Bloomberg Indonesia, the world’s largest palm-oil producer, has cut the cost assumption of converting crude palm oil into biodiesel by 20% to $80 per metric ton, according to the Energy and Mineral Resources Ministry. The revision, effective this month, is needed to ensure the mandatory program to blend 30% of palm-biofuel with 70% gasoil, known as B30, continues even as …

Bloomberg Crude oil led a recovery in China’s energy imports, rising to a record and feeding a rebound in industrial and consumer activity as restrictions to stop coronavirus infections ease. Imports rose to 47.97 million tons in May, or 11.3 million barrels a day, according to customs data. Ship-tracking data show tanker arrivals last month rose to pre-virus levels, as …

Bloomberg The US dollar’s bearish turn has opened the floodgates into emerging markets, helping currencies to get on board a rally so far driven by equities and bonds. The MSCI gauge for emerging-market exchange rates had the best weekly advance in more than four years and is flashing indicators of further gains. That’s helped to add at least $1 trillion …