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Business

Malaysian palm oil price rises on bullish market outlook

KUALA LUMPUR: Malaysian palm oil futures inched higher on Tuesday, with traders expecting more upbeat outlooks from participants at an industry conference this week.

Business

Malaysian palm oil/Vegoils: Market factors to watch Monday March 4

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday March 4.

Business

Oil price firms as US-China trade deal appears close

SYDNEY: Oil prices firmed on Monday as the United States and China were reported to be close to signing a trade deal, ending a tit-for-tat tariff row that has roiled financial markets and clouded the outlook for the global economy

Business

Oil prices firm on hopes for US, China trade deal

SYDNEY: Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth.

Business

Vitol: Oil to rally on Opec cuts and shortage

LONDON: The world’s largest energy trader says oil prices are set to rally further as Opec output cuts and American sanctions on Iran and Venezuela cause a “shortage” of the low-quality heavy crudes refiners rely on.

Business

Oil near 2019 highs amid Opec supply cuts; rising US output weighs(Update)

SINGAPORE: Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S. production and expectations of an economic slowdown.

Business

Petronas-Repsol JV makes largest gas find in Indonesia in 18 years

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and its joint venture partners Repsol and MOECO have made the largest gas find in Indonesia in 18 years in the Sakakemang block in South Sumatara.

Business

Malaysian palm oil price reverses gains to fall 1% from over 1-week peak

KUALA LUMPUR: Malaysian palm oil futures reversed earlier gains to fall over 1 percent in evening trade on Tuesday, as output declines remained slower than in previous years and stocks in key buying markets stayed high.

Business

Malaysian palm oil market factors to watch Tuesday Feb 19

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Feb 19.

Business

Glencore to take 200,000 T of aluminum from ISTIM Port Klang warehouses

LONDON: Mining giant Glencore has bought 200,000 tons of aluminum on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said.