Business
Aramco will keep borrowing, CEO says, 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…
Tag
Oil
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Oil gains on short-covering, nuclear talks
Oil prices gained on Friday (May 23) as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the…
Business
South Sudan on edge as Sudan’s war threatens vital oil industry
South Sudan relies on oil for more than 90 percent of its government revenues, and the country depends entirely on Sudan to export the…
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Chevron seeks big oil and gas blocks in Indonesia
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas [TANGERANG, Indonesia] US oil major Chevron is…
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Amazonian communities in Peru rejoice as plan for oil drilling on ancestral land stalls
Peru 's state-run oil company failed to attract any bids to develop an oil field that overlaps ancestral territories of several Indigenous…
Business
IEA predicts slower oil demand growth for the rest of 2025
The International Energy Agency (IEA) said on Thursday (May 15) that economic headwinds combined with record sales of electric vehicles…
Business
Oil prices rise 3% on support from US-China trade hopes
Oil prices rose around 3 per cent on Thursday (May 8), buoyed by hopes of a breakthrough in looming trade talks between the US and China,…
Business
Big Oil isn’t budging on output as Opec+ supply hike looms
The largest western oil producers are mostly sticking with their growth plans for now, despite a 16 per cent decline in crude prices…
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Oil posts biggest weekly loss in a month ahead of Opec+ meeting
Oil prices fell more than 1 per cent lower on Friday (May 2) and recorded their biggest weekly losses since the end of March, as traders…
Business
Oil prices settle up on weaker US dollar, mixed economic news
Oil prices edged up on Thursday (Apr 24) as investors weighed a weaker US dollar, potential Opec+ output increase, mixed economic news,…
Business
Local media report taken out of context in misleading posts about crude palm oil tax
Malaysia has no plans to implement a tax on crude palm oil in the near future, its finance ministry told AFP, rebutting social media posts…
Business
Oil dives 7% to lowest in over three years on China’s tariffs
Oil prices plunged 7 per cent on Friday (Apr 4) to settle at their lowest in over three years as China ramped up tariffs on US goods,…
Business
ExxonMobil signals higher oil, gas prices will help boost Q1 profit
EXXONMOBIL signalled on Thursday that higher crude oil and natural gas prices as well as stronger oil refining margins will help lift its…
Business
Ex-Shell boss tasked with cleaning up Nigeria's oil sector
Nigeria's president has appointed Bayo Ojulari - a former Shell executive - to lead the state-owned oil company, as part of sweeping…
Business
Oil slips on recession fears but posts third weekly gain
Oil prices fell on Friday (Mar 28) on worries that US tariff wars could spark a global recession, but gained for a third consecutive week…
Business
Malaysia’s palm oil giant FGV expects higher profit margins in 2025
MALAYSIAN palm oil planter FGV Holdings said on Friday (Feb 28) it expected higher profit margins in 2025, boosted by improved…
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China’s oil teapots rocked by tax rules that threaten closures
CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the…
Business
Oil settles down US$2, posting weekly loss as Middle East risk premium fades
OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle…
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Oil clean-up 'scam' warnings ignored by Shell, whistle-blower tells BBC
A BBC investigation has uncovered allegations that energy giant Shell has ignored repeated warnings that a controversial clean-up…
Beauty
From Moisturizing Perfume to $180 ‘Zen’ Facial Oil — Here Are the Need-to-know Q1 Skin Care Launches
With a slew of active-packed products — some of which purport benefits that go beyond the topical, à la Neuraé — hitting the market, WWD…
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Satellite photos show North Korea expanding major seaport
New satellite imagery suggests North Korea is expanding a key port, with analysts pointing to recent additions that could increase the…
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Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business
ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that's previously…
Business
A new Syrian government struggles to reset its corrupt, besieged economy
ALEPPO, Syria — To understand the shakedown empire that was once Syria under former President Bashar Assad, consider the notorious…
Business
Aramco chief expects additional oil demand of 1.3 million bpd this year - The Business Times
Oil demand this year will approach 106 million barrels per day after averaging about 104.6 million barrels per day in 2024 SAUDI oil giant…