Market News

08.27.08

US Gasoline Demand Down

US gasoline demand in June was down 1.5% from May and 4.4% from a year ago. Thi...

08.26.08

Indonesia Lowers CPO Export Tax

According to a senior government official, Indonesia will lower its CPO export t...

08.25.08

Oil Price Continues to Drop

Oil extended its decline on Monday at just above $114 a barrel, on diminishing s...

08.22.08

Lower CPO Prices Boost Malaysian Exports

Malaysia’s biodiesel exports are likely to rise to 143,000 mt from last year’s 9...

08.20.08

Asian Glycerin Prices Bottom Out

Glycerin prices in Asia had fallen by more than 50% after values hit a multi-yea...

08.19.08

Indonesia CPO Export Tax To Remain

Indonesia does not plan to change the current palm oil export tax system despite...

08.18.08

Contracts Cancelled As CPO Drops

Buyers from China and India have cancelled or renegotiated around nearly one mil...

08.15.08

CPO Drops 8.7% Friday

Malaysian crude palm oil futures dropped 8.7% on Friday to an eleven month low a...

08.14.08

Biofuels Reduce Risk of Oil Price Spikes

According to a report by the UK’s Royal Institute of International Affairs, oil ...

08.13.08

CPO Prices Continue Decline

The fall in the price of palm oil is due to a question of supply and demand, and...

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US Gasoline Demand Down

08.27.08

US gasoline demand in June was down 1.5% from May and 4.4% from a year ago. This was the first time June demand fell from May since 2001.

However, ethanol blending in gasoline increased in June, possibly due to the high price of gasoline and the less expensive price of ethanol.