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