New environmental issues in the new norm, says PM at Hibiscus Awards

Chinese banks, Australia's Macquarie tiptoe into Asian oil finance void

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.

Oil price rises after data shows slump in US output amid Texas freeze

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

Petrobras shares slump as Bolsonaro slams policies

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.

Saudi Arabia, Russia differ on strategy before Opec+ meet

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.

Oil extends losses as Texas prepares to ramp up output after freeze

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.

Outlook for KLK remains promising

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.

Norway oil firms raise 2021 investment plans

Oil steady amid Texas supply disruptions, potential OPEC+ moves

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.

Oil price settles near 13-month highs

NEW YORK: Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas.