|Day's range||63.85 - 65.18|
(Reuters) - Futures for Canada's main stock index were lower on Friday, as oil prices fell on expectations that OPEC will raise output to counter shrinking exports from Iran after sanctions imposed by the United States. June futures on the S&P/TSX index were down 0.11 percent at 7:00 a.m. ET. Canada's budget balance data for February is expected at 11:00 a.m. ET. The Toronto Stock Exchange's S&P/TSX fell 10.42 points, or 0.06 percent, to 16,576.10 on Thursday. Dow Jones Industrial Average e-mini futures were down 0.06 percent at 7:00 a.m. ET, while S&P 500 e-mini futures edged down 0. ...
* Palm falls to near one-month low of 2,104 rgt/T * Market also bearish on end-stocks outlook - trader * Palm down 3.3 pct on-week (Updates with closing prices) By Emily Chow KUALA LUMPUR, April 26 (Reuters) ...
Surging global oil prices will pose a first big challenge to India's new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned. In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.
April 26 (Reuters) - Borneo Oil Bhd: * MARCH PRODUCTION OF GOLD DORE 13.03 OZ * MARCH ORES MINED 5,093 MT Source ( http://bit.ly/2VkAAC7 ) Further company coverage:
The CEO, Steve Williams, also put Canada's failure to build new export pipelines that would ship more crude out of landlocked Alberta squarely at the feet of federal and provincial governments and regulators. Williams will retire next week after 17 years with Canada's largest energy company by market capitalization, having spent seven of those years at the helm. Canada is home to the world's third-largest crude reserves, the bulk of which are in Alberta's oil sands, but has struggled for years to get new export pipelines built because of regulatory delays and fierce environmental opposition.
According to a new report from the IEA, Iraq will play a crucial role in meeting global oil demand over the next decade as it boosts production
Iran is speaking out against the United States again, calling for some diplomacy as tensions between the two nations continue to escalate
What to Expect from Enterprise Products Partners’ Q1 Earnings(Continued from Prior Part)Oil production US crude oil production rose from 11.7 million barrels per day in the week that ended on December 28, 2018, to 12.2 million barrels per day in
A wave of clean energy policies are undermining federal efforts to keep coal alive, with U.S. states getting behind the renewable transition
The decline in oil & gas production from Californian legacy fields continues to mount as the Golden State isn’t keen on approving new projects that could reverse its output slump
Oil: There Might Be another Rally in the Cards(Continued from Prior Part)Oil-weighted stocks On April 17–24, our list of oil-weighted stocks rose 1%—compared to the 3.2% rise in US crude oil June futures. On average, our list of oil-weighted
Oil: There Might Be another Rally in the CardsAnother rally for oil prices? At 4:18 AM EST on April 25, US crude oil May futures were 23 cents higher than the last closing price. In the last two trading sessions, US crude oil active futures
Will Marathon Petroleum’s Q1 Earnings Rise?(Continued from Prior Part)Short interest in Marathon Petroleum The short interest in Marathon Petroleum (MPC) has risen from 1.1% on February 27 to the current level of 1.4%. Usually, an increase in the
* Palm prices hit 3-session peak earlier in day * Bearish production outlook weighs on mkt - trader * M'sia April 1-25 palm export data up 1.4-8.9 pct - cargo surveyors (Updates with closing prices) By ...
China plans to buy an additional 1.9 million tonnes of palm oil from Malaysia over the next five years and invest at least 2 billion ringgit ($480 million) in a biojet fuel plant, Malaysia's ministry of primary industries said on Thursday. The plans are outlined in a memorandum of understanding signed between the China Chamber of Commerce of Foodstuffs and Native Produce and the Malaysian Palm Oil Council in Beijing, according to a ministry statement. China and Malaysia also agreed in the MoU to work together to encourage the use of the yuan for palm oil trade, pending approval from Malaysia's central bank.
KUALA LUMPUR, April 25 (Reuters) - China will buy an additional 1.9 million tonnes of palm oil from Malaysia over the next five years, Malaysia's state news agency Bernama said on Thursday, citing the ...
(Corrects headline to 8.9 pct, not 4.2 pct, and bullet point to 1,260,622 tonnes, not 1,206,622, after AmSpec corrects export figures) April 25 (Reuters) - * MALAYSIA'S APRIL 1-25 PALM OIL EXPORTS SEEN ...
KUALA LUMPUR, April 25 (Reuters) - Malaysian palm oil futures opened higher on Thursday, edging up to a three-session top. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives ...
KUALA LUMPUR, April 25 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures recouped earlier losses ...
Venezuela's state-run oil company PDVSA on Wednesday said it had activated a power generator that would allow for an increase in crude oil output, after a string of nationwide blackouts disrupted operations in the country's heavy-crude oil Orinoco belt. The company said in a statement the generator would add 10 megawatts of power to the electrical system in the Morichal district of the belt, allowing for an increase in output of Merey crude, Venezuela's most common export grade. PDVSA said the additional capacity would benefit the Petroindependencia joint venture, which is 34 percent owned by Chevron and allow for the reactivation of a pumping station for diluents, which are oil products that PDVSA needs to convert its extra-heavy oil into exportable grades.
While Trump’s decision not to extend the Iran sanctions waivers may seem to suggest he is pursuing higher oil prices, his base desperately needs prices to stay low
Saudi Oil Minister Khalid al-Falih has reassured oil markets that his country won’t ramp up oil production soon despite the end of Iranian sanction waivers
Will Marathon Petroleum’s Q1 Earnings Rise?(Continued from Prior Part)Analysts’ ratings for Marathon PetroleumIn this part, we’ll discuss analysts’ ratings for Marathon Petroleum (MPC). The company is expected to post its first-quarter
Natural Gas: Is the Fall Unstoppable?Natural gas prices On April 23, natural gas June futures fell 2.3% and settled at $2.499 per MMBtu (million British thermal units)—near the lowest closing level for active natural gas futures since June 6,