Business
What role should oil and gas companies play in climate tech?
Standing on top of a drilling rig in the backyard of Nabors’s headquarters, I couldn’t stop thinking about the role oil and gas companies…
Tag
Oil
News
Trump is trying to prop up coal, oil, and gas—but the economics of fossil fuel are failing
Since the start of his second presidential term, Donald Trump has hampered the development of new clean energy projects and at the same…
Business
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries Indonesian petrochemical producer Chandra…
Business
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO…
Culture
Oil jumps US$1 after further drone attacks on Iraq oil fields
Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in…
Business
Oil settles down; build in US fuel inventories offsets signs demand growing
Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs…
News
Oil edges up, investors eye Trump statement on Russia
Oil prices nudged higher on Monday (Jul 14), adding to gains of more than 2 per cent from Friday, as investors eyed further US sanctions…
Business
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market was tighter than it appears,…
Business
Opec trims oil demand for next four years
THE Organization of the Petroleum Exporting Countries (Opec) cut its global oil demand forecasts for the next four years on Thursday (Jul…
Fashion
Opec bars five leading news organisations from oil conference
Organization of the Petroleum Exporting Countries (Opec) has excluded five of the world’s leading news organisations from covering its…
Business
Stocks to watch: OCBC, SIA, SGX, GuocoLand, China Aviation Oil, Del Monte Pacific
The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 8): OCBC: The bank aims to extend…
Business
ExxonMobil sees US$1.5 billion earnings hit from lower oil, gas prices
The company “has a much smaller trading organisation than its European peer Shell, and thus was not impacted by the same issues”…
Business
After petrol, China’s oil refiners face a jet fuel glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with…
Fashion
Opec’s new supply shock nails on oil market’s return to surplus
The latest oil supply shockwave unleashed by Organization of the Petroleum Exporting Countries and its partners (Opec+) is set to swell a…
Business
Oil falls slightly ahead of expected Opec+ output increase
Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the…
News
Major Chinese ports keep Iranian oil flowing despite sanctions
Some of China’s largest ports have received Iranian crude this year, supporting a multi-billion oil trade and highlighting a significant…
News
Oil falls on prospect of more Opec+ supply, easing risks in Middle East
Oil prices fell 1 per cent on Monday as an easing of geopolitical risks in the Middle East and the prospect of another Opec+ output hike…
Fashion
Oil steadies after report of planned Opec+ August output hike
Oil prices edged up slightly on Friday (Jun 27), recovering from a midday drop into negative territory following a report that Opec+ was…
Fashion
India oil law revamp unlikely to draw foreign drillers amid red tape and weak incentives
India’s first rewrite of its 77-year-old oilfield rules kicked in on Apr 15, with New Delhi hoping it’ll help turn around a decade of…
Business
Shell says it isn’t in talks to take over oil rival BP
Speculation has been growing that the embattled company would become a takeover target Shell denied a Wall Street Journal report that it…
Business
U.S. stocks near all-time high as oil stabilizes
U.S. stocks are hanging near their all-time high on Wednesday as financial markets catch a breath following two big days bolstered by…
News
Trump: I Could Have Taken Iran’s Oil if I Wanted To
Trump gave more noncommittal responses when asked about his current view on Russia’s war against Ukraine at Tuesday’s NATO Summit at The…
Business
U.S. strikes on Iran’s nuclear program have unleashed cyberattacks on American banks and the oil industry
Hackers backing Tehran have targeted U.S. banks, defense contractors and oil industry companies following American strikes on Iranian…
News
Trump baffles with sudden U-turn on China buying Iranian oil
US President Donald Trump on Tuesday (Jun 24) appeared to undermine years of US sanctions on Iran, giving its biggest customer, China the…