Market News

    Oil holds gains on shrinking U.S. stockpiles

    MELBOURNE (Reuters) - Oil prices rose slightly in early trade on Thursday after data showed U.S. crude stockpiles fell last week, adding to 2% gains overnight, as OPEC and its allies were seen fully complying in September with their pact to curb output.

    ANRPC Releases Natural Rubber Trends & Statistics, September 2020

    The Association of Natural Rubber Producing Countries (ANRPC) is happy to releases the Natural Rubber Trends & Statistics, September 2020. 

    The world production of natural rubber (NR) fell 8.7%, year-over-year, during Jan-Aug 2020 to 7.778 million tonnes. Accounting a 3.8% fall anticipated in the remaining four months of the year, the total production during the full year 2020 is anticipated at 12.901 million tonnes reflecting a 6.8% fall from the previous year. This revised outlook of the world supply in 2020 is 1.9 percentage points lower than the outlook reported a month ago which was 13.149 million tonnes by representing a 4.9% fall.