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DUBAI: The slump in demand for crude during the Covid-19 pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come.
NEW YORK: Oil prices rose more than 2% on Tuesday, supported by expected supply disruptions from a hurricane approaching the Gulf of Mexico and an oil worker strike in Norway
PETALING JAYA: The worst could be over for the oil and gas sector and stock-picking within this industry could become viable again, according to Kenanga Research.
Singapore: Singapore’s annual liquefied natural gas (LNG) bunkering capacity is expected to hit 1 million tonnes by 2021, as the world’s largest marine refuelling hub transitions toward cleaner shipping fuels, a senior minister of state said on Tuesday.
LONDON: Oil prices gained on Tuesday amid supply disruptions in Norway, a new hurricane in the Gulf of Mexico, and U.S. President Donald Trump's return to the White House after being treated for COVID-19 in hospital.
NEW YORK: Oil prices climbed more than 5% on Monday after U.S. President Donald Trump said he will leave the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike.
HONG KONG: Hong Kong's benchmark Hang Seng index closed higher on Monday, tracking strength in overseas markets fuelled by upbeat White House reports of U.S. President Donald Trump's health.
SINGAPORE: Oil prices rose about 2% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.
OSLO: Norwegian oil workers expanded their ongoing strike on Monday, the Lederne labour union said, in an escalation expected by energy firms to shut oil and gas production at up to six offshore fields.
HOUSTON: Noble Energy Inc shareholders approved the company’s acquisition by Chevron Corp, cementing one of the US oil industry’s biggest transactions this year.