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Malaysian Daily News

Malaysian Daily News

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Tag: Oil

The Sun

Ringgit ends lower versus greenback on oil price decline, expectation of US rate hike

May 29, 2023 - by admin

KUALA LUMPUR: The ringgit retreated from last week’s gains to close lower against the greenback on Monday as declining crude oil prices and expectations of a US interest rate hike …

Ringgit ends lower versus greenback on oil price decline, expectation of US rate hike Read More
The Star

Oil prices rise as US closes in on debt deal

May 27, 2023 - by admin

HOUSTON: Oil prices ticked up on Friday as US officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from Russia and Saudi …

Oil prices rise as US closes in on debt deal Read More
The Sun

Oil eases as Russia downplays additional Opec+ cuts

May 26, 2023 - by admin

NEW YORK: Oil prices settled lower on Thursday (May 25) after Russian Deputy Prime Minister Alexander Novak played down the prospect of further Opec+ production cuts at its meeting next …

Oil eases as Russia downplays additional Opec+ cuts Read More
The Sun

Oil prices gain 2% on falling US stockpiles, Saudi warning

May 25, 2023 - by admin

NEW YORK: Oil prices rose 2% on Wednesday (May 24), after a large unexpected drawdown in US crude inventories and a warning from the Saudi energy minister that raised the …

Oil prices gain 2% on falling US stockpiles, Saudi warning Read More
The Sun

Oil prices gain 1%, Saudi minister warns speculators

May 24, 2023 - by admin

NEW YORK: Oil prices rose on Tuesday (May 23) on forecasts for a tighter petrol market and a warning from the Saudi energy minister to speculators that raised the prospect …

Oil prices gain 1%, Saudi minister warns speculators Read More
The Star

Oil extends gains on higher gasoline demand, tighter supply

May 23, 2023 - by admin

BEIJING: Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns …

Oil extends gains on higher gasoline demand, tighter supply Read More
The Sun

Oil rises 1% as supplies shrink, demand seen higher

May 22, 2023 - by admin

NEW YORK: Oil prices edged up 1% on Monday (May 22) with a rise in US petrol futures and forecasts for oil demand to rise in the second half of …

Oil rises 1% as supplies shrink, demand seen higher Read More
The Star

Oil slips as debt talks pause, Fed warns of high inflation

May 20, 2023 - by admin

HOUSTON: Oil prices fell on Friday, as investors worried that US politicians will fail to agree on a new debt ceiling and trigger a default that would hurt the economy …

Oil slips as debt talks pause, Fed warns of high inflation Read More
The Sun

Oil prices settle down 1% as strong US data boosts dollar

May 18, 2023 - by admin

NEW YORK: Oil prices slid about 1% on Thursday (May 18) after solid US economic data spurred the dollar to reach a two-month high on growing expectations the US Federal …

Oil prices settle down 1% as strong US data boosts dollar Read More
The Star

Malaysia keeps June crude palm oil export duty at 8%, raise reference price

May 18, 2023 - by admin

KUALA LUMPUR: Malaysia has maintained its June export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed …

Malaysia keeps June crude palm oil export duty at 8%, raise reference price Read More

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