Carian mengenai topik oil-price

Strong U.S retail sales data from the Commerce Department also hindered oil prices, Yawger added, by increasing the likelihood that interest rates in the world's biggest economy would remain higher for longer and reduce demand for oil.

Meanwhile, in Russia, Ukraine struck oil refineries in a second day of heavy drone attacks, causing a fire at Rosneft's biggest refinery in what Russian President Vladimir Putin said was an attempt to disrupt his country's presidential election this week.

If the scale of conflict widens, it would have significant impact, especially in rising of oil prices and trade supply chain disruption.

The Cooking Oil Price Stabilization Scheme (eCOSS) which is currently being upgraded by the Ministry of Domestic Trade and Cost of Living.

The govt was maintaining the retail prices of RON95 and diesel to protect consumers from the real impact of oil price hikes, MOF said.

The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices.

The rise in palm oil imports by India, could help Malaysia lower its stocks and support palm oil prices, the traders said.

The proposals to set cooking oil prices and the use of subsidised purchase coupons for packet cooking oil will be discussed at the NACCOL meeting next week.

The retail prices of cooking oil for the period Dec 8, 2022 to Jan 7, 2023 will remain unchanged, said KPDNHEP secretary-general Datuk Azman Mohd Yusof.

Stephen Innes said the steadier crude oil prices earlier this week have also provided support for the local note.

Higher exports and lower production would help major palm oil producers Indonesia and Malaysia bring down inventories.

The seedlings shortfall could slow plantation, capping production growth and keeping palm oil prices elevated, industry officials said.

The government is carrying out negotiations with palm oil industry players to devise the best formula to expedite a reduction in supply prices.

The price of bottled cooking oil is expected to drop soon in line with the reduction in the raw cooking oil price from RM7,000 per metric tonne to RM3,600 per metric tonne this week.

MIDF Research said Malaysia's palm oil price has been trending downward below RM4,000 per tonne mark since early July 2022.

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