Oil players facing a tough period


THE crude oil saga continues to be a sizzling one, with everyone keeping a keen eye on its collapsing prices. This week saw United States crude oil prices falling below zero for the first time in history.

The world’s most important commodity is losing its value due to severe oversupply and barely enough demand to support it, as almost half of the world’s population are in some kind of lockdown.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Sapura Energy , Petronas , MIDF , Yinson , capex , Brent , US crude oil

   

Next In Business News

China's factory, services activity growth slows in April
Samsung first-quarter profit up 10-fold on memory chip recovery
Ringgit opens slightly lower against US$ ahead of FOMC meeting
MKHOP makes Main Market debut at 63c/share
Growth momentum continues on Bursa
Wall St notches gain; yen surges, intervention suspected
Trading ideas: KLK, Capital A, AAX, UOA, YTL Hospitality, Malakoff, Sapura Energy, Oppstar
New accounting software not needed for e-invoicing
Govt promotes construction of social housing
AIA new business value soars 27%, adds US$2bil to buybacks

Others Also Read