Business
Wilmar to buy over Nigeria-incorporated palm oil business from British JV partner for US$70 million
Wilmar International is buying the remaining stake it does not already own in a Nigeria-incorporated palm oil business from its…
Tag
Oil
Business
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…
Business
Malaysia’s oil giant Petronas looks abroad to help cut production costs
Petroliam Nasional (Petronas), Malaysia’s state-owned oil and gas company, is looking to expand output from more affordable assets abroad…
Business
Some SGX-listed energy stocks surge as oil prices rally on Israel-Iran conflict
Shares of oil and gas companies listed on the Singapore Exchange (SGX) such as Rex International and RH PetroGas rose by more than 6 per…
Unsorted
Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions
Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating…
Unsorted
Oil prices climb as Israel-Iran conflict heightens supply disruption fears
Oil prices climbed in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that…
Business
Oil market, long numb to war risk, confronts weekend of worry
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil…
Business
Wall Street Slips as Iran-Israel Conflict Sparks Oil Rally and Market Jitters
Investor enthusiasm for stocks waned on Friday as geopolitical tensions resurfaced, driving all three major U.S. indexes into the red.…
Business
Oil settles up 7% as Israel, Iran trade air strikes
Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that…
News
Oil Soars Nearly 7% on Israel-Iran Strikes, Stirring Middle East Supply Worries
With tensions escalating and concerns mounting over a broader war in the Middle East, oil prices surged nearly 7% on Friday after Israel…
Business
Middle East tensions hit Asian and Asean markets; oil and gold prices spike
A wave of geopolitical panic swept across Asian markets on Friday (Jun 13), after Israel launched strikes on Iran’s nuclear and military…
Business
Asian Markets Sell Off as Middle East Tensions Spike and Oil Prices Surge
Asian traders woke to a nervous open on Friday after oil surged and Wall Street futures sank following reports that Israel had carried out…
Business
Oil soars more than 9% after Israel strikes Iran, rattling investors
OIL prices surged more than 9 per cent on Friday, hitting their highest in almost five months after Israel struck Iran, dramatically…
Business
Oil Prices Hit 7-Week High on US-China Trade Optimism and Tightening of Supplies
Oil prices rose to nearly their highest level in two months on Wednesday. The rally followed news that U.S. President Donald Trump had…
Business
Oil Prices Rise on US-China Talks and Saudi Supply Cuts, but Iran Threatens Future Stability
Oil prices climbed more on Tuesday, amid continuing trade negotiations between the U.S. and China and a decrease in crude shipments from…
Business
Oil Prices Firm Ahead of U.S.–China Trade Talks as Market Eyes Supply and Demand Signals
A cautious sense of optimism returned to oil markets on Monday. As talks between the world's two largest economies resumed, traders began…
Business
Oil prices hold gains ahead of US-China trade talks
Inflation data from China on Monday morning will give a reading of domestic demand in the world’s largest crude importer Oil prices held…
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Oil Prices End Week Higher as US–China Talks Lift Outlook
Oil prices edged lower on Friday but ended the week with their first gain in three weeks. Brent crude dipped 28 cents, or 0.4%, to $65.06…
Business
Oil Prices Hold Steady as U.S. Fuel Stocks Rise and Saudi Arabia Cuts Crude Rates
After a turbulent opening to the week, oil markets had a bit of a breather on Thursday. Investors, who are still processing a jumble of…
Business
Big Oil Gets Slapped With Its First Wrongful Death Lawsuit
Third, there are piles of internal strategy memos and external materials outlining the massive disinformation campaign these companies…
Business
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
Business
OPEC+ Maintains Oil Production Increase as Prices Soften and Market Awaits Demand Recovery
With international oil markets facing price pressure and economic instability, OPEC+ has remained committed to gradually restoring supply.…
Business
Oil finishes down on possible OPEC+ output hike
US crude futures fell on Friday (May 30) as traders expected Opec+ would decide on Saturday to boost oil output for July beyond previous…
Business
Aramco CEO will keep borrowing even as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser…