Kazakhstan to submit crude output compensation plan to OPEC within days
Kazakhstan plans to submit its revised plan to compensate for producing above its OPEC+ crude quota in 2024 in the coming days,…
Over a year in making, Aramco stake sale brings rare foreign investment to Saudi
Saudi Arabia began preparing more than a year ago to sell a new chunk of state oil giant Aramco 2222.SE, targeting foreign…
IEA sees major oil capacity glut by 2030 as demand peaks
The world is facing a major oil capacity glut in the current decade that could trigger lower prices and test OPEC’s market…
US sugar supply level to fall as production decreases, says USDA
The U.S. Department of Agriculture (USDA) on Wednesday cut its projection for U.S. sugar stocks-to-use ratio, a key indicator of the supply…
Financial investors reduce net long position in Euronext wheat
Non-commercial market participants reduced their net long position in Euronext’s milling wheat futures and options in the week to June 7, data…
Malaysia keeps July crude palm oil export duty at 8%
Malaysia has maintained its July export tax for crude palm oil at 8%and loweredits reference price, a circular on the Malaysian Palm…
Canadian wheat prices maintain bearish trend despite higher close on day
Western Canadian wheat prices ended a nine-day decline June 11, but the overall lower price trend continued amid reduced demand for forward…
FranceAgriMer raises 2023/24 non-EU wheat export forecast
Farm office FranceAgriMer increased its forecast for French soft wheat exports outside the European Union in 2023/24, leading to lower projected stocks,…
PetroVietnam Gas: imports 70,000-ton LNG cargo from PetroChina International
PetroVietnam Gas said it had received a 70,000-ton LNG cargo from PetroChina International for domestic power generation and industrial production. The cargo…