|Day's range||63.85 - 64.35|
* Palm charts third straight day of losses * High stocks, slow demand weigh on market sentiment - trader * EU backs plan to ban palm oil from biofuels (Updates with closing prices, quote) By Emily Chow ...
BAGHDAD (AP) — Iraq and British energy giant BP have signed a memorandum of understanding to develop lucrative oil fields in the country's north.
China's coal miners and thermal power plants ramped up output to their highest in years in December, data showed on Thursday, in a rush to feed unexpectedly strong demand from millions of homes as natural gas shortages triggered a winter heating crisis. The jump came as millions of homes across northern China used more electricity and gas to heat their homes after being forced to switch from coal. It also reflects a ramp-up in coal-fired power use due to the gas shortages caused by the ambitious plan, undermining the government's long-term plan to boost clean energy use and wean the nation off its most-used fuel.
Jan 18 (Reuters) - Longi Green Energy Technology Co Ltd : * SAYS MAJOR SHAREHOLDER SHAANXI COAL PLANS TO ADD HOLDINGS IN THE COMPANY BY UP TO 4.99 PERCENT WITHIN 12 MTHS Source text in Chinese: http://bit.ly/2mK1m3l ...
An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell's biggest refinery is shining a spotlight on an illegal trade worth tens of billions of dollars worldwide. Working routes in a triangle of sea anchored by Thailand, Vietnam and Singapore and encompassing the oil facilities of Malaysia, the smugglers take advantage of a difficult-to-patrol sea and enticing black market prices, experts say. The suspects in the latest case are accused of stealing oil from Royal Dutch Shell's Pulau Bukom refinery, often during business hours, and distributing it around the region.
Investing.com - Oil prices gained in Asia on Thursday as the world's top oil importer gets set to detail fourth quarter growth figures and the market stays upbeat on a larger that expected draw in US crude stocks under industry estimates.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures slumped to a three-week low on Wednesday evening as a ...
Jan 18 (Reuters) - Shenwu Environmental Technology Co Ltd : * SAYS IT SIGNS MOU WITH TIAN POH'S UNIT POH GOLDEN GER RESOURCES ON COAL GASIFICATION PROJECTS Source text in Chinese: http://bit.ly/2FNv9Ru ...
Investing.com - US crude oil inventories fell 5.121 million barrels last week, the American Petroleum Institute said Wednesday, a greater drop than expected.
Oil majors are divided on whether Iraq is a profitable destination for producing crude, with Shell leaving the country while Chevron looks to return
The American Petroleum Institute reported Wednesday that U.S. crude supplies dropped by 5.1 million barrels for the week ended Jan. 12, according to sources. However, the API data, which was released a ...
Investing.com – Crude oil prices settle higher as positive commentary concerning the OPEC-led pact strengthen investor expectations that the oil cartel would continue with output cuts.
Schlumberger, the world’s largest oilfield services company, is set to begin the earnings season for the industry by releasing its December quarter and full year 2017 financial performance on January 19.
Congo Republic plans to join the OPEC oil cartel, the government said, as the former French colony presses ahead with projects that could help it become the third-largest oil producer in sub-Saharan Africa. "The Republic of Congo has decided to accede to the Organization of the Petroleum Exporting Countries (OPEC)," the statement dated Jan. 11 but sent out to journalists on Wednesday. Congo's oil sector was badly hurt by the global dip in prices and a slowdown in its own output since 2014, but it has been rejuvenated by new projects scheduled to boost output by a quarter to 350,000 barrels per day (bpd) this year.
Investing.com - Natural gas futures bounced back on Wednesday, re-approaching their highest level in around two months as investors speculated this week’s supply report will show another hefty drop as cold weather boosts demand.
The Niger Delta Avengers threatened on Wednesday to unleash the deadliest round of attacks on Nigeria’s oil sector ‘’in a few days time’’
Investing.com - Crude oil prices remained under pressure on Wednesday, although they were still hovering within close distance of recent multi-year highs, as investors remained cautious ahead of the weekly U.S. supply report due on Thursday.
Investing.com – Industrial production in the U.S. rose much more than expected in December, bolstering optimism over the health of the economy, although manufacturing output was weaker than forecast, official data showed on Wednesday.