NewsWuvrnews|
  • Home
  • CHEMICALS & MATERIALS
  • AEROSPACE
  • TRANSPORTATION
  • ENERGY
  • TECHNOLOGY
  • EQUIPMENT
  • ELECTRONICS
  • GUEST POST
Saturday, July 19, 2025
No Result
View All Result
  • Home
  • CHEMICALS & MATERIALS
  • AEROSPACE
  • TRANSPORTATION
  • ENERGY
  • TECHNOLOGY
  • EQUIPMENT
  • ELECTRONICS
  • GUEST POST
No Result
View All Result
NewsWuvrnews|
No Result
View All Result
Home ENERGY

The recent trends in the oil and crude oil markets have been relatively good. However, the market still faces some uncertain factors

Oct 19,2023
in ENERGY
0
The recent trends in the oil and crude oil markets have been relatively good. However, the market still faces some uncertain factors
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Due to data released by the Malaysian Palm Oil Association (MPOA), Malaysia’s palm oil production is expected to increase by 6.94% from September 1 to 30, with an increase of 5.86% in Peninsular Malaysia, an increase of 8.72% in Eastern Malaysia, an increase of 10.06% in Sabah, and an increase of 10.06% in Sarawak. The more it increased by 5.01%. Another data released by the Malaysian Palm Oil Association showed that Malaysian palm oil stocks may rise to 2.38 million tons, an increase of 12.05% month-on-month, reaching the highest level since October last year.

Domestic palm oil stocks also rebounded significantly. Monitoring data from the China Cereals and Oils Business Network show that as of the 40th weekend of 2023, the total domestic palm oil inventory was 780,000 tons, an increase of 105,000 tons from 675,000 tons the previous week.

Both the Malaysian Palm Oil Association and Bloomberg surveys predict that Malaysia’s palm oil stocks will rise to 2.41 million tons in September, an increase of 13.68% from 2.12 million tons in August. Analysts estimate Malaysia’s palm oil production in September to be 1.86-1.87 million tons, and the actual production data is slightly lower than expected. In addition, Saudi Arabian National Oil Company (Saudi Aramco) recently announced that it will provide sustainable palm oil (USOIL) to international customers starting in November, with a total volume of approximately 500,000 tons.

Oil market trends diverge.

Under the influence of multiple factors, such as higher international crude oil prices, a decline in the U.S. dollar index, and an expected increase in Malaysian palm oil production, the international oil and fat market has diverged. As of the close of business on October 7, Beijing time, the price of the main contract of soybean oil futures on the Intercontinental Exchange (ICE) rose 0.55% to close at 67.35 cents/pound; the price of the main contract of international rapeseed futures rose 0.77% to close at 59.80 Canadian dollars. / ton; Chicago soybean oil futures prices rose 0.66% to close at 69 cents per pound; rapeseed futures prices in Hamburg, Germany, rose 2.1% to close at 575 euros per ton.

Oil market analysts said that the divergence of oil market trends reflects differences in market expectations for oil supply and demand. The increase in Malaysian palm oil production is expected to bring positive effects to the market. However, the market still faces a variety of uncertain factors, such as the progress of global economic recovery and the recovery of oil and fat demand. In addition, oil prices are also affected by other factors, such as the U.S. dollar index, crude oil prices, and related policies.

International oil prices have shown a strong trend recently. As of the close of trading on October 7, Beijing time, the price of crude oil futures on the New York Mercantile Exchange  rose by 2.22% to close at US$74.9 per barrel; About the price of Brent crude oil futures on the London Intercontinental Exchange (ICE) rose by 1.42% and closed at US$74.9 per barrel. At US$78.4 per barrel. Analysts believe that the decline in the U.S. dollar index and the good performance of global stock markets are some of the main reasons for the rise in international oil prices. In addition, the latest data released by the U.S. Energy Information Administration (EIA) showed that U.S. commercial crude oil inventories fell by 3.94 million barrels last week, while market expectations were for an increase of 274,000 barrels. This has also brought some support to international oil prices.

