Florence Tan
Oil shipping rates surge after US sanctions hit availability
Supertanker freight rates soared after U.S. sanctions on Russia, prompting traders to rush to book vessels from elsewhere.
Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
Cocoa and coffee prices surged in 2024 due to global supply deficits, while steel-making coal struggled amid China's slow growth.
Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
Canada and Mexico may cut prices and shift oil supply to Asia if Trump enacts 25% U.S. crude import tariffs.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say
Glencore and Chandra Asri aim to finalize their Singapore refinery acquisition in Q1 2025, launching Aster for operations.
Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty
Oil prices have been capped by concerns about an unwinding of OPEC+ supply cuts in 2025 and China's weak oil demand growth.
ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
ExxonMobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, according to sources
Japan, S. Korea refiners join China in buying Canadian TMX oil
The Trans Mountain pipeline, owned by the Canadian government, was expanded in May.
