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THE past year is one that few of us will forget. While the impacts of the Covid-19 pandemic have played out unevenly across Asia and the Pacific, the region has been spared many of the worst effects seen in other parts of the world.
NEW YORK: Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the Opec+ alliance, shale and Iran, according to Goldman Sachs Group Inc.
LONDON: BP's fourth-quarter profit sank to $115 million, missing analysts' forecasts, pummelled by continued weak energy demand due to the coronavirus epidemic and weak trading results.
Part of the problem is the difficulty of extending the central grid to remote areas. The key seems to be decentralised solutions involving renewable resources.
NEW YORK: Oil prices fell on Wednesday, pulling back from recent gains, on concerns that rising global COVID-19 will hamper global fuel demand.
NEW YORK: Oil prices hit their highest level in nearly a year on Friday, gaining 8% on the week, supported by Saudi Arabia's pledge to cut output and strong gains in major equity markets
SAUDI Arabia raised pricing for oil customers in Asia and the U.S. after its shock move this week to cut output sent crude prices climbing.
PETALING JAYA: The outlook for the utility sector is bound to improve this year with the expected increase in energy demand due to a gradual pick-up in economic activity.