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PHNOM PENH (The Phnom Penh Post/ANN): KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of the Singapore-based oil and gas exploration company.
NEW YORK:Oil prices pulled back on Monday after touching two-year highs on expectations of improved demand and OPEC producers keeping supply curbs in place.
Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week's talks between Iran and world powers over a nuclear deal that is expected to boost crude supplies.
The FTSE Bursa Malaysia (FBM KLCI) is expected to trade sideways this week with the level of resistance located at 1,600 to 1610 points.
TORONTO: Canada's main stock market index closed above 20,000 on Friday for the first time, extending a sharp rebound from its low last year during the COVID-19 crisis as higher commodity prices bolstered the shares of resource companies.
WHILE the Dollar Index (DXY) was muted at the start of the week, firmer bids were seen towards the end of the week, closing at two weeks high of 90.51 or up 0.53% week-on-week (w-o-w).
TOKYO: Most Asian stocks fell on Friday, dragged by the technology sector as signs of a firming U.S. economy stoked worries about higher inflation and an earlier withdrawal of Federal Reserve stimulus.
SINGAPORE: Oil prices recouped early losses and steadied on Friday as concerns about the patchy roll-out of COVID-19 vaccinations around the globe tempered optimism over recovering fuel demand.
SUFFICIENT spare capacity and more agile market monitoring appears to have given OPEC+ the confidence to take a more gradual approach to boosting oil supplies, despite warnings that it risks over-tightening the market as demand rebounds. Sufficient spare capacity and more agile market monitoring appears to have given OPEC+ the confidence to take a more gradual approach to boosting oil supplies, despite warnings that it risks over-tightening the market as demand rebounds.