[ SINGAPORE: Oil prices jumped 1.5% in the first session of the New Year, due to potential supply disruptions in the Middle East after a naval clash in the Red Sea, and hopes of strong holiday demand and an economic stimulus in China, the top crude importer. Brent crude rose $1.20, or 1.5%, to $78.24 … Read more
[ HANOI: The forestry industry has set an export target of US$17.5bil to contribute 23 million cubic m of wood from planted forests in 2024. This aim was revealed by Trieu Van Luc, deputy director of the forestry department under the Agriculture and Rural Development Ministry, at the conference about the sector’s performance last year … Read more
[ NEW YORK: Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the year, settled at US$77.04 a barrel, down 11 cents or 0.14%. US … Read more
[Recent weaknesses in oil prices have not gone unnoticed by the market as concerns are now focused on oversupply amid the higher interest rate environment across the globe. Read full story Read original article here Denial of responsibility! Genx Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to … Read more
[ KUALA LUMPUR: Petronas Dagangan Bhd has announced that a diesel supply shortage is affecting some of its stations nationwide. In a statement, it said the supply issue is expected to continue until Dec 31. “PETRONAS Dagangan Bhd would like to inform that several Petronas stations nationwide are currently facing a diesel stock out and … Read more
[ KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to see profit-taking next week, with prices expected to move between RM3,400 and RM3,500 per tonne. Interband group of companies senior palm oil trader Jim Teh said the market is also expected to be quieter in the coming week … Read more
[ NEW YORK: Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving Opec, but rose for the week on positive US economic news and worries Houthi ship attacks would boost supply costs. Brent futures fell 32 cents, or 0.4%, to settle at US$79.07 a … Read more
[ PETALING JAYA: The crude palm oil (CPO) price could fall by nearly a quarter in 2024 due to higher supply. In a report, Fitch Ratings forecast Malaysia’s benchmark CPO spot prices to average US$650 (RM3,024) per tonne in 2024, substantially lower than around US$840 (RM3,908) per tonne in 2023. Read original article here Denial … Read more
[ SYDNEY: Asian shares tracked Wall Street higher on Wednesday as U.S. rate cut fever lingered, while oil held on to gains from the past two days after Houthi militants’ attacks on ships in the Red Sea disrupted maritime trade. The yen nursed losses near a one-week trough and Japanese yields extended declines after the … Read more
[ KUALA LUMPUR: The domestic market picked up on the positive global sentiment for equities following the US Federal Reserve’s signal that it would begin rate cuts next year. The benchmark FBM KLCI rallied 5.78 points to 1,453.82 as investor bets on a more dovish US were rewarded following the end of its latest Federal … Read more
