Fashion
Oil settles down as ease of supply risks drives weekly loss
OIL prices edged lower on Friday (Nov 29) and posted a weekly decline of more than 3 per cent, pressured by easing concern over supply…
Tag
Oil
Fashion
Oil falls US$2 on possible Middle East peace deal
OIL prices fell more US$2 on Monday (Nov 25) after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the…
Lifestyle
Biofuel demand, limited supply provide support for used cooking oil prices despite regulatory uncertainties
GLOBAL demand for used cooking oil (UCO), a feedstock for biofuels such as sustainable aviation fuel (SAF), is expected to continue to…
Lifestyle
Used cooking oil the new black gold as it rides biofuel demand, limited supply
Europe is the largest consumer of the feedstock globally, but regulatory uncertainty in US, Europe still a hurdle GLOBAL demand for used…
News
Oil prices settle up 1% at 2-week high as Ukraine war intensifies
OIL prices climbed about 1 per cent on Friday (Nov 22), settling at a two-week high, as the intensifying war in Ukraine this week boosted…
News
Soybean, used cooking oil markets brace for more uncertainty as Trump tariffs loom
Prices may suffer, should Beijing – the world’s largest consumer and importer of soybeans – impose retaliatory taxes UNCERTAINTY reigns…
News
Editorial: Let's not let political chaos distract us from the unfolding climate catastrophe
With so much chaos in the world, from the United States’ slide toward authoritarianism to the wars in Gaza, Lebanon and Ukraine, you could…
News
Oil settles down on strong US supply, losses capped by Ukraine escalation
OIL prices settled lower on Wednesday (Oct 20) after US crude and petrol stocks rose by more than expected last week, but losses were…
News
Chris Wright: Trump Picks Oil Boss and Fracking Advocate to Head Department of Energy
President-elect Donald Trump said on Saturday that he has chosen longtime fracking advocate Chris Wright to head the Department of Energy…
Business
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed oversupply concerns…
Lifestyle
Bursa Malaysia aims to launch used cooking oil futures in Dec
BURSA Malaysia Derivatives Exchange (BMD) is planning to launch its new used cooking oil futures contract as early as December, the…
News
Would Donald Trump's Iran crackdown benefit Russia? Experts weigh in
Even before Donald Trump named Elise Stefanik the new U.S. ambassador to the United Nations, the New York representative had touted how…
News
Opec again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday (Nov 12), highlighting…
Business
Nestle, P&G investigate palm oil sourcing after green group’s Indonesia deforestation report
CONSUMER brands including Nestle and Procter & Gamble (P&G) said they conducted investigations after an environmental group said palm oil…
News
'Dying of thirst' as climate-driven floods mix with oil
Herders scooping murky water from a small pond in grasslands in South Sudan are well aware of the dangers they face if they drink it. "The…
News
Oil settles down 2% on receding hurricane risk, lacklustre China stimulus
OIL prices settled more than 2 per cent lower on Friday (Nov 8) as traders grew less fearful of prolonged supply disruptions from a…
News
Indonesia confident palm oil production can be increased to meet biofuel demand
INDONESIA’S chief economic minister said on Thursday (Nov 7) that he is confident palm oil production can be increased in coming years to…
Fashion
Aramco cuts oil prices to Asia for December after Opec+ delay
SAUDI Arabia lowered oil prices for buyers in Asia for December after members of the Opec+, which includes the Organization of the…
Culture
Oil rises as Opec+ delays output hike and Iran steps up rhetoric
OIL advanced after Opec+ agreed to push back its December production increase by one-month and tensions again escalated in the Middle…
Fashion
Oil prices jump over 1% on delayed Opec+ output hike
OIL prices rose by more than US$1 in early trading on Monday (Nov 4) after Opec+ said on Sunday it would delay a planned December output…
Business
How one of the tiniest oil markets cost Singapore-based Trafigura over US$1 billion
Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France three times…
Fashion
Oil prices settle up slightly on Iran worries, but prices down for week
OIL prices edged up on Friday (Nov 1) on reports Iran was preparing a retaliatory strike on Israel from Iraq in the coming days, but…
Business
TotalEnergies’ profit drops more than expected as oil prices fall
TOTALENERGIES reported a bigger-than-expected drop in profit for the third quarter as refining margins and oil prices fell. Following a…