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Business 22 May 2019 | 11:42 PM

Oil prices fall on surging US. stockpiles, economic concerns(Update)

SINGAPORE: Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries.

Commodities 20 Apr 2018 | 10:52 PM

Oil recovers after sliding on Trump tweet criticizing OPEC

NEW YORK: Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump's criticism of OPEC's role in pushing up global oil prices.

Business 13 Oct 2017 | 7:39 AM

Oil rises on tighter US market, strong China imports

SINGAPORE: Oil prices rose on Friday as both US crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil import data also supported crude prices, traders said.

Markets 28 Aug 2017 | 10:49 PM

Harvey's rains shut in more U.S. refineries, sending fuel prices higher

HOUSTON: U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 percent of the country's refining capacity offline after Tropical Storm Harvey flooded plants and shut seaports.

Business 22 Jul 2017 | 12:00 AM

Treasury Pulse

HOW low can the dollar go?

Business 30 May 2017 | 12:00 AM

SPR sukuk gets preliminary AA3/stable rating

KUALA LUMPUR: RAM Ratings has assigned a preliminary rating of AA3/stable to SPR Energy (M) Sdn Bhd’s proposed RM580mil senior sukuk Ijarah.

Business 23 May 2017 | 8:00 PM

Trump budget proposes deep cut to US oil stockpile

NEW YORK: President Donald Trump’s budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America’s shale boom has lessened the need for an emergency stockpile.

Commodities 23 May 2017 | 3:02 AM

Oil prices fall early Tuesday as White House proposes US oil reserve sales

SINGAPORE: Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves in his budget plan, just as producer club OPEC and its allies are cutting output to tighten the market

Business 11 Jan 2017 | 12:00 AM

Oil recovers some previous losses on planned output cut

SINGAPORE: Oil edged up on hopes that some planned output cuts agreed by the Organisation of the Petroleum Exporting Countries (Opec) and other producers would be implemented, recovering some ground from losses the previous day over doubts the reductions would rebalance an oversupplied market.