Generally speaking, the recent trends in the oil and crude oil markets have been relatively good. However, the market still faces some uncertain factors, and it is necessary to pay attention to changes in factors such as the progress of global economic recovery, recovery of oil and fat demand, and relevant policies. At the same time, it is also necessary to pay close attention to changes in the domestic oil and fat market and policy adjustments in order to better grasp market opportunities and risk control.

Tags: recenttrends
Previous Post

it is also necessary to pay close attention to changes in the domestic oil and fat market and policy adjustments in order to better grasp market opportunities and risk control

Next Post

Aerospace——Product of Human Expansion and Future Challenges

Next Post
Aerospace——Product of Human Expansion and Future Challenges

Aerospace——Product of Human Expansion and Future Challenges

Copper Bar: The Backbone of Electrical and Industrial Systems in a High-Tech Era copper to aluminum bus bar connections

Copper Bar: The Backbone of Electrical and Industrial Systems in a High-Tech Era copper to aluminum bus bar connections

Jun 09,2025

Silicon Carbide Market Report and Outlook (2025-2030) wuvrnews.com

Nov 19,2024
Meta Cooperates With Food Brands To Develop Vr Cooking Teaching Applications

Meta Cooperates With Food Brands To Develop Vr Cooking Teaching Applications

May 30,2025
Boeing’s Starliner suffers another helium leak tungsten spot price

Boeing’s Starliner suffers another helium leak tungsten spot price

Jun 18,2024
Molybdenum Disulfide (MoS₂): The Unsung Hero Among Industrial Lubricants synthetic oil engine

Molybdenum Disulfide (MoS₂): The Unsung Hero Among Industrial Lubricants synthetic oil engine

May 25,2024
Production Technology and Market Prospects of Sodium Silicate sodium silicate in water treatment

Production Technology and Market Prospects of Sodium Silicate sodium silicate in water treatment

Oct 25,2024
Revolutionizing Industrial Applications: The Multifaceted Potential of MoDTC (CAS No. 253873-83-5)

Revolutionizing Industrial Applications: The Multifaceted Potential of MoDTC (CAS No. 253873-83-5)

Dec 31,2024

Enhancing Concrete Performance: The Science, Applications, and Future of Water Reducing Agents in Modern Construction dr fixit concrete admixture

May 17,2025

Unlocking the Potential of Waterborne Calcium Stearate: A Green Revolution in Industrial Additives calcium stearate uses

May 16,2025

New energy vehicle lubricants are growing rapidly, and “Chinese standards” may become the world’s leading standard synthetic oil engine

Apr 18,2024

Tellurium dioxide dissolution: a solution for the future environment! sic compound

Jun 03,2024

Meta Is Exposed To Sell Behavioral Data To Energy Companies

Jul 09,2025

Analysis of the future development trend of spherical quartz powder ghost quartz

Nov 22,2024

Global Magnetic Beads Market Analysis and Future Development Trend Forecast for Small Fragment DNA Extraction and Purification anti gfp magnetic beads

Nov 07,2024

Exploring the versatile applications and future prospects of potassium silicate kiwi potassium

Apr 29,2025

Comparative analysis of properties and applications of oxide powders blue iron oxide pigment

May 15,2025
NewsWuvrnews|

The WuvrNews website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

  • Metal Clads

Categories

  • AEROSPACE
  • CHEMICALS & MATERIALS
  • ELECTRONICS
  • ENERGY
  • EQUIPMENT
  • TECHNOLOGY

Recent News

Musk Says Considering Twitter To Support Distributed Energy

Musk Says Considering Twitter To Support Distributed Energy

Jul 18,2025
Musk Says He Is Considering Allowing Twitter To Support Ar Filters

Musk Says He Is Considering Allowing Twitter To Support Ar Filters

Jul 17,2025
No Result
View All Result
  • Home
  • CHEMICALS & MATERIALS
  • AEROSPACE
  • TRANSPORTATION
  • ENERGY
  • TECHNOLOGY
  • EQUIPMENT
  • ELECTRONICS
  • GUEST POST