Archive for the January 19, 2019
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Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said on Friday.
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Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply, and on signs of progress in ending the US-China trade war. Brent crude was
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Benchmark Tokyo rubber futures rose to a 1-1/2-week high on Friday, amid optimism that the United States and China are closer to resolving their trade dispute and speculations over tighter supply in Tokyo's near-term contracts,
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Malaysian palm oil futures jumped to a near three-month high on Friday, charting a second day of gains, buoyed by strong crude oil prices and technical buying. The benchmark palm oil contract for April delivery
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Cambodia and Myanmar have railed at the European Commission for resuming tariffs on millions of dollars of rice, with one ministry describing the move as a "weapon" against already poor farmers. The EC reimposed duties
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Arabica coffee futures on ICE were higher on Friday, boosted by fund short-covering fuelled by both technical factors and some concerns about hot, dry weather in top grower Brazil. March arabica coffee rose 2.50 cents,
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Palladium surpassed the $1,400 mark for the first time on Thursday in New York close, as demand for the auto-catalyst metal overtook its availability in the market, while gold edged lower as the dollar gained
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Palladium held above $1,400 an ounce on Friday after surging to record levels in the previous session, amid tight supplies and robust demand, while gold slipped as risk sentiment got a boost from hopes of
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Gold slipped on Friday to its lowest in more than a week, headed for its first weekly decline in five, as equities and the US dollar got a lift from investors taking on more risk
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US soyabean futures jumped 1 percent on Friday while corn and wheat also edged upward in a broad commodities and equities market rally on renewed optimism about US-China trade talks. Media reports highlighting potential progress
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