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SINGAPORE: Chinese national banks and Australia's Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations.
NEW YORK:Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week
RIO DE JANEIRO: Petrobras shares plunged 22% on Monday, wiping out 71 billion reais (US$13bil) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company’s market-friendly chief executive officer with a retired army general.
LONDON: Saudi Arabia and Russia are once again heading into an Organisation of the Petroleum Exporting Countries Plus (Opec+) meeting on opposite sides of a crucial debate about the oil market.
NEW YORK: Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather and power outages.
KUALA LUMPUR: The outlook for Kuala Lumpur Kepong Bhd (KLK) remains promising, buoyed by its solid upstream operations and strong crude palm oil (CPO) prices.
SINGAPORE: Bullish oil prices marked time on Wednesday, as support from supply disruptions in the U.S. south caused by an Arctic blast was offset by expectations that OPEC+ producers may ease their output curbs after April.