News list for " Oil"
Brazilian Vice President Alckmin: President Lula has approved a series of measures to address food prices, exempting coffee, corn, sugar, sunflower oil and olive oil from import duties.
Reuters poll: OPEC's oil production rose 170,000 barrels per day in February from January to 26.74 million barrels per day, mainly driven by Iran.
Malaysian Palm Oil Board (MPOB): Malaysia's palm oil stocks are expected to fall to 1.50 million tonnes by the end of February, the lowest level in nearly two years.
Iran set the price of Iranian light crude oil sold to Asia in March at $4.35 per barrel above the average price in Oman/Dubai.
US oil achieved a five-day weekly decline last week, but the slowdown in the decline suggests that the long and short forces are constantly pulling. Investment banks said that if such an accident occurs, the potential large downside of crude oil may be exposed.
Iraq will export 185,000 barrels of oil per day from fields in the Kurdish region through the Iraq-Turkey pipeline and gradually increase it to 400,000 barrels per day once oil delivery resumes, Deputy Oil Minister Basm Mohammed said on Sunday. Basm revealed no specific timetable but expected Turkey to respond within 24 hours. Basm said the Kurdistan region's oilfields have a capacity of 300,000 barrels per day, some of which will be used domestically, and the remaining 185,000 barrels per day w...
The total number of oil rigs in the United States in the week to February 21 was 488, compared with 481 previously.
The two oil prices fell by $0.5 in the short term and are now reported at $71.5/barrel and $75.85/barrel, respectively.
On February 21, according to foreign media reports, Farid Amir, an official at the Indonesian trade ministry, said on Friday that the Indonesian government has not discussed restricting palm oil exports before Ramadan. Due to concerns about production, including market speculation that Indonesia may impose export restrictions before Ramadan, Malaysian palm oil futures are expected to post a fifth consecutive week of gains. Farid Amir said, "Such bans have not been discussed. I understand that th...
The technical aspects of the daily external futures varieties are summarized, among which four varieties, including Brent crude oil, have the opportunity to go long.
The US EIA strategic petroleum reserve stocks 0 barrels in the week to February 14, and the previous value was 249,000 barrels.
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