Business
Exxon to cut 2,000 workers as oil sector job losses mount
ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its…
Tag
Oil
Business
ExxonMobil to cut 2,000 workers as oil sector job losses mount
ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its…
Business
Malaysia's palm oil stocks to drop as output slows and exports rise
A seasonal slowdown in production coincides with rising exports to meet festive season demand Malaysia’s palm oil stocks are expected to…
Business
Oil slips as Kurdistan crude exports resume, Opec+ plans output hike
Oil prices slipped nearly 1 per cent on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend and as…
Business
Oil gains on Ukraine drone attacks cutting Russian supply
Oil prices rose on Friday (Sep 26) as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent…
Business
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first…
Business
World must spend US$540 billion a year looking for oil and gas: IEA
The world needs to spend some US$540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in…
Business
Oil holds gains as investors eye impact from attacks on Russian energy facilities
Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
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Oil gains weighed down by US demand worries
Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains…
Business
Saudi oil giant Aramco raises US$3 billion from Islamic bonds
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11),…
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Opec+ casts shadow on Singapore’s glitzy oil bash as surplus looms
AN EXPECTED move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of…
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Oil prices rise as Opec+ agrees to raise output at slower pace from October
The Organisation has been increasing production since April after years of cuts to support the oil market Oil prices rose on Monday (Sep…
Business
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from…
Business
Opec+ agrees further oil output boost from October to regain market share
[LONDON/MOSCOW] Opec+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share,…
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Oil prices settle down more than 2% after weak US jobs report
Oil prices fell on Friday (Sep 5) as a weak US jobs report dimmed the outlook for energy demand, while swelling supplies may grow further…
Business
China’s chemicals makers reap reward of shift from oil to coal
Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing…
Business
Oil settles higher on weaker US dollar and Russian supply disruptions
Global benchmark Brent crude oil settled 1 per cent higher on Monday (Sep 1), as concerns mounted that intensifying airstrikes in Russia…
Business
Oil holds in tight range, rising output offsets Russia supply disruptions
Oil prices traded in a tight range on Monday as worries about rising output and the impact of US tariffs on demand offset supply…
Business
Oil prices fall with expected low demand, upcoming supply boost
Oil prices fell on Friday (Aug 29) as traders looked toward weaker demand in the US, the world’s largest oil market, and a boost in supply…
Business
Oil edges up on US crude stocks drop, impact of US tariffs on India
Oil prices settled higher on Wednesday (Aug 27) after data showed a larger-than-expected drop in US crude inventories and as investors…
Business
Oil prices climb after Ukraine attacks hit Russian energy sites
[BEIJING/SINGAPORE] Oil prices edged higher on Monday (Aug 25) after Ukraine stepped up attacks on Russia, fanning concerns Russian oil…
Business
Beng Kuang expands into chemical cleaning in oil and gas industry
Beng Kuang Marine has formed a new business for specialised industrial chemical cleaning, the company said in a bourse filing on Wednesday…
Business
Oil prices fall on talks to end Russian invasion of Ukraine
Oil prices fell on Tuesday (Aug 19) as traders bet that talks over a possible agreement to legitimise or end Russia’s invasion of Ukraine…