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SINGAPORE: Oil prices fell on Monday after China's third-quarter economic growth rose came in weaker than expected, underscoring concerns that surging coronavirus cases globally are impacting demand in the world's largest oil importer.
KUALA LUMPUR: Yinson’s share price fell to a low of RM4.88 in early Monday trade after Petrobras has decided to postpone the Parque Das Baleias (PDB) project by one year, pushing back the first oil production to 2024.
LONDON: Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions.
DUBAI: More than a decade ago, Gulf Arab nations struggled to preserve their currency pegs as the US dollar went into retreat. This time, the link to a sliding greenback may give reassurance.
THE Covid-19 pandemic has undoubtedly changed the outlook for the oil market.
KUALA LUMPUR: As the political scenario heats up and the Covid-19 pandemic continues, market sentiment remained cautious on Bursa Malaysia except for selected counters like Mah Sing and FGV Holdings due to recent corporate announcements.
MANILA: Philippines President Rodrigo Duterte has lifted the moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume, including a possible joint venture with China.
No reason to slow efforts in promoting Malaysia as a second home (MM2H)
BEIJING: Offshore oil and gas major China National Offshore Oil Corp (CNOOC) has pledged to spend 3% to 5% of its annual budget on the offshore wind power sector after its first offshore wind power project was connected to the grid and began generating power recently.