|Day's range||53.52 - 54.82|
Nov 22 (Reuters) - TSH Resources Bhd: * OCTOBER MONTH PRODUCTION FOR CRUDE PALM OIL 13,155 MT; PALM KERNEL 3,517 MT Source text: Further company coverage: (Reuters.Briefs@thomsonreuters.com)...
South Sudan is making its first big foreign investment pitch since declaring an end to civil war, but the oil-rich nation faces hesitation from some companies that want to make sure the fragile new peace deal holds. Tapping 3.5 billion barrels of oil reserves, the third largest in Africa, is the fastest route for South Sudan, whose economy is almost entirely dependent on oil exports. "Do business or get out," South Sudan's petroleum minister, Ezekiel Lol Gatkuoth, said in an interview with The Associated Press on Wednesday.
* Crude oil rally positive, but palm inventory weighs - trader By Liz Lee KUALA LUMPUR, Nov 22 (Reuters) - Malaysian palm oil futures fell marginally on Thursday as concerns over high inventory levels ...
OTTAWA/VANCOUVER (Reuters) - Canada's federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter. The lack of pipelines has caused Western Canadian oil producers to struggle to move oil to refineries in the United States, resulting in record low prices for Canadian crude. The province has proposed adding enough rail cars to ship an additional 120,000 barrels per day (bpd) of crude oil, with the first round of cars to be in service in July 2019 and the full capacity online by October 2019, running until 2022, the sources said.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures ended Wednesday's trade higher as a recovery in crude ...
As it continues to recover from a devastating civil war, Libya is aiming to ramp up oil production and isn’t eager to join a new OPEC output deal
China is set to continue importing robust volumes of Iranian crude thanks to U.S. waivers that allow it to keep on buying crude from the Islamic Republic until May next year
South Korea, one of the world’s largest importers of Liquefied Natural Gas continues to dominate the LNG shipping business, constructing about 78% of all new carriers this year
The U.S. rig count fell slightly on Wednesday, while the Canadian rig count increased as oil prices regained some lost ground after having fallen 7 percent on Tuesday
The natural gas rig count was at 194 last week—one less than the previous week. The natural gas rig count has fallen ~87.9% from its record level of 1,606 in 2008.
Oil prices fell back a bit on Wednesday morning after the EIA contradicted the API, reporting a moderate build in crude oil inventories
Goldman Sachs (GS) expects a high level of volatility in oil prices in the upcoming weeks—based on its note on November 21. In the last trading session, US crude oil prices fell 6.6%. At 7:01 AM EST on November 21, US crude oil prices have risen by almost 90 cents.
Nov 21 (Reuters) - Southern Acids (M) Bhd: * OCT PRODUCTION OF CRUDE PALM OIL 5,961 MT, PALM KERNEL 1,388 MT AND FRESH FRUIT BUNCH 8,806 MT Source: https://bit.ly/2KmmzM4 Further company coverage:
Investing.com - Oil prices bounced back on Wednesday in Asia, a day after hitting their lowest point in 2018 after U.S. President Donald Trump said the U.S. remains a “steadfast partner” with Saudi Arabia despite the killing of journalist Jamal Khashoggi.
* Futures contract hits lowest since August 2015 * Mood dampened on high stocks, lower exports, overnight fall in crude oil - traders * Palm may fall to 1,933 rgt per tonne - technicals By Liz Lee KUALA ...
By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth. U.S. West Texas Intermediate (WTI) crude futures ended the session down $3.77, or 6.6 percent, at $53.43 per barrel. The contract fell as much as 7.7 percent during the session to touch $52.77 a barrel, the lowest since October 2017. ...
Crude imports in October climbed 10.5 percent from a year earlier to 21.02 million tonnes, the highest monthly import figure in PPAC data going back to April 2011. In October, India's oil imports from Africa surged to more than a three-year high. India is among the eight countries to have received a waiver from the United States to continue crude oil imports from Iran without penalty after sanctions were reimposed on Tehran.
The UAE, a prominent OPEC member, believes that OPEC is very likely to agree to new oil production cuts in order to counter quickly falling oil prices
Dozens of tankers waiting to load Venezuelan oil were diverted to other PDVSA's terminals since Jose port's South dock was shut in late August, causing delays in deliveries to customers and cutting export revenue. Venezuela's crude exports fell to 1.06 million barrels per day last month from 1.39 million bpd in July, according to Refinitiv Eikon data, due to the infrastructure problems and an ongoing crude output decline.
Albertan oil producers need to become warier of overbooking already filled to capacity oil pipelines creating what’s commonly called “air barrels” as these contribute to the huge discount Canadian crude is trading at to WTI and other benchmarks
The Zacks Analyst Blog Highlights: Peabody Energy, First Solar, General Motors, Ford Motor and Tesla
DUBAI (Reuters) - There is an initial agreement within OPEC to cut production in the coming meeting in Vienna on December 6, but the amount has not been decided yet, UAE OPEC Governor Ahmed al-Kaabi said on Tuesday.