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SINGAPORE: Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.
Chip makers and tech-related stocks slipped in early Wednesday trade but strong crude oil prices lifted Petronas-linked stocks while the broader market was mixed.
WASHINGTON: U.S. job openings surged by nearly one million to a new record high in April, while more people voluntarily left their employment, strengthening the view that a recent moderation in job growth was due to supply constraints.
NEW YORK: Oil prices rose on Tuesday, settling at the highest in more than two years after the top U.S. diplomat said that even if the United States were to reach a nuclear deal with Iran, hundreds of U.S. sanctions on Tehran would remain in place
THE bullish shine surrounding commodities may have lost some of its lustre, with imports in May by top buyer China looking unimpressive, and far from levels associated with a new supercycle.
PETALING JAYA: The recent acquisition from Repsol Exploración, S.A. would give Hibiscus Petroleum Bhd a boost in earnings and see a notable impact on its production
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.