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KUALA LUMPUR, April 15 (Bernama) -- The proposed increase in the country’s biodiesel blend from B10 to B15, starting with B12, can reduce dependence on diesel and extend the lifespan of the nation’s fuel supply following the crisis in West Asia, said Economy Minister Akmal Nasrullah Mohd Nasir.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, April 15 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed slightly higher on Wednesday, in line with gains in Chicago Board of Trade (CBOT) soybean oil prices, a trader said.
KUALA LUMPUR, April 15 (Bernama) -- Crude palm oil (CPO) prices are expected to be supported by demand tailwinds such as higher blending mandates announced by the United States (US) Environmental Protection Agency (EPA), said CGS International Malaysia Sdn Bhd.
PUTRAJAYA, April 15 (Bernama) -- Demand for palm oil is expected to continue increasing from traditional importing countries such as China and India, driven by global geopolitical uncertainty as well as their need to ensure energy and food security.
KUALA LUMPUR, April 14 (Bernama) -- Palm-based B100 biodiesel has the potential to be a strategic alternative in strengthening the country's energy security, especially in the face of global fuel supply uncertainties.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, April 14 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, pressured by weaker crude oil prices, a trader said.
KUALA LUMPUR, April 14 (Bernama) -- MBSB Investment Bank Bhd expects benchmark Brent crude oil and crude palm oil (CPO) prices to remain above support levels and potentially re-test resistance at US$114 per barrel and RM4,890 per tonne, respectively, in the near term.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, April 13 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, tracking stronger crude oil prices amid the ongoing conflict in West Asia, a trader said.
KUALA LUMPUR, April 13 (Bernama) -- Crude palm oil inventory is expected to inch down in the second quarter (2Q) of the year, driven by stronger exports as buyers stock up amid uncertainty over the current ceasefire in West Asia.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 11 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to see profit-taking activity next week, with prices likely to trade between RM4,200 per tonne and RM4,300 per tonne, said a trader.
KUALA LUMPUR, April 10 (Bernama) -- Crude palm oil (CPO) prices are expected to remain elevated, supported by biodiesel mandates, higher oil prices, and weather-related supply risks, said CIMB Securities Sdn Bhd.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, April 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended the week sharply lower after the market digested bearish Malaysian Palm Oil Board (MPOB) data, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa.
