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PETALING JAYA: Petronas Dagangan Bhd (PetDag) saw its net profit jump 23-fold to RM82.14mil for the second quarter ended June 30, 2021 from RM3.51mil in the corresponding quarter a year ago.
NEW YORK: As Opec and its allies prepare for another decision on oil output, the producers believe their defiantly cautious approach is paying off.
S&P Global Platts Analytics on March 17 published its 100th issue of the Coronavirus Dashboard for Energy Demand -- not a celebratory statistic by any measure, and one made worse by the fact that the pandemic’s grip on the world continues.
Oil prices are rebounding thanks to an extended Opec+ production cut, a surge in demand as economies recover from the coronavirus pandemic, and the beginning of a supply reaction from a year of both diminished production and inventory draw-downs.
DUBAI: The Organisation of the Petroleum Exporting Countries (Opec) sees a generally positive oil market outlook with last year’s uncertainty easing, but downside risks caused by the pandemic persist, the group’s secretary general and its experts have said.
SINGAPORE: Oil prices rose on Wednesday as signs of progress in the COVID-19 vaccine rollout in the United States, the world's biggest consumer, raised demand expectations.
KUALA LUMPUR: AmInvestment Research is maintaining its overweight call on the oil and gas sector with eight buy calls and one hold following the release of their corporate results recently.
Demand likely on recovery path due to aggressive vaccine programmes
TOKYO (Reuters) - Japanese automaker Subaru Corp has cut its production plan for this fiscal year by around 58,000 vehicles, mainly due to a global chip shortage, it said on Friday.
HONG KONG (AFP): Most Asian markets built on the week's rally Wednesday (Feb 3), boosted by US stimulus hopes and signs of easing virus infections as well as improvements in vaccination programmes.