#oil value

Palm oil manufacturers shout out over value slide because of illicit import

Palm oil manufacturers shout out over value slide because of illicit import

Palm oil manufacturers…The National Palm Produce Association of Nigeria (NPPAN) has raised alert over the descending slide in the cost of Crude Palm Oil (CPO) and local interest regardless of their colossal ventures.

Palm oil manufacturers shout out over value slide because of illicit import

The gathering brought the…

Oil value mixed in Asia, Brent eased 8 cent to $58.45

SINGAPORE: Oil prices were mixed in Asia on Tuesday as dealers weighed a strengthening US dollar with ongoing geopolitical tensions in the crude-rich Middle East, analysts said.

US benchmark West Texas Intermediate gained one cent to $50.01 while Brent eased eight cents to $58.45.

Singapore’s United Overseas Bank said oil remained under pressure as a stronger US dollar was “offsetting…

Oil value edges up in Asia

SINGAPORE: Oil prices edged up in Asia Tuesday following an upbeat outlook by key producer Kuwait, while investors are keeping tabs on Greece’s troubled debt talks with its creditors.

US benchmark West Texas Intermediate for March delivery rose 44 cents to $53.22, while Brent crude for April gained 68 cents to $62.08 in afternoon trade.

Greek Finance Minister Yanis Varoufakis said late Monday he…

Oil value declines over $1 per barrel

LONDON: Oil prices dropped more than $1 on Thursday, extending big losses in the previous session as record high inventories in the United States coupled with concerns over global demand had cut short a four-day rally.

Oil markets remain highly volatile, with U.S. crude losing 9 percent on Wednesday in one of its biggest routs. In the previous four sessions, prices had rallied almost 19 percent…

Oil value declines $51.93 per barrel on US refinery strikes

LONDON: Crude oil value declined on Monday after U.S. unions called a refinery strike and traders cashed in on strong price increases previous week when the market surged on a quick fall in U.S. drilling.

Brent crude oil futures were trading at $51.93 a barrel at 0733 GMT (2.33 a.m. ET), down $1.06, while U.S. WTI futures had dropped $1.01 to $47.24 a barrel.

Slowing manufacturing growth in China…

Tokyo stocks start 0.88% higher, Nikkei 225 climbs 151.64pts

TOKYO: Tokyo started 0.88 percent stronger in early morning on Friday following a sustained rally on Wall Street as oil value firmed. The Nikkei 225 index at the Tokyo Stock Exchange climbed 151.64 points to 17,318.74 at the start. Wall Street stocks soared Thursday for a second day as oil prices steadied and investors became more confident of monetary stimulus in Europe. The Dow Jones Industrial…

Australian stocks plunge on falling oil value, S&P 200 sheds 32pts

SYDNEY: Australian stocks declined  for a second straight session on Wednesday, tracking weakness in Wall Street as dipping oil and worries of Greece’s probable exit from the euro zone drove shareholders away from stocks. The S&P/ASX 200 index barely moved in 2014 and has started the New Year on a tepid note, already down 1.5 percent in January so far as a global commodities slump has hit…

Oil value gets stable after 5% plunge in previous session

SINGAPORE: Oil edged up on Tuesday, getting stabled after a 5 percent fall in the last session that saw prices touching fresh 5-1/2-year lows in an oversupplied market. Worries about surplus oil supplies were fuelled by data showing output in Russia hit a post-Soviet-era high in 2014 and exports from OPEC’s second largest producer, Iraq, were the highest since 1980. Jitters over political…