Senegal announces a 25-year plan for economic and social development
Senegal’s government released a 25-year plan of development on Monday. It said that the plan would lay the groundwork for economic sovereignty by focusing on competitiveness, resource…
VEGOILS - Palm erases early gains, speculative purchasing and short covering cap losses
Malaysian palm futures reversed gains and closed lower on Monday as crude oil prices fell. However, speculative purchases and short-covering helped limit the losses. The benchmark…
Palm oil sees its first monthly increase in three months
The price of Malaysian palm oils futures increased for the second consecutive session on Friday. This was their first gain in a month since three months. Firmer oil contracts from…
Palm oil to gain for the first time in three months
The price of palm oil futures in Malaysia rose on Friday, and was set to rise for the first time monthly in three months. This was boosted by higher rival oil contracts. Traders…
Palm oil prices fall as India's import tax worries counteract weak supply prospects
Malaysian palm futures closed lower on Wednesday, as fears over higher import taxes from India, the top buyer of vegetable oil in the world, outweighed the weaker outlook for supply from Indonesia, the top producer.
Senegal establishes commission to review oil contracts
On Monday, Senegal's Prime Minister Ousmane sonko announced that the country had set up a panel of experts in legal, tax and energy sectors to review oil and gas contracts, and…
The VEGOILS Palm index is up on the back of bargain-hunting and a stronger ringgit, but gains are capped by the stronger ringgit.
After trading sideways for most of the session, Malaysian palm oils futures made a recovery on Monday. However, a stronger Ringgit limited gains. By midday, the benchmark palm oil…
Palm oil's weekly loss is due to a decline in exports, and competition from rival oils.
Malaysian palm futures reversed gains early on Friday, logging a fourth successive weekly loss as weak exports and softer oil contracts from rivals outweighed the supply pressures of top producer Indonesia.
Palm oil exports slip on the back of weak Malaysian data
Malaysian palm futures fell on Tuesday, trading in ranges as weak exports for the month to date overshadowed a drop in stockpiles. By midday, the benchmark palm oil contract on…
WTI-Brent Spread Narrows as Oil Market Tightens
The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID…
Oil Price Risks Rise
Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, said the energy research firm Rystad Energy.Two Saudi Arabian…
Mexico Targets 50% Jump in Oil Output
Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, state…
Oil Slumps to One-year Low
Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.U.S.
Conoco Gets $345 mln from Venezuela's PDVSA
U.S. oil producer ConocoPhillips on Thursday said it received $345 million in cash and commodities last quarter from Venezuelan state oil firm PDVSA under a settlement that came…
Rising U.S. Shale Exports Turn WTI into 24-hour Benchmark -CME
Rising U.S. crude oil exports to Europe and Asia have had a knock-on effect in the futures market, turning the U.S. West Texas Intermediate contract into a near-24 hour benchmark, exchange operator CME Group said.
Peru's Vizcarra Repeals Tullow's Offshore Oil Contracts
Peruvian President Martin Vizcarra passed a decree that repealed five offshore oil contracts that his predecessor had awarded to Tullow Oil in March shortly before resigning, according…
Shell Targets Former Senior Executive in Nigeria Graft Complaint
Royal Dutch Shell has filed a criminal complaint against a former senior employee over suspected bribes in the $390 million sale of an oilfield in Nigeria, where the company is…
China Crude Futures Enjoy Champagne Start
China's new crude oil futures contract enjoyed a successful first day of trading in Shanghai, most likely exceeding the wildest hopes of its backers, but much of the hard work of…
ICE Moving Oil Contracts to U.S. as MiFID II Implement
The Intercontinental Exchange (ICE), one of the world's biggest commodity exchanges, is shifting the trading of some oil contracts to the United States, the exchange said in a statement…
Brazil's "Local Content" Rule likely to Stay
Brazil will likely limit planned cuts in local content requirements for future oil exploration and production contracts in a move aimed at appeasing local suppliers and to pave…
