. They followed gains in Chicago soybean oil after the U.S. proposed increased biofuels blend volumes and elevated crude oil price. The benchmark palm-oil contract for September…
Russell: What is not happening in Middle East crude oil supply is more important than what is.
In times of increased tensions in the Middle East, it's more important to focus on what isn't happening than to fixate on the dramatic headlines about tit-fortat air and rocket strikes between Israel and Iran. This means that from the perspective of the crude oil market…
Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil
Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since…
Palm oil prices rise on the back of bargain-buying, Chicago soyoil
The price of palm oil in Malaysia has recovered on Thursday, after two consecutive sessions of losses. This is due to the strength in Chicago soyoil and bargain-buying. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange…
Palm oil falls due to softer crudes, rising rival oils and falling stocks
Malaysian palm futures fell for the second consecutive session on Wednesday, to their lowest level in more than two months. They were dragged down by weaker edible oils from rival producers, lower crude oil prices, and higher stocks at May's end.
Palm rises against stronger Dalian and Chicago rivals
Malaysian palm futures rose Monday, tracking rival vegetable oil in Dalian and Chicago. Market participants were waiting for more information on Malaysian palm oils. The benchmark contract for palm oil delivery in August on the Bursa Derivatives exchange gained 8 ringgit or 0.2% to $3…
