Tag: Oil
PETRONAS inks MoU with Philippines’ Phoenix Petroleum
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...
Crude oil prices stay muted in 1H amid altered oil flows tracking Ukraine war
Dated Brent prices are expected to remain relatively flat in the first half of 2023. On ample inventories despite persistent supply risks. With an...
Oil prices climb after Opec+ keeps output cut targets, China eases Covid curbs
As a result of OPEC+ countries maintaining their output objectives in advance of a European Union ban. The start of a price restriction on...
Boustead Plantations expects continued volatility in palm oil prices
KUALA LUMPUR: Boustead Plantations Bhd stated that due to high stock levels in Malaysia and Indonesia, palm oil prices are projected to be highly...
Oil prices ease on symbolic OPEC+ output cut
SINGAPORE: OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy. Underlining their unhappiness as recession...
Biden waiving the ethanol rule in a bid to lower gasoline prices
MENLO, Iowa USA: With inflation at a 40-year high, President Joe Biden journeyed to corn-rich Iowa on Tuesday. To announce a modest step aimed...
Congress votes to suspend Russia’s trade status, enact an oil ban
WASHINGTON USA: Congress voted overwhelmingly to suspend normal trade relations with Russia and ban the importation of its oil. Ratcheting up the U.S. response...
Guyana OKs Exxon’s $10B Yellowtail offshore oil project.
GEORGETOWN, Guyana: Guyana’s government has granted permission for U.S. supermajor ExxonMobil to develop a fourth offshore oil and gas field. The company said it...
Ukraine accuses Russia of the massacre, a city strewn with bodies.
BUCHA, Ukraine: Bodies with bound hands, close-range gunshot wounds, and signs of torture lay scattered in a city on the outskirts of Kyiv. After...
Activists stage global climate protest, slam Ukraine war.
Berlin Germany: Climate activists staged the 10th series of worldwide protests. To demand that leaders take stronger action against global warming. With some linking...
