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Business

OPEC move positive for regional oil and gas players, says Maybank IB Research

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.

Business

Ringgit slips early Friday on doubts over Opec move

KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday on the back of falling oil prices.

Business

KLCI, Asian markets slip early Friday, track Wall Street fall

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.

Business

Breakfast briefing: Friday, September 30

Breakfast briefing: Friday, September 30

Business

Trading ideas: PRG, Hiap Teck, Lion Corp, Tanjung Offshore

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.

Business

Dagang Nexchange trading at deep discount to IT, oil providers

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.

Business

O&G stocks in focus

Opec agrees to cut oil production, but analysts remain cautious of price sustainability

Business

Oil rises close to $50 but doubts on OPEC plan cap gains

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.

World

Indian worker's suicide in Qatar raises concern over stranded migrants

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.

Business

Petronas to use MISC’s floating vessel with eco-friendly features

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.