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economy

Oil edged lower as market digested Middle East tensions and profit-taking set in
13 Jun 2025 The decline followed a robust 4% surge on Wednesday—the sharpest daily gain in over a month—fuelled by heightened fears that escalating tensions in the Middle East could disrupt regional oil supplies.
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13 Jun 2025

economy

Dalian Commodity Exchange: 13 June 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 13 June 2025 settled as follows:
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12 Jun 2025

economy

South Korea’s Lotte Chemical, HD Hyundai in merger talks over Daesan naphtha crackers

Lotte Chemical Corp. and HD Hyundai Co. are in advanced negotiations to consolidate their naphtha cracking operations at the Daesan petrochemical complex
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12 Jun 2025

economy

Oil surged to two-month high on Middle East tensions, US-China trade optimism

The rally was triggered by reports that the United States is preparing to evacuate its embassy in Iraq due to heightened security threats across the region.
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12 Jun 2025

economy

Media: Chinese buyers cautiously re-engage with US propane as trade tensions eased

Market participants view this as a potential turning point in a trade relationship that has been largely dormant since punitive tariffs derailed flows during the height of the US-China trade war.
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12 Jun 2025

economy

Malaysia to impose 5% sales tax on over 4,800 goods from July; including petchem products

Among the newly taxed items are major petrochemical inputs under HS headings 3901 through 3907, covering polymers such as polyethylene
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12 Jun 2025

economy

EIA: US crude stocks fell as refineries ramp up for summer demand

The US Energy Information Administration (EIA) has reported a notable drop in commercial crude oil inventories last week, driven by stronger refinery activity as the sector enters the peak season.
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12 Jun 2025

economy

Dalian Commodity Exchange: 12 June 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 12 June 2025 settled as follows:
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