oil market

Oil market faces bigger surplus even as China reopens

by GRANT SMITH  GLOBAL oil markets face a bigger surplus this quarter than previously expected, with demand still constrained despite…

2 years ago

Kenanga Investment Bank cuts average CPO price forecast to RM3,800 for 2023

KENANGA Investment Bank Bhd (Kenanga) has cut the average crude palm oil (CPO) price assumption in 2023 by 5 per…

2 years ago

The lithium market is hotter than ever and traders are moving in

WHEN the oil market liberalised in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich…

2 years ago

Oil fluctuates after choppy week as slowdown concerns linger

Oil fluctuated on Friday after a volatile week as concerns over a global economic slowdown continue to hang over the…

2 years ago

Here’s what Goldman to UBS say about oil after big OPEC+ cut

The OPEC+ alliance agreed to its biggest production cut since the start of the pandemic in Vienna on Wednesday, a…

2 years ago

Sarawak Oil Palms’ 1Q profit soars to RM195m

by ANIS HAZIM / graphic by TMR SARAWAK Oil Palms Bhd posted 147% in net profit to RM194.99 million for the…

3 years ago

Oil Sinks Below $100 as China’s Lockdowns Imperil Demand Outlook

By BLOOMBERG Oil pushed lower at the start of the week on concerns that a spreading Covid-19 outbreak in China…

3 years ago

Palm oil to get support from conflict-induced supply disruptions

The benchmark FCPO contract hit a historic high of RM6,465 a tonne last week  by S BIRRUNTHA / Pic by TMR…

3 years ago

Plantation to get support from high CPO price

Analysts believe plantation sector counters could see an extended price rally supported by strong quarterly earnings  by S BIRRUNTHA / pic…

3 years ago

OPEC+ is being too optimistic about supply targets

AS A new month comes into sight, so too does another meeting of the OPEC+ group of oil producers, who…

3 years ago

2022 is when oil supply panic replaces demand fears

by BLOOMBERG LONDON • If oil producers were hoping for a quiet 2022, they may be disappointed. There are two…

3 years ago

Omicron Variant Poses a Demand Puzzle for Oil Forecasters

By BLOOMBERG Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant…

3 years ago

Biden Orders Release of U.S. Oil Reserves in Challenge to OPEC+

By BLOOMBERG The U.S. will release 50 million barrels of crude from its strategic reserves in concert with China, Japan,…

3 years ago