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Business 06 Nov 2015 | 12:00 AM

Indonesia to process more of its crude oil

JAKARTA: Indonesia’s state-owned energy firm Pertamina plans to process more domestic crude oil in a bid to limit the impact on the country of declining production, a plight that is also affecting oil-rich neighbours Malaysia and Brunei.

Business 04 Feb 2015 | 8:04 AM

World's largest independent storage company to start crude oil storage site in M'sia

SINGAPORE: World's largest independent storage company Vopak will start operations at the first commercial crude oil tank farm in southeast Asia in March, a top company official said on Tuesday.

Business 18 Jun 2019 | 6:19 AM

Expected crude oil price rebound positive for oil, gas sector

KUALA LUMPUR: The forecasted rebound in global crude oil prices is positive for Malaysia's upstream sector as it will revive the industry appetite in exploration and development projects.

Business 13 Nov 2018 | 12:00 AM

Crude oil market completes U-turn as Saudis signal price discontent

WHAT a difference a month can make. The crude oil market has gone from worrying about not having enough supply to fretting that prices are being overwhelmed by a glut.

World 23 Jul 2017 | 9:48 AM

Indian gang held for stealing 50 million litres of crude oil

NEW DELHI: Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million litres of crude oil inside water tankers from India’s largest onshore oilfield, an official said Sunday.

Business 15 Oct 2015 | 12:00 AM

Crude oil extends losses on oversupply

SEOUL: Crude oil futures fell yesterday, extending two days of losses and rattled by concerns about oversupply and slowing demand, with China’s economic growth likely to fall below 7% in the third quarter.

Business 23 Oct 2013 | 8:21 PM

Petronas’ new Malaysian crude oil official selling price

KUALA LUMPUR: Petroliam Nasional Bhd will implement a new Malaysian Crude Oil Official Selling Price with effect from Jan 1, 2014.

Commodities 28 May 2014 | 4:14 PM

China targeting 2014 launch of first crude oil futures

SHANGHAI: China is aiming to launch its first crude oil futures contract this year, the vice chairman of the securities regulator said on Wednesday, a move that would give the world's second largest oil consumer greater influence in global pricing.

Business 20 Aug 2018 | 10:02 AM

Crude oil could hit US$100 a barrel by year-end

KUALA LUMPUR: Crude oil price could potentially reach US$100 per barrel by year-end or early 2019 due to a significant reduction in Iranian output and lower spare capacity due to geopolitical risks, said global information provider IHS Markit today.

Business 01 Mar 2016 | 2:53 AM

Malaysian crude oil OSP set at $37.08 for February

SINGAPORE: The official selling price of a basket of Malaysian crude oil for February-loading has been set at $37.08 a barrel, state-owned Petronas said on Tuesday.