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RISING global oil prices amidst increasing Covid-19 vaccination rates and anticipated higher world economic growth rates in 2022 are brightening the outlook for Malaysia’s oil and gas sector, say research analysts.
Asian shares were mixed on Friday after a hodge-podge of economic data led Wall Street to close mostly lower.
Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected.
HONG KONG: Falls in Chinese property stocks pushed Asian shares down for a fourth day on Thursday, reversing initial gains, while the dollar was in the doldrums floating within its recent range.
SINGAPORE: Exports of Malaysia's flagship crude oil Kimanis will fall in October and November following a production issue at an offshore oilfield operated by Royal Dutch Shell, three sources with knowledge of the matter said.
SINGAPORE: Oil prices climbed on Thursday, extending the previous day's solid gains after a larger-than-expected drawdown in crude oil stocks in the United States, the world's largest oil consumer.
HONG KONG: Asian shares gave up early gains to fall again on Thursday, weighed by declines in China and Hong Kong, even after a strong lead-in from Wall Street which had also pushed the dollar to the lower end of its recent range.
NEW YORK: Oil prices rose over US$2 a barrel on Wednesday after government data showed a larger-than-expected drawdown in U.S. crude inventories, and on expectations demand will rise as vaccination roll-outs widen.
PETALING JAYA: Fuel prices will remain unchanged from Sept 16 to Sept 22, says the Finance Ministry.
Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world's largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen.