Oil prices could fall to $45 per barrel if US-China trade war escalates, says investor

Global oil prices could fall to as low as $45 per barrel if tensions between the U.S. and China worsen, an investment strategist told CNBC. Oil prices have been on a downward trend in recent weeks as investors become increasingly concerned about slowing demand. Appetite for oil is at risk of a...

https://www.hellenicshippingnews.com/oil-prices-could-fall-to-45-per-barrel-if-us-china-trade-war-escalates-says-investor/

Analysts foresee palm oil prices to improve on higher Chinese, Indian demand

Malaysian analysts foresee a recovery for crude palm oil (CPO) prices in the second half on the back of stronger demand from China and India. Public Investment Bank said in a report Thursday that the CPO price is expected to improve to 2,100 ringgit to 2,300 ringgit per ton in the second half, from...

https://www.hellenicshippingnews.com/analysts-foresee-palm-oil-prices-to-improve-on-higher-chinese-indian-demand/

Refinery margin tracker: Midwestern margins sink on weak farm demand, stockbuilds

Midwestern refinery margins last week showed the greatest decline of all US regions after US government inventory data showed the largest stock build in 20 years, with anemic diesel demand weighing on economics as wet weather kept farmers from planting, an analysis from S&P Global Platts showed...

https://www.hellenicshippingnews.com/refinery-margin-tracker-midwestern-margins-sink-on-weak-farm-demand-stockbuilds/

OPEC says trade disputes, geopolitics, rising non-OPEC supply make for challenging 2H19

OPEC on Thursday said it faces a challenging second half of 2019, with demand-dampening trade disputes combining with expected robust non-OPEC supply growth to complicate the producer bloc’s oil market rebalancing efforts. Its 1.2 million b/d supply cut agreement with Russia and nine other non-OPEC...

https://www.hellenicshippingnews.com/opec-says-trade-disputes-geopolitics-rising-non-opec-supply-make-for-challenging-2h19/