Tuesday, November 5, 2024

Bernama News

VEGOILS - Boost exports on the back of positive estimates and weak output

Malaysian palm oil futures ended up higher on Monday after two sessions of losses. Supported by higher export estimates, and expected seasonal palm production decreases, the prices rose.

Palm gains from better export estimates and expectations of low output

After two sessions of declines, Malaysian palm oil futures eked out a slight gain on Monday, backed by increased export estimates and expected seasonal palm production decreases.

VEGOILS - Palm extends its winning streak on concerns about output; firm ringgit is a factor

The price of Malaysian palm oils futures increased for the fifth consecutive session on Tuesday, despite concerns about production. A stronger ringgit and cancellations by India…

Palm snaps winning streak of four sessions on strong ringgit and India demand concerns

On Tuesday, Malaysian palm oils futures fell for a first time in five sessions due to a stronger ringgit as well as concerns about demand after India, the world's largest buyer of palm oil…

Lightning Sparks Fire at Hengyuan's Malaysian Refinery

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Hengyuan Refining Company Bhd said on Friday that a tank storing crude oil had caught fire at its refinery on the Malaysian west coast.Preliminary investigations…

Malaysian State Open to Buying Petronas Stake

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Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was…

Petronas in Game for a Third FLNG Unit

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) would build a third floating liquefied natural gas (FLNG)unit if there’s a demand.Petronas is…

Sarawak Seeks to Recoup Tax from Petronas

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Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according…

Petronas Completes 3rd LNG Break Bulking STS Transfer

Petronas LNG Ltd (PLL), a subsidiary of Petroliam Nasional Bhd (Petronas),  has completed its second liquefied natural gas (LNG) cargo through its break bulking…

Malaysia Could List Petronas' Exploration Arm

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Malaysia is considering listing the exploration and production arm of state energy company Petronas, the world's third-biggest exporter of liquefied natural gas…

Petronas Mulls Relocating Canada LNG Project

Malaysia's state-owned oil firm Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency…