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The worrying spectre of higher oil prices

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BusinessLine On May 2, the Trump administration brought to an end the waiver the US had granted eight countries, including India, of sanctions on imports of oil from Iran. Having pulled out of the 2015 multi-country agreement with Iran to limit its nuclear pro... More »

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Trump’s oil brinkmanship – The Hindu BusinessLine

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BusinessLine US President Donald Trump is attempting the diplomatic equivalent of having his cake and eating it too when it comes to Iran and Venezuela. On one hand, he wants to exert maximum pressure and topple both governments so he’s ending waivers that all... More »

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Palm oil facing headwinds from the West

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BusinessLine The palm oil sector is currently facing a double whammy — softening prices in the wake of rising production and inventory, and concerted attack from West-based environmentalists for large-scale deforestation. Recently, the European Commission (EC)... More »

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Oil spills: When will we ever learn?

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BusinessLine Where’s the bad news from? Solomon Islands. Just a few weeks ago, a bulk carrier with 700 tonnes of oil in its belly ran aground on Kongobainiu reef in the tiny South Pacific country after it was caught in Cyclone Oma. The cargo ship, MV Solomons ... More »

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Govt must call the oil import lobby’s bluff

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BusinessLine India’s powerful vegetable oil import lobby has expressed its opposition to the pre-agreed reduction in customs duty on imported palm oil in terms of Malaysia India Comprehensive Economic Cooperation Agreement that came into effect from 2012. Curr... More »

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Palm oil futures may test support levels, rise

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BusinessLine Malaysian palm oil futures ended lower on Monday, tracking weakness in other markets. Lower exports and higher production expectation weighed on prices. The benchmark third-month November contract moved lower again failing to capitalise on recent ... More »

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Palm oil futures will consolidate, rise

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BusinessLine Malaysian palm oil futures edged up on Monday evening tracking strength in related edible oils and charting a second straight session of gains. Rising production and stocks continue to weigh on market sentiment. Exports of Malaysian palm oil produ... More »

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Malaysian palm oil futures hit by weak demand

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BusinessLine Malaysian palm oil futures ended higher on Monday, helped by bargain-hunting after prices fell following weak export demand and losses in Soy complex. Malaysia resumed export taxes on crude palm oil in May, after suspending it for four months at t... More »

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Crude oil: Inflation worry makes a case for tax cut

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BusinessLine Escalating geopolitical tensions, triggered primarily by the threat of US sanctions on Venezuela and Iran that can potentially crimp supplies in an already tightening market, have propelled crude markets higher to test $80 a barrel for Brent, near... More »

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Oil price scare looms large once again

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BusinessLine The news last week that prices of Brent Crude oil (which is used as a global benchmark) had crossed $80 a barrel in some markets must have created shock waves in policy circles of many countries, especially India. Many oil-importing countries had ... More »

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Palm oil futures will test supports, rise

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BusinessLine Malaysian palm oil futures ended higher on Monday, but hit a two-week low on the back of a stronger ringgit. A stronger ringgit typically makes physical prices more expensive for overseas buyers and has a bearing on end stocks. Exports of Malaysia... More »

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Palm oil futures test key resistance levels

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BusinessLine January 8, 2018:   Malaysian palm oil futures ended sharply higher on Monday to rise over 1 per cent in the second session, as market participants forecast improving demand in January and lower production in the coming months. CPO active month Mar... More »