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KUALA LUMPUR : Maybank IB Research says that the announcement by the Organisation of the Petroleum Exporting Countries (OPEC) to cut production will boost sentiment towards regional oil and gas service providers.
KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday on the back of falling oil prices.
KUALA LUMPUR: Malaysia’s stock market and key Asian markets fell in early Friday trade, tracking the overnight decline on Wall Street, with Genting Bhd leading the decliners in active trade while Petronas stocks fell in thin trade.
KUALA LUMPUR: JF Apex Research expects PRG Holdings, Hiap Teck Venture Bhd, Lion Corporation Bhd and Tanjung Offshore Bhd to be among the stocks which could see trading action on Friday.
KUALA LUMPUR: CIMB Equities Research has initiated coverage of information technology (IT) company Dagang Nexchange Bhd (formerly Time Engineering Bhd) which is moving into the oil and gas (O&G) sector.
Opec agrees to cut oil production, but analysts remain cautious of price sustainability
NEW YORK: Oil jumped more than 1 percent on Thursday, with Brent nearing $50 a barrel on optimism over OPEC's first planned output cut in eight years, although gains were limited by doubts the reduction would make a substantial dent in the global crude glut.
DOHA (Reuters) - The death of an Indian labourer in Qatar who had complained about not being paid and later committed suicide on a building site has focused attention on migrant workers struggling amid an economic downturn in the Gulf state ahead of the 2022 World Cup.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will employ a floating vessel offshore Sarawak that incorporates a first-of-its-kind technology in the region to allow for higher oil production with lower gas emissions.