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Palm oil prices set for a volatile year led by soybean market, say leading analysts

Palm oil prices are likely to remain high in the first quarter but “fall dramatically” during the second half of the year as palm and oilseed plantings pick up, two leading industry analysts said in a …

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Palm oil prices to keep rising in first half of 2021 on tight supply -Asian producers

Palm oil prices will continue to rise in the first half of 2021 as global supply squeezed by a La Nina weather pattern is set to remain tight, the Council of Palm Oil Producing Countries (CPOPC) said …

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Palm Oil’s Stunning Rally Is Set to Boost Supermarket Prices

One of the world’s most popular raw materials is as expensive as it’s been in eight years, a rally that points to higher food prices — and backsliding on biofuel initiatives — in the months to come.

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Oil prices rise on possible OPEC+ supply action, vaccine hopes

Oil prices edged up on Tuesday helped by expectations that OPEC and its allies would tighten supplies next year and supported by news of a second possible COVID-19 vaccine.

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India trims palm oil purchases as rising prices make soyoil attractive

Indian edible oil refiners are trimming imports of palm oil to make space for soyoil as a rally in the price of palm due to output worries reduced the spread between the two, industry officials told …

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Oil Prices Could Rise To $65

Oil prices rose on Tuesday on new manufacturing data from both the U.S. and China, which surprised on the upside. The dollar also weakened, adding some support to crude. Nevertheless, crude is showing …

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Oil prices struggle for direction on Friday as China-U.S. tensions flare up

Oil futures bounce on either side of unchanged early Friday, but were on track for a weekly gain, as investors weigh upbeat data from Europe …

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Malaysian palm oil players warn of tougher times as pandemic hits prices

Malaysian palm oil industry leaders warned on Tuesday of depressed prices this year as the coronavirus pandemic cuts global demand and boosts inventories, with the biggest producer warning of painful …

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Sinking oil demand, drop in prices put U.S. fracking activity on track for a record monthly decline: report

Offshore oil drillers have started to shut off wells in the U.S. Gulf of Mexico. U.S. fracking activity, meanwhile, is poised to suffer its largest-ever monthly drop in April, according to a recent …

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Oil prices rebound as Trump threatens Iran

A tweet from US President Donald Trump threatening to shoot down Iranian ships in the Persian Gulf – a key artery for the oil industry – buoyed international … It is likely to cause the largest …

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