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JAKARTA: Malaysian palm oil futures extended gains to a second session on Wednesday, tracking gains in rival oils and crude oil prices. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 1.16% to 4,435 ringgit ($1,054.70) in early trade. On Tuesday, it gained 2.21% in its best session in two weeks, buoyed by concerns of harvest being disrupted by floods in Malaysia and an import tax cut by key buyer India. The contract gained 0.48% in overnight trade. Fundamentals Dalian''s soyoil contract for May delivery rose 1.78% while its palm oil contract gained 2.22%. Soybean oil prices on the Chicago Board of Trade for May delivery were up 0.39%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices rose again as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth.

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on December 22 were left unchanged again, leaving petrol price in Mumbai near Rs 110 per litre.

The invitation to developers comes as officials under Democratic President Joe Biden promote renewable wind and solar power on public lands and offshore to reduce greenhouse gas emissions that are warming the planet. That''s a pronounced change from Republican President Donald Trump''s emphasis on coal mining and oil and gas drilling.

United States API Weekly Crude Oil Stock declined to -3.67M in December 17 from previous -0.815M

The inventory data from the private survey is out now, official data follows Wednesday morning (US time)

Wall Street recouped losses on Tuesday after a bruising session the previous day, with oil prices also gaining as investors sought riskier assets despite surging Omicron COVID19 cases around the world.

Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, Rystad Energy analysis shows. As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent (boe) and, with no major finds announced so far this month, the industry is on course for its worst discoveries toll since 1946. This would also represent a considerable drop from the 12.5 billion boe unearthed in 2020. Liquids

The National petroleum authority says fuel price hikes will be minimal next year Prices of petroleum products in Ghana in the first pricing window of the year 2022, which is January, are expected to be stable with minimal increment, the National Petroleum Authority (NPA), has said. The authority attributed this to the current 3% increment of crude prices in

Market Roundup EU Current Account n.s.a 20..5B, 26.9B previous EU Current Account 18.1B, 18.7B previous Belgium Dec Consumer Confidence -4, 1 previous Looking Ahead - Economic Data (GMT) 14:00 French

Global equities fell and oil prices slid more than 3% as surging Omicron cases triggered tighter curbs in Europe and the US

Analysts have warned the Federal Government that increasing taxes and tariffs in 2022 as planned may harm businesses and increase unemploy­ment in the country, especially with the uncertainty as regards removal of petrol subsidy and hike in electric­ity tariff. Mrs. Zainab Ahmed, Minister of Fi­nance, Budget and National Planning, last week, said there may be []

JAKARTA: Malaysian palm oil futures fell on Monday, tracking weakness in crude and other vegetable oil prices amid fears surging Omicron cases globally would hurt demand. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 0.41% to 4,390 ringgit ($1,038.81) in early trade. It had plunged 8.2% last week in its worst performance since June, weighed down by disappointing export data for the first half of the month. Palm posts slim gain for the day, worst weekly loss since June Fundamentals Dalian''s soyoil contract fell 0.72% while its palm oil contract lost 1.66%. Soybean oil prices on the Chicago Board of Trade for May delivery fell 0.74%. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices slumped by about 2% as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.

Global oil prices on December 20 morning fell by 2% or more on uncertainty in demand for crude due to the situation unfolding around omicron variant of coronavirus

Asian stocks and oil prices slid as surging Omicron cases triggered tighter curbs in Europe and threatened to swamp the global economy into the new year

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