oil exports

 
 

Oil jumps 3pc on Saudi price target, US stockpiles

NEW YORK, April 19 — Oil futures jumped nearly 3 per cent yesterday on a decline in U.S. crude inventories and after sources signalled top exporter Saudi Arabia wants to see the crude price closer to US$100 (RM389) a barrel. Opec’s new price…


SE Asia stocks: Malaysia set for eighth winning session in nine; hits over three-year high

SINGAPORE, April 17 — Philippine shares slumped today to their lowest in nearly 10 months, while most other South-east Asian stock markets trod water as investors assessed a mixed bag of economic data out of China. China’s economy grew 6.8…


Canada’s Trudeau squeezed in pipeline crisis

MONTREAL, April 15 — Canadian Prime Minister Justin Trudeau is caught in a political crisis over the expansion of an oil pipeline that has shaken investor confidence in the country’s crucial energy sector. The dispute pits the country’s…


Ringgit to move in range of 3.8602 – 3.8574 against USD today, says AmBank Research

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KUALA LUMPUR (April 9): AmBank Group Research expects the ringgit (MYR) to trade between its support level of S1: 3.8602 and S2: 3.8574 while the resistance level is capped at R1: 3.8732 and R2: 3.8789. In his AmBankFXDaily note today, Ambank group chief economist and head of research Dr Anthony Dass said the MYR softened 0.1% to 3.8716 against the US Dollar. He said crude oil namely WTI and Brent dropped 2.3% to US$62.06/barrel and 1.8% to US$67.11/barrel respectively, as trade concerns overshadowed data released last week depicting a tighteningRead More


Crude Palm Oil Weekly Report – April 7, 2018

Malaysian palm oil futures achieved a fresh one-month high due to declining stockpiles end-March and strengthening related edible oils as well as firm demand. The new tariff retaliation from China against US also boosted the market. The benchmark crude palm oil futures (FCPO) contract rose 3.12 per cent to RM2,503 on Friday, which was RM78 […]


Export tax freeze to support Malaysian palm oil industry

Malaysia has introduced temporary measures aimed at boosting palm oil exports and reducing stockpiles amid a slump in commodity prices. On January 8, the government suspended export taxes on crude palm oil (CPO) for three months, a move that Datuk Seri Mah Siew Keong, Minister of Plantation Industries and Commodities, described as a short-term, pre-emptive […]


Crude palm oil export scheme strengthens market price

KUALA LUMPUR: The Crude Palm Oil (CPO) Export Scheme, which entailed the suspension of export tax on the product, has reduced the palm oil stockpile and strengthened the prices, said Plantation Industries and Commodities Deputy Minister, Datuk Datu Nasrun Datu Mansur. He said as of Jan 31, 2018, the total palm oil stockpile fell by […]


Oil briefly hits US$71, with US supply, Middle East in focus

LONDON, March 27 — Oil hit US$71 (RM275) a barrel before retreating today, supported by concern about possible disruption to Middle East supply but capped by fast rising global output and a dollar recovery. Brent crude futures were up 18 cents…


Crude palm oil export scheme strengthens market price, says deputy minister

KUALA LUMPUR, March 27 — The Crude Palm Oil (CPO) Export Scheme, which entailed the suspension of export tax on the product, has reduced the palm oil stockpile and strengthened the prices, said Plantation Industries and Commodities Deputy…


Frictions in the global trade market

The global trade market is rife with noise ranging from the possibility of a global trade war, trade disputes between major economies and regions, trade curbs to cap oversupply, and more. While anti-trade or anti-globalisation moves are nothing new in the global trade market, for the last few years, more countries are implementing more policies […]