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Oil price settles mixed amid post-storm uncertainty
NEW YORK: Oil prices settled near year-long highs on Tuesday on signs that global coronavirus restrictions were being eased, although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check.
Brent oil may hit US$75 as supply response trails demand
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.
Oil prices, vaccine plans lift Bursa sentiment
KUALA LUMPUR: The FBM KLCI tracked US markets higher as the latter rose for a sixth straight session amid the accelerating delivery of Covid-19 vaccines.
Brent reaches US$60 per barrel
Demand likely on recovery path due to aggressive vaccine programmes
DNeX strengthens investment in upstream O&G
PETALING JAYA: Dagang NeXchange Bhd (DNeX) has entered into an agreement to buy an additional 60% of the issued share capital in Ping Petroleum Ltd (Ping) not already owned by DNeX for US$78mil (RM314.3mil)
2021 is about the 3Es
Last week, this column highlighted five key elements that will dictate global markets and of course these global economic factors, which are universal, will also have an impact on the local economy in general and more specifically, the financial markets.
Roundup: Market fundamentals don't support current oil prices
NEW YORK, Dec. 16 (Xinhua) -- The recent increase of crude oil futures prices to the highest level since early March was mostly driven by upbeat sentiment around COVID-19 vaccines but not market fundamentals, according to multiple research institutions and firms.
Slow and gradual recovery for O&G industry
PETALING JAYA: Local oil and gas (O&G) service providers’ earnings could be impacted from the low activity level in the industry as Petroliam Nasional Bhd (Petronas) tightens its spending and delays some of its projects, according to analysts.
GLOBAL LNG-Asian spot prices rise on oil surge and heating demand
RIO DE JANEIRO/SINGAPORE: Asian spot prices for liquefied natural gas (LNG) rose this week, driven by a surge in oil prices and a potentially colder start to winter and higher heating demand.
World’s biggest oil firm Saudi Aramco raises US$8bil bond
DUBAI: Saudi Aramco returned to the debt markets for the first time since April of last year, selling US$8bil of bonds to help fund the world’s biggest dividend
