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June 20, 2022
(June 20): Palm oil fell deeper into bear market territory on concern that surging Indonesian exports will challenge cargoes from Malaysia, with the most active contract sliding below RM5,000 for the first time since January.
April 14, 2022
Singapore, Apr 14: Five Indian-origin men were among 12 persons charged on Thursday for taking bribes in the USD 94.52 million fuel heist reported in Singapore’s Pulau island refinery in 2017. The scheme ran for about 10 years at the Royal Dutch Shell refinery on Pulau (island) Bukom, Channel News Asia reported. It was orchestrated by current and former workers at the refinery, who arranged the illegal loadings of marine fuel for vessels at below market rates. The Indian-origin men charge...
April 1, 2022
SINGAPORE, April 1 — A former Shell Eastern Petroleum employee was jailed for 29 years yesterday for his role in the largest misappropriation of marine gas oil from the firm’s biggest regional refinery on Pulau Bukom. Juandi Pungot, 45, and two colleagues are said to be the key...
March 16, 2022
SINGAPORE: Palm oil stretched losses over four days to 13%, retreating from record highs, as petroleum prices plunge and traders keep a close watch on whether top grower Indonesia issues more export permits.
March 15, 2022
KUALA LUMPUR (March 15): Palm oil stretched losses over four days to 13%, retreating from record highs, as petroleum prices plunge and traders keep a close watch on whether top grower Indonesia issues more export permits.
February 23, 2022
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
February 17, 2022
Watertown, CT (PRWEB) February 17, 2022 -- The Siemon Company, a leading global network infrastructure specialist, is pleased to announce that its new
February 12, 2022
We previously discussed which portions of an artificial intelligence/machine-learning (“AI/ML”) platform can be patented. Under what circumstances, however, is it best to keep at least...
February 12, 2022
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on concerns over weaker demand, according to a dealer. Palm oil trader David Ng said weakness in the soybean oil market at the US Chicago Board of Trade (CBOT) and Dalian Commodity Exchange also put pressure on CPO prices.
February 12, 2022
Malaysian palm oil futures posted a rebound on Friday, but was still heading for a weekly loss as traders digest production and exports data. The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange rose 0.47% to 5,561 ringgit ($1,328.48) per tonne by midday break, after falling as much as ...