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JAKARTA: Indonesia’s palm oil exports increased in July on higher shipments to China and the Middle East, according to the Indonesian Palm Oil Association.
RIYADH: Saudi Arabia may have little choice but to reduce the price of its oil as Opec and allied producers start to ease output curbs amid weakening demand that’s crashed the value of physical supplies.
SINGAPORE: Malaysian palm oil futures hit their highest level in more than two months on Friday, riding on gains in crude oil prices as well as lower stocks in top importers India and China.
KUALA LUMPUR/SINGAPORE (Reuters) - Malaysia has directed palm plantations to continue operations even as the country shuts businesses to prevent the spread of the coronavirus, a producer group said on Wednesday, ensuring steady supplies of the tropical oil to global markets.
BENGALURU: Most Asian currencies slid against the dollar on Tuesday, with the South Korean won leading the declines, as the rising death toll from the fast-spreading coronavirus battered appetite for risk.
PETALING JAYA: Halal Industry Development Corporation (HDC) remained optimistic of hitting RM50 billion export target by 2020, despite recording a lower halal export of RM40 billion last year, says vice president Hanisofian Alias.
NOW that the fog around the Iran sanction waivers has lifted, focus will return to supply-demand balances and the OPEC and non-OPEC meeting in Vienna next month.
REVIEW: The change of landscape – economic in Malaysia and political in the US – has kept investors on their toes in recent days, with guesses and rumours over how the upheaval will play out before the dirt settles.
WASHINGTON (Reuters) - The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.
SINGAPORE: Oil prices fell on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.