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Oil price slumps 6% as equities slide feeds demand worry

NEW YORK: Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth.


Pertamina seeks oil using currencies other than US$

SINGAPORE: Indonesia's state oil company Pertamina [PERTM.UL] is seeking to buy crude oil for delivery in the first quarter of 2019 using currencies other than the U.S. dollar, a tender document reviewed by Reuters showed on Tuesday.


Malaysian palm oil price edges lower on upbeat Oct production outlook

KUALA LUMPUR: Malaysian palm oil futures hit their highest in three days on Tuesday before falling in the evening on declines in global markets and expectations of rising October production.


Oil prices edge up on surprise drawdown in US crude stockpiles (Update)

TOKYO: Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries.


Malaysian palm oil price falls from one-week high on weaker exports

KUALA LUMPUR: Malaysian palm oil futures fell from a one-week high to close lower on Monday, as export data showing weaker shipments.


Oil prices edge up amid uncertainty over fallout from Iran sanctions (Update)

BEIJING: Oil prices inched up on Friday, with investors trying to gauge the potential impact on supply from looming U.S. sanctions on Iran's crude exports.


Oil and gas still subject to volatility, players ‘tread cautiously’

PETALING JAYA: Despite the air of optimism sweeping over the oil and gas (O&G) industry amid rising oil prices, national energy company Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin believes that all players should still “tread cautiously”.


Profit taking in palm oil market next week?

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see profit taking next week as oversupply concerns loom in line with the seasonal trend, said a dealer.


Malaysian palm oil/Vegoils: Market factors to watch Monday Aug 27

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Aug 27.


Oil price steadies but outlook for demand grows gloomy

NEW YORK: Oil rose slightly as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check.