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Yemeni Houthis say they hit Saudi oil facility in drone, missile attack
DUBAI (Reuters) - Yemeni Houthi forces hit a large oil facility in the southern Saudi Arabian city of Jizan in drone and missile attacks overnight, a Houthi military spokesman said on Monday.
Oil price settles higher on improving US gasoline demand
NEW YORK: Oil prices settled higher on Wednesday as U.S. gasoline consumption showed signs of a recovery, but price gains were limited by rising crude inventories and an increase in coronavirus infections.
CGS-CIMB Research ups Dialog target price to RM5.23
KUALA LUMPUR: Dialog Group’s RM100mil investment to expand its Langsat tank terminal capacity, which was faster than CGS-CIMB Equities Research’s forecast, has prompted the research house to maintain its Add call and sum-of-parts target price of RM5.23. Last traded price was RM3.73.
Lost in oil rally: US$2 trillion-a-year refining industry crisis
ROTTERDAM: Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: petroleum, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in pain like never before.
Australia’s oil refineries hit by coronavirus impact
Canberra sees industry’s survival key to fuel security
U.S. seeks to seize gasoline in four Iran tankers bound for Venezuela
WASHINGTON (Reuters) - U.S. prosecutors filed a lawsuit to seize the gasoline aboard four tankers that Iran is trying to ship to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two U.S. foes.
Explosion at Astron Energy's South African refinery kills at least two - source
CAPE TOWN (Reuters) - An explosion on Thursday at Astron Energy's South African refinery in Cape Town has killed at least two people and injured several others, a source who works at the 100,000 barrel per day plant told Reuters.
Oil rises over 1% on US crude stockpile draw, manufacturing activity
NEW YORK:Oil prices rose more than 1% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains.
Saudi Aramco’s dividend math doesn’t quite add up
IT’S the mother of all payouts. The US$75bil that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders.
China's industrial firms see profits surge
SHANGHAI: Profits at China’s industrial firms rose for the first time in sixth months in May, suggesting the country’s economic recovery is gaining traction and brightening the outlook for manufacturing investment and jobs.