oil exports

 
 

Dr M's visit to China could ramp up palm oil exports

KUALA LUMPUR, July 16 — Prime Minister Tun Dr Mahathir Mohamad's visit to China in August could be a timely opportunity to ramp up palm oil exports to the world's second largest economy. The prospect of higher palm oil exports looks bright as…


IEA: World oil supply risks being ‘stretched to limit’

PARIS, July 12 — Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said today. The IEA welcomed in its July report last month’s…


Bursa pushes ahead as cheap valuations buoy regional markets

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KUALA LUMPUR: Bursa Malaysia continued its ascent in Thursday morning trade with a rally in Maybank shares leading the way even as regional markets staged a rebound. While sentiment over the US-China trade dispute remained negative, low valuations from the recent declines have led to bargain-hunting by investors, helping to firm up markets ahead of what may be more tariff announcements. At 12.30pm, the FBM KLCI was up 7.41 points to 1,696.18. Trading volume was 1.24 billion shares with a value of RM815.7mil. There were 365 advancers versus 291 declinersRead More


Trump’s Opec tweets have Putin preparing for oil talks

MOSCOW, July 12 — When Russian President Vladimir Putin meets Donald Trump next week, he’ll armed to discuss oil production following the US leader’s series of tweets targeting Opec, according to people familiar with preparations for the…


Oil, beans and steel: How trade wars will redraw global commerce

LONDON, July 7 — The US and China fired their biggest shots yet in the escalating global trade wars, slapping tariffs on everything from soybeans to pork to nuclear reactors. The new barriers, combined with tougher US sanctions on Iran and…


Oil slips below US$77, weighed down by Saudi output boost, trade tensions

LONDON, July 6 — Oil slipped below US$77 a barrel today, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions. Top exporter Saudi Arabia told Opec it raised…


Oil near US$74 amid Trump tweets, forecast drop in US stockpile

LONDON, July 5 — Oil held near US$74 (RM299) a barrel amid estimates that US crude inventories declined for a fourth week, compounding concerns that global markets are growing increasingly tight. Futures in New York were 0.3 per cent higher…


Trump to Opec: ‘Reduce pricing now!’

WASHINGTON, July 5 — US President Donald Trump again accused the Organisation of the Petroleum Exporting Countries of driving gasoline prices higher yesterday and urged the oil producer group to do more. “The Opec Monopoly must remember that gas…


Iran’s Guards praise Rouhani’s threat to disrupt regional oil exports

LONDON, July 4 — A senior Iranian Revolutionary Guards commander said today that the Guards were ready to implement a policy preventing regional oil exports if Iranian oil sales were banned by the United States. President Hassan Rouhani appeared…


Rising US edible oil imports could benefit Malaysian palm oil

NEW YORK, July 4 — Malaysia’s palm oil exports stand to benefit from rising imports of edible oils by the United States (US), including palm oil, thanks to the country’s continued economic growth trajectory in the current year. This trend was…