Indonesia to Impose Palm Oil Export Levy to Subsidize Biofuel April 7, 2015 // 1 Comment Indonesia, the world’s biggest palm oil producer, will impose export levies to fund biodiesel subsidies, replanting, [...]
Palm oil to test resistance at 2,218 ringgit April 7, 2015 // 3 Comments SINGAPORE – Palm oil is expected to test a resistance at 2,218 ringgit per tonne, a break above which will lead to a [...]
The U.S. oil boom is moving to a level not seen in 45 years April 6, 2015 // 4 Comments SAN FRANCISCO – U.S. oil production is on track to reach an annual all-time high by September of this year, according [...]
Oil Prices Plunge 4% After US, Iran Reach Preliminary Nuclear Deal April 6, 2015 // 1 Comment Oil prices plunged more than 4 % Thursday after the U.S. and other world powers announced a preliminary agreement to [...]
Nuclear deal means more Iran oil – just not this year April 6, 2015 // 2 Comments A framework accord to curb Iran’s nuclear program forged on Thursday could eventually allow Tehran to reclaim lost [...]
OPEC oil export revenues down 11% from 2013 April 3, 2015 // 3 Comments OPEC countries earned USUS$730 billion from oil exports in 2014, according to the Energy Information Administration. [...]
U.S. oil rig count cull eases, approaches low point April 3, 2015 // 2 Comments Two weeks of thin declines in the U.S. rig count have raised expectations that drilling activity is nearing a pivotal level [...]
Oil may strengthen, then fall on Iran deal: Gartman April 3, 2015 // 1 Comment There may actually be strength in the oil market before the final deal with Iran is reached, investor Dennis Gartman told [...]
KLCI closes slightly lower but small oil, gas stocks advance April 3, 2015 // 4 Comments KUALA LUMPUR – The FBM KLCI closed slightly lower on Thursday, tracking the cautious key Asian markets after the weak [...]
Latin America divided between oil and green energy April 3, 2015 // 7 Comments Latin America spends billions of dollars subsidizing fossil fuels each year, but also has some of the world’s largest [...]