Market News

Oil prices edge down, pressured by U.S. supply

: 04 July 2019

SYDNEY (Reuters) - Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles.

Oil edges up after steep fall; OPEC cuts, stocks draw support

: 03 July 2019

SINGAPORE (Reuters) - Oil prices edged higher on Wednesday, steadying after a more than 4% fall in the previous session, as extended output cuts by OPEC and its allies helped underpin prices despite growing concerns about weak demand.

Asian shares subdued as trade enthusiasm ebbs

: 03 July 2019

TOKYO (Reuters) - Asian shares were subdued on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods.

ITRC underscores importance of AETS implementation

: 02 July 2019

KUALA LUMPUR: The International Tripartite Rubber Council (ITRC), in a recent meeting, reiterated the importance of the Agreed Export Tonnage Scheme (AETS) implementation as an effective instrument to address the transient stock imbalance from the global market.

Media Release by the International Tripartite Rubber Council (ITRC) Dated 1 July 2019

: 02 July 2019

The Senior Officials from Thailand, Indonesia and Malaysia under the framework of the International Tripartite Rubber Council (ITRC) met on 27 June 2019 in Krabi, Thailand. The meeting discussed the current global natural rubber (NR) fundamentals under the schemes of ITRC namely the Supply Management Scheme (SMS), Demand Promotion Scheme (DPS) and Agreed Export Tonnage Scheme (AETS).
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OPEC extends oil cut to prop up prices as economy weakens

: 02 July 2019

VIENNA (Reuters) - OPEC agreed on Monday to extend oil supply cuts until March 2020 as the group’s members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production.