Oil hedging activity reaches record levels in October as traders take on market risks
Oil futures and option trading reached record levels during October as investors sought to hedge against the growing uncertainty caused by the ongoing war in the Middle East, and an upcoming bearish supply and demand forecast for 2025.
The price of VEGOILS - Palm has fallen due to profit taking before the GAPKI conference
Malaysian palm futures declined on Tuesday, after four sessions of gains. Profit taking was a factor in the decline. This is due to profit-taking ahead of the Indonesian Palm Oil Association's (GAPKI), which will be held later this week.
Palm oil ends the day higher than rival oils as market focuses on key data
Malaysian palm oil futures closed Monday after rival vegetable oils. The market is waiting for data from the Malaysian Palm Oil Board and export figures. On the closing, the benchmark palm oil contract…
Palm oil rangebound against rival oils as market eyes key data
Malaysian palm oil futures were sideways Monday as they followed rival vegetable oils while the market awaited data from the Malaysian Palm Oil Board and export figures. During the midday break, the…
Chevron exceeds expectations for quarterly profits on the back of higher oil production
Chevron Corp. beat Wall Street expectations for the third quarter profit on Friday. However, its earnings dropped from a previous year. Chevron Corp, which has had its proposed $53 billion takeover…
VEGOILS - Palm closes 3% more, reaches highest level in nearly two and half years
Malaysian palm futures rose more than 3% Friday, the highest level in nearly two-and-a-half years, in response to higher soyoil, crude oil, and positive estimates for domestic exports. The benchmark…
Palm prices rise on higher soyoil and crude oil prices; second week of gains expected
Malaysian palm futures rose more than 2% Friday on the back of higher soyoil, crude oil and positive estimates for domestic exports. At midday, the benchmark palm oil contract on Bursa Derivatives…
US crude, fuel inventories fall last week, EIA says
The Energy Information Administration (EIA), which released its report on Wednesday, said that the U.S. crude, gasoline, and distillate inventory fell last week. The EIA reported that crude inventories dropped by 515…
Palm prices rise despite profit-taking and premium concerns
Malaysian palm futures rose for the second session in a row on Wednesday, despite profit taking pressure and fears that a wider premium over competing oils could dampen demand. The benchmark contract…
Palm prices jump over 2% due to low inventories and expectations of low output
After two sessions of declines, the price of Malaysian palm oils futures increased by more than 2%, boosted by expectations that palm production will be reduced and inventories in Malaysia will be low.
Palm gains due to low inventories and expectations of low output
The price of Malaysian palm oil futures increased on Tuesday due to expectations that palm production will be reduced and inventories will decrease. At midday, the benchmark palm oil contract on Bursa…
Palm trades in a sideways manner; weak Ringgit and technical buying limits losses
Technical buying and the weaker ringgit helped limit its losses. At the close, the benchmark contract for palm oil delivery in January on Bursa Derivatives Exchange dropped 6 ringgit or 0.13% to 4,530 Ringgit ($1,039.47).
Palm prices fall as India avoids premium prices but still has the best week for 16 months.
Malaysian palm futures ended lower on Friday, but still recorded its highest weekly gain since more than 16-months, as India pulled away from buying amid an increasing premium over soft oils. Fund…
Palm prices fall as India rejects premium prices and funds drive the market
Malaysian palm futures declined on Friday, but were still on track to have their best week in over 16 months. India pulled back from purchasing due to a growing premium for soft oils. Fund positions are driving the current prices.
Palm prices surge for a fourth day due to lower stocks and possible production drops
Malaysian palm oils jumped by more than 2% in value on Thursday. This was due to expectations that palm production would decline and the national stockpiles would be reduced. The benchmark contract…
EIA: US crude and gasoline inventories increase, while distillates are drawn down.
The Energy Information Administration (EIA), which is responsible for the U.S. Energy industry, announced on Wednesday that crude oil and gasoline stocks in the United States increased while distillate stockpiles fell.
Palmetto reaches highest level since over two years, due to low production and policy changes by top producers
The price of palm oil futures in Malaysia rose on Wednesday to its highest level in over two years, driven by the anticipated decline in production and the policy actions of two major producers. At the close of the Bursa Derivatives Market…
Palm oil increases by more than 2% compared to rival oils
The price of palm oil in Malaysia rose by more than 2% Tuesday due to the strength of rival oils. The benchmark contract for palm oil delivery in January on the Bursa Derivatives Exchange rose 88 ringgit or 2.05% to 4…
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. The benchmark…
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. The benchmark contract…
