oil exports


At Jordan border, Damascus seeks to revive regional trade

BEIRUT: By reopening a key land crossing with Jordan this month, the Syrian regime is inching towards a return to trade with the wider region as it looks to boost its war-ravaged economy. The government of President Bashar al-Assad took back control of the Nassib border post in July from rebels as part of a […]

US’s Mnuchin says it will be harder for Iran oil importers to get waivers

JERUSALEM, Oct 21 — US Treasury Secretary Steven Mnuchin said today it will be harder for countries to get waivers on Iran oil sanctions than during the Obama administration and dismissed concerns that oil prices could rise, saying the market had…

Crude Palm Oil Weekly Report – October 20th, 2018

The Malaysia palm oil futures (FCPO) failed to erase losses on Friday, in line for a second day losses, weighed down by weaker related oils in China’s Dalian Commodity Exchange and Chicago Board of Trade. On Friday, FCPO fell 1.35 per cent to 2,222 as compared with last Friday’s closing price at 2,252, a totaled […]

Why Trump is going soft on Saudi Arabia: oil and Iran


President Trump is slow-rolling any type of punishment against Saudi Arabia for the apparent murder of journalist Jamal Khashoggi. Here’s one likely reason: his options aren’t good, and some choices could actually backfire on Trump in the final days before the U.S. midterm elections. Khashoggi, a Saudi citizen and Washington Post columnist who lived near Washington, D.C., entered the Saudi Arabian consulate in Istanbul, Turkey, on Oct. 2 and never came out. Turkish officials say Saudi operatives tortured, drugged, murdered and dismembered Khashoggi, who’s been a public critic of Saudi Arabia’s leadership, includingRead More

Resilience expected for the rest of AirAsia’s year

KUCHING: Analysts expect AirAsia Group Bhd (AirAsia) to remain resilient for the first half of its financial year 2018 (1HFY18) in spite of its net profit coming in lower by 10.5 per cent year on year (y-o-y) due to impact of fuel price increase. DF Amanah Investment Bank Bhd (MIDF Research) saw that in addition, […]

Wall Street slightly lower as tech stocks, oil weigh

NEW YORK, Oct 8 — US stock indexes were lower today, pressured by a drop in technology and energy companies and muted appetite for equities after last week’s spike in Treasury yields following healthy economic data. Six of the 11 major S&P…

European shares slide on ‘powerful cocktail’ of China slump, Treasuries and Italy

LONDON, Oct 8 — European markets fell heavily today as investor confidence took a knock from last week’s spike in Treasury yields and from a Chinese market slump brought on by concerns that an escalating trade war with the United States could…

Weak oil stocks drag FTSE 100 down, sterling support fades

LONDON, Oct 8 — Oil majors dragged Britain’s top share index down today as political risk gripped Europe and caution set in again on Brexit, weighing on sterling. The FTSE 100 was down 0.4 per cent by 0828 GMT as stocks across Europe fell 0.7…

China slump weigh on regional markets despite central bank support

SHANGHAI, Oct 8 — Shares in Asia slumped today as China's markets stumbled in their first trading day after a one-week holiday even though Beijing's central bank increased liquidity to offset the impact of an escalating trade dispute with the…

Malaysian experts to sit in EU panel on ILUC — Kok

KUALA LUMPUR: Malaysia has agreed to nominate experts to sit in the European Commission’s Expert Panel on Indirect Land Use Change (ILUC) that could impact the future use of palm oil as part of the biofuel mix within the European Renewable Energy Directive (RED) II. Minister of Primary Industries Teresa Kok said the initiative by […]