News
US lifts import ban on Malaysian palm oil firm FGV Holdings
The United States has lifted a ban on Malaysian palm oil firm FGV Holdings, after finding that the company had taken sufficient action to…
Tag
Oil
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…
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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…
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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…
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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…
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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
Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus
The Organization of the Petroleum Exporting Countries pumped 28.4 million barrels per day last month Oil prices rose 2 per cent on Friday…
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…
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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…
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US seizes Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
The US seized a Russian-flagged oil tanker that was being shadowed by a Russian submarine on Wednesday (Jan 7), after a more than…
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 settles up over 2% on dented peace hopes in Ukraine, tensions in Yemen
Strong Chinese waterborne crude imports are also helping tighten oil markets, said UBS analyst Giovanni Staunovo Oil prices settled more…
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…
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Oil rises as investors weigh outcome of Trump-Zelensky meeting
Oil prices rose on Monday (Dec 29) as investors weighed the outcome of talks between the US and Ukrainian presidents on a potential deal…
Business
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
Oil prices settled more than 2 per cent lower on Friday (Dec 26) as investors weighed a looming global supply glut, while also keeping an…
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…