Oil extended downtrend on troubled US and Chinese economic data

12 May 2023 International benchmarks for crude oil slipped another 2% on Thursday, 11 May 2023 as the debate on raising the debt ceiling in the US hit a standoff, triggering fears of a recession in the world’s largest oil consumer

12 May 2023

Dalian Commodity Exchange: 12 May 2023 (Night trading)

The 2309 for September 2023 delivery contract on Dalian Commodity Exchange on 12 May 2023 settled as follows:

12 May 2023

Dalian Commodity Exchange: 12 May 2023

The 2309 for September 2023 delivery contract on Dalian Commodity Exchange on 12 May 2023 settled as follows:

11 May 2023

Oil market resumed falling on the prospect of further interest rate hikes

International benchmark for crude oil on Wednesday, 10 May 2023 dropped more than a dollar a barrel following a three-day upturn as the latest US CPI data points to the possibility

11 May 2023

Malaysia’s LCT signed MOU with Polymateria to commercialize biodegradable resin

The five-year partnership is struck on the principal idea of better serving the climate by minimizing the environmental impact of the business operations and providing sustainable solutions for customers

11 May 2023

EIA: US crude inventories surprisingly built up despite lower import

Total motor gasoline inventories, on the other hand, dropped 3.2 million barrels during the week with analysts holding bullish expectations of strong demand during the summer driving season.