Oil
Oil settles higher as Russia orders output cuts, geopolitical tensions persist
OIL prices settled higher on Monday (Mar 25) as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset...
Declining Indonesian palm oil exports may affect domestic supply, officials say
INDONESIA’S palm oil product exports slipped in January and February, raising concerns less of the edible oil will be available domestically because of the tie between overseas sales quotas...
Oil prices rise as heightened geopolitical risk exacerbates supply concern
OIL prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine,...
Sinopec 2023 profit falls 13% on oil prices, refining record
SINOPEC’S annual profits declined 13 per cent, after oil prices fell and Chinese refiners posted a record year for processing and imports. China’s largest fuel processor, officially known as...
Oil prices slip on Gaza ceasefire talks
OIL prices slipped on Friday (Mar 22) and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks, while the war in Europe...
PetroChina set to take Venezuelan oil after US sanctions eased
PETROCHINA is set to receive a cargo of Venezuelan oil, which will be used at its mega refinery in Guangdong, after the United States rolled back sanctions on the...
Oil settles lower on weaker US petrol demand, Gaza ceasefire hopes
OIL prices settled slightly lower on Thursday, pressured by weaker US petrol demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Brent crude...
Higher CPO prices, low stockpiles only a brief reprieve for regional palm oil stocks
THE mini rally in palm oil prices and current low stockpiles have given regional palm oil companies some respite in light of the broader volatility-ridden agri commodities sector, but...
