Business
US getting 30% higher price for Venezuelan oil than Venezuela did weeks ago, energy chief says
US Energy Secretary Chris Wright said on Thursday the US is getting a 30 per cent higher price for Venezuelan crude oil than Venezuela got…
Tag
Oil
Unsorted
Oil tanker rates spike as US push into Venezuela redraws flows
The global oil industry is working through the consequences of Washington’s move earlier this month The shipping market is being shaken up…
Unsorted
Oil prices sink more than 2% as Trump remarks calm concern about Iran
Oil prices slid more than 2 per cent in early Asian trade on Thursday after US President Donald Trump said killings in Iran’s crackdown on…
Unsorted
Oil edges up as Iran supply risk counters Venezuela export resumption
Oil prices edged higher on Monday (Jan 12) as escalating protests in Iran sparked concerns about supplies from the Opec producer, while…
Unsorted
Chevron could see US$700 million-a-year boost from Venezuelan oil
Chevron could grow its cash flow by as much as US$700 million a year from increasing oil production in Venezuela as the Trump…
Business
Stocks to watch: China Aviation Oil, Geo Energy
The following companies saw new developments that may affect trading of their securities on Friday (Jan 9): China Aviation Oil (CAO): Its…
Business
China Aviation Oil confirms Sinopec merger with parent CNAF
State administrators have given the nod for the merger following deliberation, says CAO The parent company of China Aviation Oil (CAO)…
Business
US oil companies say they need guarantees to invest in Venezuela: FT
US OIL companies want “serious guarantees” from Washington before they make large investments in Venezuela, as President Donald Trump…
Business
ExxonMobil signals lower oil prices could hit fourth-quarter upstream profit
US OIL major ExxonMobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about US$800…
Unsorted
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels Chinese…
Business
Asian shares edge lower as global tensions climb, crude oil slumps
Crude futures slid and resource shares climbed in Asian trading as markets absorbed the impact of political upheaval in Venezuela and the…
Business
China’s Hengyi pushes ahead with Brunei oil refinery expansion
China’s Hengyi Petrochemical will embark on a long-planned expansion of its Brunei oil refinery, more than doubling its capacity in the…
Business
Asian stocks extend record rally while oil, dollar drift
Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped…
Business
Saudi Arabia cuts flagship oil price to Asia for a third month
The International Energy Agency has forecast a glut of about 3.8 million barrels a day for this year Saudi Arabia dropped the price of its…
Business
China vows to stabilise grain, edible oil production in key meeting
Beijing seeks food security in the face of economic challenges and pressures from urbanisation China must stabilise grain and edible oil…
Business
Oil gains as investors weigh Middle East tensions
Oil prices rose in early Asian trading on Monday (Dec 29) as investors weighed Middle East tensions that could disrupt supply, while a…
Business
Oil rises as market weighs Venezuela supply risks
Brent and WTI prices are on track to drop about 16% and 18%, respectively, this year Oil prices climbed on Friday (Dec 26) after the US…
Business
China's CNOOC makes second big oil find in Bohai Sea
China’s oil major CNOOC Limited said on Wednesday (Dec 24) it has discovered an oilfield with proved in-place volumes exceeding 100…
Business
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people…
Unsorted
Oil loading in Venezuela slows, more ships make U-turns after new US interceptions
TANKER loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following US action against…
Unsorted
Oil prices gain on US interception of oil tanker off the coast of Venezuela over weekend
OIL prices climbed in early trade on Monday after the US intercepted an oil tanker off the coast of Venezuela in international waters.…
Business
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil market has…
Business
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara An Indonesian government task force…
Business
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift…