|Day's Range||55.59 - 56.33|
Environmentalists urged EU policy makers on Tuesday to take a tougher stance on air pollution from coal power plants in the Western Balkans, blaming the fumes for 3,900 deaths across Europe each year. The 16 Communist-era plants with 8 gigawatts (GW) capacity emitted the same amount of sulphur dioxide in 2016 as 250 coal-fired plants with 30 times more capacity in the rest of the European Union, five environmentalist groups said in a report. The countries are members of the Energy Community, which had a commitment to implement EU rules to curb pollution by 2018.
* Palm rises up to 1.1 pct to its highest since Feb 8 * Mkt also expects supportive cargo surveyor export data - trader * Palm oil still targets 2,316 ringgit/tonne - techs By Emily Chow KUALA LUMPUR, ...
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Futures in New York on Monday rose to the highest intraday level since Nov. 20, after advancing 5.4 percent last week. Prices were also supported as Saudi Arabia pledges to cut its crude output beyond the level agreed with OPEC+ producers. "OPEC+ supply cuts are in the driving seat of further recovery in oil prices with Saudi Arabia leading by example," said Giovanni Staunovo, a commodity analyst at UBS Group AG in Zurich.
Oil prices are nearing a three-month high as physical crude markets appear to be growing tighter and traders are more confident about a U.S.-China trade deal
Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China's customs have at least doubled to 40 days or more, four traders at major buyers told Reuters on Monday. The traders said only cargoes from Australia, the biggest supplier of the fuel to the world's top consumer, were affected. "We have stopped ordering coal from Australia because it is unknown how long the restriction will last," said a manager at a Shanghai-based trading company who usually buys around 400,000 tonnes of Australian coal every month.
Feb 18 (Reuters) - Sarawak Oil Palms Bhd: * JAN PRODUCTION OF FFB 98,239 MT, CRUDE PALM OIL 30,789 MT, PALM KERNEL 6,610 MT Source text: tinyurl.com/y5l44psa Further company coverage:
(For OSP list, click) SINGAPORE, Feb 18 (Reuters) - * State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for March at $5.40 per barrel, unchanged from the previous month, the ...
Malaysian palm oil prices are set to hold steady in 2019 at an average of 2,303 ringgit ($565) a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes. "Global palm oil production is projected to be 72 million tonnes, with Malaysia and Indonesia as leading producers," the MPOC said in an online conference presentation on Monday.
Oil companies that have focused on boosting production or increasing reserves have not fared as well as companies that focused solely on shareholder returns according to a new study
(Bloomberg Opinion) -- I know a little bit about standing on one leg; my daughter has encouraged me to learn to water ski. It’s not easy at my age, in England, in winter. OK, I’m actually on two legs, but they are on one ski. I tend to wobble a lot and to fall over much more than I would like. It sort of reminds me of the current state of the OPEC+ oil deal that was updated in December. That is also standing on a single leg and starting to look a bit shaky.
A Canadian National Railway Co train derailed early on Saturday in Western Canada, leaking an undetermined volume of crude oil, the company said. The leak has been contained and has not entered the nearby Assiniboine River, CN spokesman Jonathan Abecassis said in a statement. The derailment comes as crude oil shipments by rail in Canada reached a record high late last year, after oil production expanded in the western province of Alberta and plugged up pipelines.
It’s been a great week for oil bulls as fears relating to the U.S.-China trade war have diminished while supply outages and reductions have made headlines
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week, as oil prices cemented gains on Friday afternoon
Citgo Petroleum's unit in Aruba plans to dismiss workers following sanctions imposed last month by the United States on Venezuela's state-run PDVSA, the parent company of the U.S. refining firm, the island's prime minister said on Friday. Evelyn Wever-Croes also said in a statement that the Caribbean nation is not involved in military action related to Venezuela amid U.S. efforts to move humanitarian aid from the nation's borders.
Energy Portfolio Gains on Oil's Rise(Continued from Prior Part)US equity indexesOn February 7–14, US equity indexes had the following correlations with US crude oil March futures:the Dow Jones Industrial Average (DIA): 59.7%the S&P 500
Analysts say oil prices are approaching breakout levels, and the final day of trading this week may tell whether crude can keep rallying.
NEW YORK (Reuters) - * The Toronto Stock Exchange's S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24. * Leading the index were Toromont Industries Ltd, up 10.0 percent, Sierra Wireless Inc, up 9.7 percent, and Lundin Mining Corp, higher by 7.3 percent. * Lagging shares were MTY Food Group Inc, down 12.5 percent, Cineplex Inc, down 7.4 percent, and New Gold Inc, lower by 6.7 percent. * On the TSX 157 issues rose and 73 fell as a 2.2-to-1 ratio favored advancers. There were 10 new highs and 2 new lows, with total volume of 254.7 million shares. ...
Energy Portfolio Gains on Oil's RiseHighest level in 2019On February 14, US crude oil March futures rose 0.9% and settled at $54.41 per barrel. At 5:05 AM EST on February 15, US crude oil futures rose by 13 cents—less than a dollar from the
* Market charts a second weekly fall * Feb 1-15 exports up as much as 12.9 pct - cargo surveyor * Palm oil may retest support at 2,249 rgt/tonne - techs (Updates with closing prices) By Emily Chow KUALA ...
Theresa May’s troubles continue to pin back the Pound and the stats have provided little help. More swings on the cards later today.
Feb 15 (Reuters) - Jaya Tiasa Holdings Bhd: * JAN PRODUCTION OF FFB 67,549 MT, CRUDE PALM OIL 13,033 MT, PALM KERNEL 2,919 MT & LOGS 11,764 CUBIC METRES Source text: ( https://bit.ly/2toVbWa ) Further ...