Tag: International

Many oil traders are positioning themselves to profit from a further fall in prices, taking large short-positions in U.S. crude contracts while going long in put options for oil at lower than curr…

OPEC to take a wait-and-see approach on Iran; Market will absorb extra flows on better 2016 demand

China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world’s biggest bullion producer and consumer more influenc…

Malaysia will resume taxing exports of crude palm oil in March, a minister said on Thursday, after scrapping the duty for five months in a bid to spur demand and reduce bloated stockpiles.

Iraq has cut the official selling price to Asia and the United States in January for its main crude oil export grade, Basrah light, but raised the OSP slightly to Europe, the state oil marketin…

US oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. But new data suggests that the much-anticipated slowdown in shale…