ePaperEventsR.AGEmStarMajoritiStarPropertyStarCherishStarCarsifuStarSearchmyStarjobKualiKuntumSuriaFM988FM
Oil prices rose on Wednesday, buoyed by government data showing US crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the US threat of tariffs on nations buying Venezuelan crude.
HOUSTON, March 26 (Xinhua) -- U.S. crude oil production averaged 13.574 million barrels per day (b/d) during the week ending March 21, up by 1,000 b/d from the previous week, the U.S. Energy Information Administration (EIA) said Wednesday.
JOHOR BARU: Authorities are investigating an oil spill at a factory in Kota Tinggi believed to have been caused by malfunctioning equipment, said the the Johor Environment Department (DOE).
Crude palm oil (CPO) prices will likely be traded higher in 2025 given anticipation of declining exports by world's largest producer, Indonesia amid its government decision to roll out the B40 biodiesel mandate.
A United States plan to slap tariffs on countries buying sanctioned Venezuelan oil marks an unprecedented, and potentially potent, mixture of punitive economic measures against a geopolitical foe that Washington could replicate against other countries like Russia and Iran, analysts say.
HOUSTON, March 25 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a decrease of 4.600 million barrels of crude oil in U.S. inventories for the week ending March 21.
PETALING JAYA: The outlook for the crude oil market for this year is plagued with uncertaintiy arising from US President Donald Trump's trade policies and escalation of geopolitical risks.
NEW YORK, March 25 (Xinhua) -- Oil prices settled mixed on Tuesday.
What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ongoing weakness in imports?
KUALA LUMPUR: Malaysia has maintained its April export tax for crude palm oil at 10% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
HOUSTON, March 18 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported an increase of 4.593 million barrels of crude oil in U.S. inventories for the week ending March 14.
