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Commodities
Asia Biofuels Update: Malaysian Palm Oil Diverges from Crude Oil on Weaker Exports, Stronger Ringgit
Malaysian palm oil futures slipped on Monday, pulling away from crude oil prices, as weaker exports and a stronger local currency weighed on sentiment.Reversing the previous session's gains, the Bursa Malaysia Derivatives' May crude palm oil contract fell 0.66% to 4,487 Malaysian ringgit ($1,134.94) per metric ton. The June contract dropped by 0.96% to 4,521 ringgit/mt in midday trade.Malaysian shipments for the April 1-25 period reportedly declined 15.7% from a month earlier, according to cargo surveyors cited by Trading Economics.A stronger Malaysian ringgit, which rose against the US dollar by 0.28% on Monday, could further pressure exports as it makes them costlier.The recent drop in Malaysian shipments followed a 29.1% year-over-year rise in Q1 exports, as buyers advanced purchases due to the expected surge in shipping costs and as volumes of rival Indonesian cargoes softened due to higher export levies.Indonesia's move to raise its palm-based biodiesel blending to 50% from 40% beginning July 1 could further lift Malaysian exports going forward.The Malaysia Palm Oil Council said Indonesia's B50 program could absorb an additional 3 million metric tons per year of palm oil. Annual domestic consumption in Thailand could also increase by 350,000 metric tons as the country moves to B7 from B5, while demand in Malaysia could rise by 300,000 mt as the government raises its biodiesel blend to B15 from B10.Rising biofuel demand, elevated crude oil prices, and supply risks from the potential development of an El Nino weather trend will support palm oil prices, with the MPOC projecting them at around 4,500 ringgit/mt in the near term."However, further gains are likely to be capped by softer export demand amid inflation and weaker economic growth in key importing countries, alongside rising stocks as palm oil production gradually enters its seasonal peak," the MPOC said.According to Jim Teh, senior palm oil trader at Interband Group of Co., as cited by Bernama, palm oil prices could trade between 4,200 ringgit/mt and 4,300 ringgit/mt this week due to profit taking.
Insider Trading
Arista Networks Insider Sold Shares Worth $75,944,314, According to a Recent SEC Filing
Jayshree Ullal, Director, Chief Executive Officer and Chairperson, on April 22, 2026, sold 428,000 shares in Arista Networks (ANET) for $75,944,314. Following the Form 4 filing with the SEC, Ullal has control over a total of 17,551,927 common shares of the company, with 9,917 shares held directly and 17,542,010 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1596532/000159653226000068/xslF345X05/edgardoc.xml
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Commodities
Market Chatter: British Columbia Expected to Raise Royalties on Gas Extraction From 2027 in Rule Revision
Canadian provincial government of British Columbia is working on revised royalties for natural gas extraction with proposals that have caused disquiet in the sector, potentially jeopardizing new investments, Bloomberg reported on Friday.Businesses were unnerved about a month ago when a government presentation suggest producers would pay a higher royalty that would be activated if prices rose to a certain level, people familiar with the matter who did not wish to be identified due to the confidentiality of the matter told Bloomberg.The revision took companies by surprise, given that the oil and gas royalty system has already been under review for a few years and because of the fact that companies have already confirmed drilling plans for the next 12 months.British Columbia's Ministry of Energy said in an emailed statement to Bloomberg that the revisions were almost complete and would enter into force on Jan. 1.has contacted the Ministry seeking comment.Canadian Prime Minister Mark Carney has encouraged new liquefied natural gas projects as part of reforms to the economy, the article said.While all of Canada's gas exports went to the US in 2023, the country began shipping LNG to Asia in 2025, diversifying away from the US after President Donald Trump's threats of tariff impositions.The CEO of the Calgary Chamber of Commerce, CEO Deborah Yedlin, wrote in a newspaper opinion piece recently that the province had embarked on a "royalty grab" that could jeopardize planned LNG projects near to final investment decision, the Bloomberg article said.It noted that discussions between British Columbia government representatives and energy companies have eased some of the latter's concerns, but not all of them.One LNG project planned, but not yet in existence, and which could be affected by royalty changes, is LNG Canada's second phase which would double its capacity to about 28 million metric tons per year. LNG Canada is backed by Shell (SHEL) and others.British Columbia's Energy Ministry said any new system would be more transparent and in keeping with today's market dynamics and strike a balance between the success of business and the province.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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