|Day's range||52.73 - 52.95|
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures rose on Thursday, helped by steady crude oil prices and ...
The IEA thinks that OPEC and its partners have succeeded in putting a floor under oil prices, but have not yet succeeded in dealing with the global supply surplus
Apple is building a $1 billion campus in Austin, Texas. The company says it will also open offices in Seattle, San Diego and Culver City, California, each employing at least 1,000 workers. BEIJING (AP) -- China has confirmed the detentions of two Canadian men, raising the stakes in a three-way international dispute with the United States.
Investing.com - Oil prices rose on Thursday as the International Energy Agency forecast that the market would rebalance faster than it originally thought.
The price spike in Canadian crude is unlikely to last and is looking more as a knee-jerk reaction to the announcement of production cuts that have not yet gone into effect
In the previous part, we looked at Marathon Petroleum’s (MPC) moving average trend. Now, we’ll consider its implied volatility to forecast its stock price range until the end of the year.
In this part, we’ll look at Marathon Petroleum’s (MPC) moving averages trend in the current quarter. Before that, let’s see briefly how Marathon Petroleum’s moving averages have trended in 2018.
The global oil market could move into deficit sooner than expected thanks to OPEC's output agreement with Russia and to Canada's decision to cut supply, the International Energy Agency said on Thursday. The Paris-based IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day, unchanged from its projection last month, and said it expected growth of 1.3 million bpd this year. Uncertainty over the global economy stemming from U.S.-China trade tensions could undermine oil consumption next year, as growth in supply gathers pace.
Kaabi was concerned OPEC membership could be a stumbling block for QP's ambitions in the United States, where it has one of the world's biggest LNG terminals, and a distraction as Doha doubles down on gas production, three industry sources said. Proposed U.S. legislation known as NOPEC (No Oil Producing and Exporting Cartels Act) could expose members of the oil exporters club to antitrust lawsuits, a risk for QP at a time it is planning to invest billions more in the United States. The sources said Qatar's exit had been in the works for months, driven by Kaabi's desire to focus on Qatar's strength in liquefied national gas (LNG) rather than OPEC, where Doha has little say anyway because it doesn't produce much oil.
Investing.com - Oil prices gained on Thursday in Asia after the Energy Information Administration (EIA) reported a drop in U.S. crude stockpiles.
Federal prosecutors allege the European multinationals and some smaller players collectively paid at least $31 million in bribes over a six-year period to employees at Brazil's state-led oil company Petrobras to sell them oil at sweetheart prices. More than 600 pages of legal documents reviewed by Reuters portray what prosecutors describe as a bustling criminal enterprise fueled by creativity, competition and greed.
* Market supported by positive global sentiment - trader * Palm may gain further into 2,056-2,074 rgt/T range - Techs By Emily Chow KUALA LUMPUR, Dec 13 (Reuters) - Malaysian palm oil futures rose over ...
Dec 13 (Reuters) - Jaya Tiasa Holdings Bhd: * NOV PRODUCTION OF FFB 80,802 METRIC TONNES, CRUDE PALM OIL 15,942 METRIC TONNES, PALM KERNEL 2,689 METRIC TONNES, LOGS 15,343 CUBIC METRES Source text : http://bit.ly/2C9xgiA ...
OPEC and its partners managed to reach an agreement to cut 1.2 million bpd of production, but the vague commitment and the size of the cut could fail to send prices up much higher
OPEC expects demand for its crude to be slightly lower in 2019, averaging 31.4 million bpd, down by 100,000 bpd from last month's forecast
Marathon Petroleum Stock Has Fallen 26% in Q4: What's Next? Marathon Petroleum’s (MPC) dividend yield has risen due to a fall in its stock price. Before we review the stock’s yield trend, let’s look at the company’s dividend payment in the current quarter.
The crude oil volumes traded this year are on track for a record high as China’s yuan-denominated trades are offsetting lower activity in the Brent benchmark
The European Bank for Reconstruction and Development will stop financing coal projects and nearly all oil projects, it said on Wednesday, as part of a global effort by government-owned development banks to reduce climate change. Decarbonising the EBRD region's energy sectors requires a shift away from the most polluting fuels, said Nandita Parshad, EBRD Managing Director of Energy and Natural Resources. From January, the EBRD is also adopting a "Shadow Carbon Pricing Methodology" for use in EBRD projects with significant greenhouse gas emission footprints.
Investing.com - U.S. crude oil inventories fell less than expected last week, the Energy Information Administration said in its weekly report on Wednesday.
The natural gas rig count was at 198 last week—nine more than the previous week. The natural gas rig count has fallen ~87.7% from its record level of 1,606 in 2008. Since September, natural gas prices have risen nearly 38%, which might be luring natural gas producers to increase their production.
With the production cut agreement that’s set to be implemented in 2019, US crude oil’s downside could be limited. Traders think that the recent flow of funds from oil to the natural gas market might stop, which could be a negative development for natural gas prices.
Bank of America Merrill Lynch (BAC) expects Brent crude oil to average ~$70 per barrel in 2019, according to a CNBC report. The OPEC and non-OPEC agreement to cut 1.2 MMbpd (million barrels per day) of oil from the October production level in 2019 would be the key driver for US crude oil prices going forward.
The first cargo of Iraqi Kirkuk crude to change hands since flows resumed last month has been sold to Litasco, the Swiss-based trading arm of Russian oil producer Lukoil, ship-tracking data and a shipping document showed. The Rava tanker, loaded with about 600,000 barrels of Kirkuk oil, left the Turkish port of Ceyhan on Dec. 10 for Lukoil's refining system in Italy, according to Refinitiv Eikon data. Litasco is scheduled to take two more cargoes of Kirkuk oil in December, a local shipping agent said.