Palmetto slips but still posts weekly gains to end two-week decline
Malaysian palm futures ended lower on Friday due to weaker soyoil and concerns about overproduction. However, the contract posted a weekly gain after two consecutive weeks of losses. At the close, the benchmark 'palm oil' contract for May delivery…
Palm slips due to weak soyoil but is still on track to end its two-week slide
Malaysian palm futures fell on Friday due to weaker soyoil, and concerns over the potential for an excess of production. Traders are awaiting export data as they await further clues. By midday, the benchmark 'palm oil contract' for a May delivery…
Palm drops on Dalian's weakening, and is set to fall for a second week.
Malaysian palm oil futures fell for the fourth consecutive session on Friday, mirroring rivals in Dalian, and were headed?for their second consecutive weekly loss. By midday, the benchmark palm oil contract for April delivery at the Bursa Derivatives exchange had fallen 29 ringgit (0.72%) to 4…
Vitol CEO: Oil supply is squeezed by geopolitical factors
Vitol CEO Russell Hardy stated on Thursday that the global oil market has tightened despite predictions of an 'oversupply'. U.S. sanctions have limited the?outlets? for Russian and Iranian oil, which is causing a?increase in demand for oil from alternative sources.
Palm prices fall on firmer Ringgit and weaker Dalian Market
Malaysian palm futures fell for a third time on Thursday as a'slightly stronger ringgit' added to losses in the Dalian market and the absence of positive signals from an important'market conference. The benchmark April palm oil contract on the Bursa Derivatives exchange fell 24 ringgit (0.59%) to 4…
Palm futures in Dalian are weaker due to a stronger ringgit and a lower palm oil price.
The Malaysian palm oil market extended its losing streak on Thursday to a third day, due to the slightly stronger ringgit and a lack of positive signals from a major market conference. By midday, the benchmark palm oil contract on Bursa Derivatives…
The price of VEGOILS - Palm ends lower following the views and forecasts at the Price Outlook Conference
After the Price Outlook Conference (POC), held in Kuala Lumpur, several forecasts and views were presented. The benchmark palm oil contract for April delivery at Bursa Derivatives Exchange dropped 35 ringgit (0.85%) to 4,060 Ringgit ($1,037.83).
Palm gains on bearish outlook, slightly weaker Ringgit
After a selloff triggered by a major data release and a bearish outlook, Malaysian palm futures gained on Wednesday, snapping the losses of the previous session. The ringgit was also marginally weaker. By midday, the benchmark palm oil contract…
VEGOILS - Palm oil gains over rival soyoil. Key data on production and price forecasts are awaited.
Malaysian palm futures closed higher Monday. The market is awaiting data from the Malaysian Palm Oil Board and the Price Outlook Conference. The benchmark April palm oil contract on the Bursa Derivatives exchange rose 19 ringgit (0.46%) to 4,173 Ringgit ($1,061.29) per metric ton at close.
Oil Prices Rise After US Urges Caution for Vessels Traveling Near Iran
Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of Hormuz and Gulf of Oman.Brent crude oil futures were up 89 cents…
What can oil prices tell you about the market? Not a lot: Bousso
The global oil market is experiencing a series of price spikes due to geopolitical tensions and the opaque stockpiling. Western sanctions and tightening Western sanction are also causing traders to be in the dark. Prices may not accurately reflect…
Palm oil records first weekly decline in five weeks on the back of weak competitors
The price of Malaysian palm oils futures fell for the first time in five weeks due to the weakness of edible oils in Chicago and Dalian. By midday, the benchmark April palm oil contract on the Bursa Derivatives exchange had fallen 53 ringgit or 1.26% to 4,153 ringgit (1,052.72) per metric tonne.
Palm oil prices drop on Dalian pressure and demand concerns
Malaysian palm futures declined on Thursday due to a weaker Dalian vegetable oil and demand concerns amid a stronger ringgit. By midday, the benchmark 'palm oil' contract for April delivery at the Bursa Derivatives exchange had fallen 27 ringgit or 0.64% to 4,198 ringgit (1,063.86) per metric tonne.
Palm oil surpasses Dalian rivals in price
Malaysian palm oils futures rose on Wednesday, after two sessions of falls. They followed gains in Dalian vegetable oil, and 'expectations that Malaysian palm stocks would decline by 'end-January' added support. The benchmark April palm oil contract…
Palm oil falls to second session of lower Dalian prices
The Malaysian palm futures continued to lose money on Tuesday, as trading resumed following a long weekend. This was due to the decline in edible oils from Dalian. By midday, the benchmark palm oil contract for?April delivery at the Bursa Derivatives exchange was down 32 Ringgit or 0.76% to 4…
Bousso: ROI-Oil is not able to break through the range of its current price because it needs a shock from Iran's supply, but a tough talk.
Even though oil prices rose 15% in January on the back of fears that a new U.S. attack on Iran was imminent, they remain in a narrow range. A well-supplied crude oil market will not allow for much more price increase from either side. It would take…
Palmetto falls due to profit-taking; palmetto heads for weekly gains
Malaysian palm futures continued to lose money on Friday as investors took profits before the weekend. They also tracked declines in the Dalian, Chicago and other exchanges. Prices were still on course for a 4th consecutive weekly gain. By midday…
Geopolitics loom large over Big Oil earnings as investors seek Venezuela details
Exxon Mobil executives and Chevron executives will likely face more questions about their investment opportunities in Venezuela when they speak with analysts this Friday. After President Trump announced that he wanted to invest $100 billion to increase and control Venezuelan production, the U.S.
Geopolitics loom large over Big Oil earnings as investors seek Venezuela details
Exxon Mobil executives and Chevron executives will likely face more questions on their investment opportunities in Venezuela when they speak with analysts this Friday. After President Donald Trump announced that he wanted to invest $100 billion to increase and control Venezuelan crude oil production…
Palm prices end at their highest level in three months due to higher commodity prices
Malaysian palm futures rose for the fourth consecutive session on Thursday. The gains were boosted by commodity prices and crude oil that remained firm. The benchmark April palm oil contract on the Bursa Derivatives exchange gained 46 ringgit or 1.08% to 4,318 Ringgit ($1,100.13).