Oil prices edge down as extended OPEC+ supply cuts highlight weak demand
Oil prices edged lower on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
Fonterra raises dividend to soften blow from lower NZ prices
Fonterra Cooperative Group, the world’s biggest dairy exporter, has paid New Zealand farmers less for their milk this year but has been able to soften the blow by increasing dividends even as earnings decline.
Oil prices fall on swelling US crude inventories
Oil prices fell on Wednesday after US data showed rising crude inventories, but losses were limited by the risk of Iranian supply disruptions caused by the Middle East conflict and Hurricane Milton in the US.
Press Metal fourth-quarter earnings likely to soften
PETALING JAYA: Press Metal Aluminium Holdings Bhd is expected to record weaker earnings in the fourth quarter of financial year 2024 ending Dec 31, 2024 due to anticipated peak alumina prices.
Higher export prices positive for MSM
PETALING JAYA: MSM Malaysia Holdings Bhd’s earnings are expected to improve, driven by higher average selling prices (ASPs) for export products, a better hedging position on the raw sugar price and potentially lower input costs, benefiting from a strengthening ringgit.
Oil prices dip after strongest weekly rise in over one year
SINGAPORE: Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region.
Leong Hup set to gain from stable poultry prices and lower feed costs
PETALING JAYA: Leong Hup International Bhd (LHIB) will benefit from stable poultry average selling prices (ASPs) as demand-supply across the countries it operates is more balanced.
Most Asian markets track Wall St loss; Hong Kong extends gains
HONG KONG: Asian markets mostly fell Monday (Feb 24) following a dour end to last week for Wall Street, where a disappointing round of data added to concerns about the world's number one economy.
EU nations push to relax gas storage target amid price increase
A group of nations is pushing the European Commission to allow more flexibility on refilling requirements for gas storage ahead of next winter, as rapidly depleting stockpiles and surging prices raise concerns about the cost of meeting the current targets.
New vehicle sales forecast to fall this year
Malaysia’s new vehicle sales, commonly known as total industry volume (TIV), are expected to soften in 2025 after hitting another record high last year, with the growth of electric vehicle (EV) sales unlikely to significantly move the needle.
Factory activity growth softens as tariffs loom
HONG KONG: China’s manufacturing activity unexpectedly declined for a second straight month in January, underlining the need for Beijing to step up economic stimulus with Donald Trump slapping tariffs on the country’s exports.
Philippines may declare food security emergency for rice on Feb 4
MANILA: The Department of Agriculture (DA) may declare a food security emergency for rice by Tuesday next week, its top official said on Friday (Jan 31).
Oil prices dip as demand concerns outweigh Middle East supply fears
TOKYO: Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in the near term outweighed supply fears on heightened tensions in the Middle East.
Strong job flows, mega infrastructure to lift construction sector
PETALING JAYA: MIDF Research remains positive on the construction sector as the softening in steel bar prices will contribute to an ease in cost pressures, while cement prices remain stable, thus providing a supportive pricing environment for contractors.
Indonesia 2023 GDP growth slows to 5.1% on falling commodity prices
JAKARTA: Indonesia's annual economic growth fell slightly but remained solid at 5.05% last year, as falling commodity prices hit exports and tight monetary policy dampened demand.
Slow going for O&G
A subdued global demand growth for oil and potential inventory buildups are likely to keep prices soft in 2025. Geopolitical and economic factors will not help either.
Saudis expected to cut oil price amid growing competition
Saudi Aramco is forecast to cut the price of its flagship oil grade to Asia for the first time since June as an influx of cheaper US and European barrels drives up competition in the world’s biggest importing region.
Berjaya Food to maintain prices for now
Berjaya Food Bhd (BFood) has no plans to hike the prices of its products for the time being, following a moderation in sales volume after a hike in prices at the end of 2022.
Aggressive price war in China to affect Sime Darby’s car sales
Analysts are mostly upbeat about Sime Darby Bhd’s prospects for the financial year 2024 (FY24).
