Institutional investors representing over half a trillion dollars in assets under management today called on four major palm oil producers to adopt an immediate moratorium on deforestation and join the growing and unprecedented effort within the industry to establish traceable, deforestation-free palm oil supply chains.
A wild expiration day for the December WTI contract and even a wilder day for the Brent vs. WTI oil spread. Brent initially was selling off over optimism from the talks with Iran surrounding its nuclear program.
Can oil traders find happiness and fulfillment without the Energy Information Administration reports? Genscape is preparing to backstop the EIA Weekly Cushing Oil Storage Report, as well as the USDA corn crop yield forecast.
China's imports have surged in recent years from OPEC nations such as Saudi Arabia, Iraq and the United Arab Emirates, according to Chinese customs data. The U.S. is still No. 1 in crude imports from the entire world.
India's search for hydrocarbons to fuel its economy has managed rather neat diplomatic trick of annoying Washington, delighting Tehran and intriguing Baghdad, and leaving the Indian Treasury fretting about how to pay for its oil imports.