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KUALA LUMPUR: Bursa Malaysia tracked a surge on Wall Street overnight as investors renewed buying in equities on hopes that the worst was over for the Covid-19 pandemic, and even as the demand outlook for crude oil brightened.
KUALA LUMPUR: Petronas will continue to explore opportunities in the Americas region following its first entry and discovery of oil and gas operations in the US Gulf of Mexico.
KUALA LUMPUR: Moody's Investors Service has affirmed the A2 domestic currency issuer and foreign currency senior unsecured ratings of Petroliam Nasional Bhd.
OIL from Russia’s north-eastern coast of Sakhalin to shale formations in the U.S. Permian basin is going cheap as sellers are forced to slash prices in a desperate attempt to attract buyers.
Asian markets looked poised on Tuesday to attempt another day of gains after stocks rallied on signs of a slowdown in coronavirus-related deaths, as oil prices resumed their decline on doubts about a potential Saudi-Russian pact to cut output.
NEW YORK: Oil prices slumped on Monday, pulling back from last week's gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand.
NEW YORK: World stock markets jumped on Monday, encouraged by slowdowns in coronavirus-related deaths and new cases in some global hot spots, while oil prices tumbled again due to a delay in talks between Saudi Arabia and Russia to cut supply.
PETALING JAYA: Despite potential stress ahead, the banking industry remains resilient but risks are still present, said analysts.
DUBAI: The scandal surrounding NMC Health Plc is widening, with United Arab Emirates’ banks disclosing more than US$2bil of exposure and one of its biggest creditors calling for the struggling hospital operator to be put into administration.