DESPITE efforts to meet the bulk of edible oil requirements from indigenous sources, the country’s dependence on imported edible oil is constantly rising, registering a record increase of 200,000 tons during the last financial year.Now edible imports are up at 1.8 million tons against the earlier average of 1.6 million tons per year. Meanwhile, the [...]

Malaysian crude palm oil futures tumbled 5.5 per cent on Thursday, dragged down by faltering US and Chinese soyoil markets as well as fears of slower exports, traders said.
The benchmark January contract on the Bursa Malaysia Derivatives Exchange fell as much as 86 ringgit to 1,479 ringgit ($417.3) per ton in the first few minutes [...]

For decades, the only promise most Cubans saw in the ocean north of their island was the current that carries homemade rafts to Florida. That all changed a few years ago when geologists estimated that between 5 billion bbl. and 10 billion bbl. of oil lie beneath the waters off Cuba’s northwest coast. Suddenly it [...]

Oil prices fell on Tuesday in choppy trade marked by profit-taking one day after New York crude soared more than $16 in its biggest-ever daily jump.
The massive price gain on Monday was driven partly by hopes that a massive US bailout plan for the banking system would also bolster the global economy and thus maintain [...]

The next Saudi Arabia’s move on its crude output strategy is eagerly awaited. With prices under pressure and calls from within Opec to have a close look at its current output practices, the Saudi stance on the issue remains crucial. The guessing game is hence on.
Riyadh meanwhile has kept its cards close to chest tactically [...]

Oil prices rebounded briefly above $117 on Tuesday, erasing earlier losses as attention switched to a hurricane that could threaten US energy facilities in the Gulf of Mexico, traders said.
New York’s main contract, light sweet crude for delivery in October, jumped $1.72 to $116.83 per barrel, after earlier reaching $117.89.
London’s Brent North Sea crude for [...]

The prices of ghee and cooking oil in the local market have fallen after palm olien rates declined in international market. However, the producers of branded ghee and oil have not reduced their rates.
The price of 16 kg ghee and cooking oil tin plunged to Rs1,950 from Rs2,100 in Punjab two weeks ago.
In Karachi, the [...]

The prices of ghee and cooking oil in the local market have fallen after palm olien rates declined in international market. However, the producers of branded ghee and oil have not reduced their rates.
The price of 16 kg ghee and cooking oil tin plunged to Rs1,950 from Rs2,100 in Punjab two weeks ago.
In Karachi, the [...]

The prices of ghee and cooking oil in the local market have fallen after palm olien rates declined in international market. However, the producers of branded ghee and oil have not reduced their rates.
The price of 16 kg ghee and cooking oil tin plunged to Rs1,950 from Rs2,100 in Punjab two weeks ago.
In Karachi, the [...]

Crude prices continued their dizzying spiral down on Friday, shedding nearly four dollars to trade below 114 dollars a barrel as the US currency strengthened amid concerns about energy demand, dealers said.
Brent North Sea crude for September delivery hit an intra-day low of 113.55 dollars a barrel. It recovered slightly to stand at 114.06 dollars, [...]