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Oil prices eased on Monday and headed for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
The Oil2Cash (O2C) Revolution, an innovative sustainability initiative, is transforming waste management by turning used cooking oil into an economic opportunity for B40 communities while fostering environmental responsibility.
Oil prices fell on Friday evening (March 29) on worries that US tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on OPEC members Venezuela and Iran.
Oil prices eased a touch but held near one-month highs on Friday as they headed for a third weekly gain on a tightening global supply outlook after the US imposed tariffs against countries buying oil from Venezuela and placed curbs on Iranian oil trade.
JAKARTA: Indonesia is betting on tiny bugs from Africa to help boost its palm oil production, as the broader sector grapples with tightening supply that threatens to keep prices elevated and add to food inflation.
Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new US tariffs and their expected effect on the world's economy.
Oil prices fell on Friday on worries that US tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on Opec members Venezuela and Iran.
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.
OIL prices edged higher on Wednesday on supply concerns with the U.S. stepping up efforts to limit Venezuelan and Iranian oil exports, while a bigger-than-expected drop in U.S. crude inventories also lent support.
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.
Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened US tariffs on countries buying Venezuelan production.
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.
HOUSTON, March 26 (Xinhua) -- U.S. crude oil imports increased but exports decreased during the week ending March 21, the U.S. Energy Information Administration (EIA) said Wednesday.
PETALING JAYA: Borneo Oil Bhd, via its indirect subsidiary, Borneo Oil (Sabah) Sdn Bhd (BOS) has obtained a licence from Petroliam Nasional Bhd (PETRONAS) as a Sabahan vendor.
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).
HOUSTON: Oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries that buy oil and gas from Venezuela.
KUALA LUMPUR: CIMB Bank Bhd has signed a memorandum of understanding (MoU) with Wild Asia Sdn Bhd to drive the transition toward more sustainable practices in the palm oil sector.
PETALING JAYA: Borneo Oil Bhd, via its indirect subsidiary, Borneo Oil (Sabah) Sdn Bhd (BOS) has obtained the license from Petroliam Nasional Bhd (PETRONAS) as a Sabahan vendor.
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.
President Donald Trump threatens a 25% tariff on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute with the Latin American country over immigration with a move that risks roiling the global energy trade.
