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AseanPlus News

Oil prices rise, set for third weekly gain

SINGAPORE: Oil prices climbed in Asia on Friday, heading for their third weekly gain after OPEC said it was open to fresh talks on freezing output despite the failure to reach a deal at the weekend.

World

Oil prices fall as Venezuela says market is 10 percent over supplied

SINGAPORE (Reuters) - Oil prices fell on Tuesday after Venezuela said that global crude supplies needed to fall by 10 percent in order to bring production down to consumption levels, confirming analyst views that markets remain heavily over supplied.

World

Markets in free fall as Trump moves into lead

HONG KONG: Markets went into free fall Wednesday and the Mexican peso tanked as Donald Trump appeared to be moving into the lead in the race for the White House.

World

Non-OPEC oil states agree to cuts in 'historic' deal

VIENNA: Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world’s glut of crude and reverse a dramatic fall in income.

World

U.S. considering some sanctions on Venezuela oil sector - sources

WASHINGTON (Reuters) - The Trump administration is considering imposing U.S. sanctions on Venezuela's vital oil sector in response to Sunday's election of a constitutional super-body that Washington has already denounced as a "sham" vote, U.S. officials said.

World

Instant View: U.S. withdraws from Iran deal

(Reuters) - The United States will withdraw from the Iran nuclear pact negotiated in 2015 and re-impose sanctions it had previously withdrawn, President Donald Trump said, calling the deal "defective" at its core.

World

Can Saudi Arabia pump much more oil?

LONDON(Reuters) - The leader of Saudi Arabia has assured U.S. President Donald Trump that the Kingdom can raise oil production if needed and the country has 2 million barrels per day of spare capacity that could be deployed to help cool down oil prices to compensate for falling output in Venezuela and Iran.

World

Unrest intensifies in Iraq as Iranian consulate and oil facility stormed

BASRA/ERBIL, Iraq (Reuters) - Civil unrest fuelled by anger against perceived corruption and misrule by Iraq's political elite intensified across the south of the country on Friday, as protesters stormed the Iranian consulate in Basra while others briefly took workers hostage at a nearby oilfield.

World

Trump calls Saudi's King to discuss oil supplies

DUBAI (Reuters) - U.S. President Donald Trump called Saudi Arabia's King Salman on Saturday and they discussed efforts being made to maintain supplies to ensure oil market stability and global economic growth, Saudi state news agency SPA reported.

Nation

Govt will recalibrate 2019 budget if oil price dips below US$50, says Guan Eng

GEORGE TOWN (Bernama): The government will only recalibrate the 2019 Budget if average crude oil price dip below US$50 (RM210) per barrel, says Finance Minister Lim Guan Eng.