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RIYADH (Reuters) - Saudi Arabia will take appropriate steps to respond to an attack on its oil facilities if, as expected, a Saudi investigation confirms that Iran is responsible, a senior official said on Saturday.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a profit-taking mode of between RM2,020 and RM2,080 per tonne next week, said a dealer.
NEW YORK: Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.
CAIRO (Reuters) - Yemen's Iran-aligned Houthis will stop aiming missile and drone attacks at Saudi Arabia if a coalition targeting Yemen does the same, a Houthi official said on Friday, nearly a week after the Houthis claimed a strike on Saudi oil facilities.
HAVANA (Reuters) - Cuba is deploying oxen to replace tractors, using wood instead of gas at many state bakeries and advising citizens to save electricity by making the most of daylight as it grapples with an acute fuel shortage amid U.S. sanctions.
Renewable energy seems to be the buzzword these days. Everybody have a view on renewable energy, whether it is solar, bio-diesel or hydro. They all seem to think that it is good that Malaysia is talking about renewable energy in a big way.
The drone attacks on major oil installations in Saudi Arabia early this week caused panic in the global oil markets. But the price surge that followed didn’t last long.
MNC Wireless Bhd (MNC) has signed its fourth memorandum of understanding (MoU) in three years with latest involving the film industry this week.
An unexpected disruption to the world’s global supply of crude oil sent investors on a flurry of speculation in the week’s opening gambit, taking the attention away from policy decisions by major central banks that had been slated to be the focus.