Stay updated with breaking news from Soil Analytics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives improved further on Friday to close the week with the best weekly gains of the year amid worries over the tight supply outlook for the global vegetable oils market. Palm Oil Analytics owner and co-founder Dr Sathia Varqa said this had driven the rally in soybean oil on the Chicago Board of Trade
This Partnership Will Provide Access to the Latest Oil Market Data for Better Decision Making
SINGAPORE/BEIJING (Dec 29): An increase in fuel export quota for Chinese refiners next year looks set to boost overseas shipments and heap further pressure on margins for oil processors in other parts of Asia. China has granted 29.5 million tons of oil-product export quota in the first batch for 2021, around 5% higher than the initial instalment this year, according to local consultant SCI99. Actual exports may actually rise next year by more than the quota increase due to a low base effect and the addition of new refining capacity in China, Citigroup Inc said in a note. Refiners in Asia's bi...
Things aren’t back to normal yet, but the positive signals are proliferating. The enormous glut of fuel that accumulated this year on everything from tiny barges to giant supertankers is being steadily depleted. While the coronavirus pandemic is worse than ever in the US, demand in Europe is bouncing back as a second wave of lockdowns eases and Asia continues to pull in huge volumes of crude. But there’s more to this than a realignment of supply and demand – huge financial flows are also driving the price rally. In a world that’s expecting to see travel recover sharply next year, crud...