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Crude prices retreat from highs but bumpy road ahead
Crude oil prices have reached a semblance of balance after a meteoric jump last month, when Dated Brent peaked at around US$137.04 per barrel on March 8. Prices are likely to be rangebound in the coming weeks, with bearish factors such as a Middle East-Yemen truce, the release of additional reserves by the US SPR and other members of the International Energy Agency, tempering the impact of short term supply risks due to the ongoing Russia-Ukraine war.
Oil price slides 2% as Iran talks offset Ukraine crisis
NEW YORK: Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages and could unlock more crude supplies, but losses were limited by tension between top energy exporter Russia and the West over Ukraine.
Asian stocks pull back, bond yields drop on reported shelling in Ukraine
TOKYO: Asian stock markets retreated on Thursday after Russian media reported that rebels in eastern Ukraine had accused Kyiv government forces of using mortars to attack their territory.
Brent charges towards US$90 per barrel as Middle East unrest stokes supply disruption
KUALA LUMPUR: The Brent crude price continued with its uptrend to close near US$89 (US$1=RM4.19) per barrel amid possible supply disruption following the latest unrest in the Middle East.
MH 17: Prosecutors seek life terms in Dutch murder trial
Amsterdam: Dutch prosecutors on Wednesday demanded life sentences for three Russians and a Ukrainian charged with murder over the shooting down of a passenger jet over Ukraine in 2014.
Prosecutors start closing arguments in Dutch murder trial over downed MH17 flight
AMSTERDAM: Dutch prosecutors on Monday began their closing arguments in the trial of suspects in the 2014 downing of Malaysia Airlines flight MH17 over eastern Ukraine and said the victims "didn't stand a chance" once a rocket hit the plane
Glencore in talks with Chad over debt restructuring
LONDON: Glencore and a consortium of banks have started talks with Chad over the restructuring of the country’s more than US$1bil (RM4.16bil) commercial debt, according to a letter from the company to the International Monetary Fund (IMF).
'Loss and pain': Families testify at Dutch MH17 trial
AMSTERDAM: A woman whose daughter was among 298 people who died when a Malaysia Airlines jet was shot down over Ukraine said on Friday she wanted to look the suspects in the eye and "make them feel our loss and pain".
MH17 plane crash families prepare for critical trial phase
AMSTERDAM: Families of people who died in the 2014 downing of Malaysia Airlines flight MH17 said they were preparing to hear painful details when a critical stage of a trial over the crash starts on Monday
Platts Market Insight: OPEC+ disregards warnings of looming supply tightness
SUFFICIENT spare capacity and more agile market monitoring appears to have given OPEC+ the confidence to take a more gradual approach to boosting oil supplies, despite warnings that it risks over-tightening the market as demand rebounds. Sufficient spare capacity and more agile market monitoring appears to have given OPEC+ the confidence to take a more gradual approach to boosting oil supplies, despite warnings that it risks over-tightening the market as demand rebounds.
