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CPO prices drop further

PETALING JAYA: As crude palm oil (CPO) prices continue to slide, pressured by rising stockpiles and production as well as slowing exports, analysts warn that plantation players will be hit going into the fourth quarter.

Stake sale ‘huge positive’ for Sapura Energy

PETALING JAYA: Sapura Energy Bhd’s move to sell a 50% stake in its oil and gas (O&G) exploration and production (E&P) arm to an Austrian giant has been well-received by analysts.

Leaner operations: Sapura Energy’s Sapura Diamante vessel. MIDF Research expects Sapura Energy’s forward earnings to improve further, in particular from savings in operating expenses.

In the race to fill LNG supply gap, project goalposts have changed

LONDON: The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate.

In OPEC heartland, billions are spent to boost oil capacity

DUBAI: OPEC members may be weighing oil production cuts again, worried that a slowing global economy will undermine prices, but in the group’s Middle East heartland producers are spending billions to add output capacity for the long term.

IHH, Maybank drag KLCI below 1,700 at close

KUALA LUMPUR: Foreign funds stepped up their selling pressure on Bursa Malaysia and sent the FBM KLCI to close below the crucial 1,700 on Monday, with IHH Healthcare, Maybank and Tenaga Nasional among the losers.