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economy

Crude oil rose ahead of OPEC+ production meeting
29 May 2024 Oil prices surged above $1 a barrel on Tuesday, driven by expectations that OPEC+ will uphold current crude supply cuts at its upcoming 02 June 2024 meeting.
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28 May 2024

economy

Oil rose 1% in a quiet market as tension in the Middle East flared up; OPEC+ meeting

However, traders are monitoring closely the fuel demand data in the US after Memorial Day which marks the start of the summer driving season.
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28 May 2024

economy

MEDIA: South Korean naphtha cracking operators boosted LPG usage amid margin erosion

Reduced demand from South Korean petchem producers has kept spot naphtha prices in Asia below the $700/ton threshold throughout May.
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28 May 2024

economy

MEDIA: Chinese petchem makers' plans for cheap US gas thwarted by shipping bottlenecks at Panama and Suez

The industry’s dependence on US propane has been complicated by crises in the Panama and Suez canals, increasing freight costs and limiting supply access.
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28 May 2024

economy

Dalian Commodity Exchange: 28 May 2024 (Night trading)

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 28 May 2024 settled as follows:
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28 May 2024

economy

Dalian Commodity Exchange: 28 May 2024

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 28 May 2024 settled as follows:
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27 May 2024

economy

Oil gained 1% on Friday but decline for the week

Bullish expectations over the summer demand in the US drove the market higher, however, traders are obviously anxious about the FED’s interest rate decision.
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27 May 2024

economy

Dalian Commodity Exchange: 27 May 2024 (Night trading)

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 27 May 2024 settled as follows:
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