|Day's range||52.17 - 52.72|
* Palm hits 2,294 ringgit/tonne, highest since Sept 5 * Short-covering, overnight gains in CBOT soyoil help - trader * Palm oil may rise more into 2,304-2,322 ringgit range - techs By Emily Chow KUALA ...
U.S. refineries that depend on Venezuela's heavy crude would have even more trouble securing supplies as Canadian and Mexican crudes are often not as discounted and are limited in availability. The United States is considering moves to cripple Venezuela's oil shipments, which account for nearly all of the country's exports, in response to the reelection of President Nicolas Maduro that was widely viewed as a sham.
Investing.com - Oil prices slid on Thursday in Asia as lingering concerns over global economic growth continued to affect investors’ risk appetite.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures reversed earlier losses to rise to their highest in nearly ...
Saudi Arabia, OPEC’s largest crude oil producer expects oil demand to be rising till at least 2040, and thinks that it’s the most competent oil producer to continue meeting this demand growth
It was a volatile year for oil prices in 2018, and as the new year starts with a rebound from December lows, there are several key factors to watch
Russia shouldn’t try to bring U.S. shale production down with an oil price war, because Moscow would also be hurt in such an event according to the chief of Russia's main wealth fund
U.S. oil producers sought on Wednesday to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts. The Organization of the Petroleum Exporting Countries and non-OPEC allies such as Russia have cut output since 2017 to support oil prices, while watching producers in the United States, which is not party to the cuts, drive up production. The United States has overtaken Russia and Saudi Arabia to become the world's biggest crude producer.
US Crude Oil Heads for Its Highest Level in 2019 with Equity RiseAn intraday highOn January 23, US crude oil made an intraday high of $53.64, just $0.60 below its highest level in 2019 so far. China’s and Japan’s recent announcements that they
Bank of Canada Governor Stephen Poloz on Wednesday said the Canadian economy is in good shape, although low oil prices are delivering "a material shock" that would cut growth this year. Poloz, speaking to Bloomberg Television at the World Economic Forum in Davos, Switzerland, also reiterated that the pace of future interest rate hikes would be heavily dependent on data and how the economy responded to the challenges posed by weak crude prices and global trade worries. "The economy is in good shape - we've got a couple of things we are dealing with, low oil prices for one ... so that's become a material shock," he said, noting the bank has cut its 2019 growth forecast to 1.7 percent from 2.1 percent.
Will Marathon Petroleum’s Q4 Earnings Beat Estimates?(Continued from Prior Part)Implied volatility in Marathon Petroleum In this part, we’ll look at Marathon Petroleum’s (MPC) stock price forecast range based on its implied volatility for the
The global oil output cut should not be prolonged, the head of Russia's second biggest oil producer, Lukoil, said on Wednesday, Interfax news agency reported. Lukoil would have to cut its output by 30,000 barrels per day by April under the OPEC and non-OPEC oil deal, but it could still maintain full-year oil output in 2019 at the same level as in 2018, Vagit Alekperov told reporters on the sidelines of the World Economic Forum in Davos, according to Interfax. Alekperov also said that the current oil price of around $60 per barrel was satisfactory for Russia's budget and for Russian oil companies.
An expected increase in U.S. oil exports could weigh on oil prices towards the end of the year, the chief executive of French energy company Total said on Wednesday. Speaking to France's BFM Business TV on the sidelines of the World Economic Forum in Davos, Pouyanne said there were many factors weighing on oil prices, yet a key one was related to the situation in the United States.
Will Marathon Petroleum’s Q4 Earnings Beat Estimates?(Continued from Prior Part)Marathon Petroleum stock performance Marathon Petroleum (MPC) stock has been surging since December 17, 2018. In this part, we’ll compare Marathon Petroleum stock
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said. Since 2017, Russia and OPEC have cut oil production jointly for the first time in an effort to boost the price of crude. Following their supply pact, oil has traded between roughly $60 and $85 per barrel, from below $30 before the deal took effect.
DILI, East Timor (AP) — East Timor's president has vetoed the government's budget, possibly jeopardizing plans to develop the Greater Sunrise oil and gas field, seen by leading East Timorese politicians as crucial to the impoverished country's future.
The oil was found at a depth of 3,570 metres in an exploratory well and is “very light and sweet”, Zanganeh reportedly said. The United States withdrew from a nuclear deal with Iran last year and imposed sanctions to choke Iran’s oil and banking industries, while temporarily allowing eight customers to keep buying crude from the Islamic Republic.
* Palm fell from previous day's high of 2,269 rgt/T * Market also down on profit taking - trader * Palm could gain on stronger exports, slowing output - traders By Emily Chow KUALA LUMPUR, Jan 23 (Reuters) ...
(For OSP list, click) SINGAPORE, Jan 23 (Reuters) - * State oil firm Petronas on Wednesday said it had set the price factor for Malaysian Crude Oil (MCO) for February at $5.40 per barrel, down 10 cents ...
Carbon capture is nothing new, but Korean researchers have now find a way to turn this captured CO2 into electricity and hydrogen
Your Energy Review for the Week Ended January 18Economic slowdown pressure oil prices Between January 11 and January 18, US crude oil March futures rose 4.1% and closed at $54.04 despite a rise in the US dollar. However, as of around 4:14 AM EST
Canada's biggest oil-producing province, Alberta, said on Tuesday that it would provide a C$440 million ($330 million) loan guarantee for a planned C$2 billion ($1.5 billion) oil partial upgrading facility, aiming to push more crude through its full pipelines. Alberta Premier Rachel Notley said her government had signed a letter of intent for the loan guarantee to private company Value Creation Inc [VALCT.UL], which intends to make a final investment decision by year-end on building the facility, near Edmonton. Alberta announced its strategy nearly a year ago to offer up to C$1 billion in loan guarantees and grants to spur construction of such facilities.