Russian central bank expects low oil prices to continue for a while
The Russian central bank warned Kremlin policymakers that the United States and OPEC could flood the oil markets and cause a similar price collapse to what occurred in the 1980s, which led to the fall of the Soviet Union. The warning was issued weeks before Russian President Vladimir Putin and U.S.
Palmetto slips with a second consecutive weekly loss
Palm oil ended lower on Friday, and recorded a second consecutive weekly loss. This was due to a decline in Chicago soyoil and the persistently slow performance of Malaysian palm oil exports. The benchmark contract for palm oil delivery in June…
VEGOILS - Palm up in hopes of better demand, but second consecutive weekly loss
Palm oil prices rose on Friday, on the hope of improved demand from India and China. However, they were still heading for their second consecutive weekly loss because of weakness in Chicago soyoil contracts and Malaysian palm oil exports that have been slowing down.
Russell: OPEC and IEA are focused on China's oil demand but it is the crude imports that matter.
What is more important to the crude oil market? Which is more important: the growth forecasts by major agencies of Chinese oil demand or the actual weakness of imports? The International Energy Agency (IEA), as well as the Organization of Petroleum Exporting Countries…
Export data from surveyors show palm gains on Dalian
The price of Malaysian palm oils futures rose for the second consecutive session on Thursday. This was due to the strong performance in Dalian and the newly released export surveyors data. The benchmark contract for palm oil delivery in June on…
Russell: OPEC and IEA are focused on China's oil demand but it is the crude imports that matter.
What is more important to the crude oil market? Which is more important: the growth forecasts by major agencies of Chinese oil demand or the actual weakness of imports? The International Energy Agency (IEA), as well as the Organization of Petroleum Exporting Countries…
Palm prices end higher due to Indonesia's increased levy and weak Malaysian production
Malaysian palm oils closed higher on Wednesday, after Indonesia reaffirmed its intention to increase the palm oil export tax. Malaysia's lower production figures have however limited gains. The benchmark contract for palm oil delivery in June on…
Palm logs weekly losses; low demand puts pressure on the market
Malaysian palm futures rose marginally on Friday, but posted a loss for the week as profit-taking and weaker demand in major destination countries kept market pressure. The benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange gained 39 ringgit or 0.86% to 4…
Palm prices rise on fear of lower production, but demand is weak.
Malaysian palm futures rose Thursday, supported by lower production levels. However, persistent concerns about demand from key import countries limited gains. By midday, the benchmark May palm oil contract on Bursa Derivatives Exchange had gained 46 ringgit or 1.03% to 4…
Palm slips due to weaker Dalian oil; Indian imports increase limit fall
The Malaysian palm futures continued to decline for a second consecutive session on Tuesday. Pressured by Dalian Oils, whose prices were lower, an increase in India’s palm oil imports helped limit the loss. At the close, the benchmark contract for…
Palm falls due to profit-taking and weakness in Chicago Soyoil
Malaysian palm futures dropped on Monday, ending three sessions of gains. Profit-taking and lower Chicago soybean oil prices were to blame. At midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for May delivery fell 18 ringgit or 0.39% to 4…
Palm posts weekly gains despite production concerns
Malaysian palm futures posted a sharp gain on Friday, with a weekly gain of 1.6%. This was due to fears that production would be cut in key palm oil producing areas. The benchmark contract for palm oil delivery in May on the Bursa Derivatives Market gained 147 ringgit or 3.28% to close at $4…
Palm oil tracks Dalian oil higher and sets for second consecutive weekly loss
Malaysian palm futures were up on Friday as they tracked the movement of rival oils in the Dalian Market. However, the market is set to drop for the second consecutive week while it awaits the inventory data from Malaysian Palm Oil Board. By midday…
VEGOILS - Palm oil gains over Chicago soyoil; inventory data to be released
After two sessions of losses on the Chicago Soyoil Market, the Malaysian Palm Oil Board's futures prices rose on Wednesday. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange was up 21 Ringgit or 0.48% to 4,370 Ringgit ($983.13) per metric ton.
Palm oil falls on weaker Dalian oil, Sino-US Tariff War
Malaysian palm oils futures ended lower on Tuesday due to weaker Dalian oils, and fears over China's response to new U.S. duties on Chinese products. The benchmark May palm oil contract on Bursa Derivatives Exchange dropped 137 ringgit or 3.06% to close at $4,347 ringgit (US$973.79) per metric ton.
Palm oil falls due to weaker Dalian oils, and US tariffs
Malaysian palm futures fell on Tuesday due to weaker Dalian oils, and worries about upcoming U.S. trade tariffs against key trading partners. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange fell by 105 ringgit or 2.34% to 4…
Trump's tariffs threaten Canada's oil and natural gas drillers
Canada's oilfield services and drilling sector has already begun to show signs of slowing down due to the threatened tariffs by U.S. president Donald Trump. This has sparked fears that a rebound in this industry could be halted if these levies are implemented.
Palm oil is set to rise and gain monthly gains
Malaysian palm oils futures rose slightly on Friday, reflecting the strength of rival oils. The market is also expected to post its first month gain in three-months. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange…
Palm oil is gaining on the strong markets of rivals
The futures for Malaysian palm oils rose on Tuesday as a result of the strength of rival oils traded on Dalian and Chicago, while participants awaited further information from an industry meeting in Kuala Lumpur. By midday, the benchmark contract…
Palm oil drops on weaker rival oils and a bearish outlook
The price of Malaysian palm oils futures plummeted on Thursday. This ended two sessions of gains as analysts and the weakness in other oils weighed it down. By midday, the benchmark May palm oil contract on Bursa Malaysia's Derivatives exchange had fallen 96 ringgit or 2.08% to 4…
