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World

Oil prices gain amid positive data

NEW YORK, Aug. 3 (Xinhua) -- Oil prices advanced on Monday as market sentiment was bolstered by a slew of upbeat economic data.

Energy

Asia gasoline profits burn away to nearly nothing

SINGAPORE: Asia’s gasoline refining margins nearly burned up in July, dropping to just above zero in the worst profit performance for refined fuels over the month, as a new wave of coronavirus infections walloped demand recovery and swelled supplies.

Energy

Indonesia allows oil and gas investors to pick their own contracts

JAKARTA: Indonesia announced over the weekend that it had made revisions to a 2017 law that will give oil and gas (O&G) investors more flexibility when choosing their contract options for exploration.

Energy

Genex Power clinches deal from J-Power

SYDNEY: Australia’s Genex Power Ltd said yesterday that Japan’s J-Power would invest as much as A$25mil (US$17.8mil), finalising a deal that secures funding for Genex’s equity component of the Kidston pumped hydro project.