Business
ExxonMobil signals higher oil, gas prices will help boost Q1 profit
EXXONMOBIL signalled on Thursday that higher crude oil and natural gas prices as well as stronger oil refining margins will help lift its…
Tag
Oil
News
Oil prices fall into negative territory as Trump announces new tariffs
Oil prices fell to negative territory after rising by a US dollar in post-settlement trade on Wednesday (Apr 2) as US President Donald…
Business
Oil slips on recession fears but posts third weekly gain
Oil prices fell on Friday (Mar 28) on worries that US tariff wars could spark a global recession, but gained for a third consecutive week…
News
North Sea crash oil tanker to have its cargo of fuel removed
More than 200,000 barrels of jet fuel are to be removed from the oil tanker involved in a crash with a cargo ship in the North Sea. The…
News
Trump to impose 25% tariff on countries that buy oil, gas from Venezuela
This “secondary tariff” will take effect on April 2, says Trump in a Truth Social post US President Donald Trump said on Monday (Mar 24)…
Business
Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs
China Petroleum & Chemical Corporation, known as Sinopec, reported a 16.8 per cent decline in 2024 net profit, citing lower crude oil…
News
Oil prices rise for second consecutive week on expected tighter supply
Oil prices settled higher on Friday (Mar 21) and recorded a second consecutive weekly gain as fresh US sanctions on Iran and the latest…
Business
Oil rises on US fuel demand, Fed rate decision caps gains
Oil prices edged up on Wednesday (Mar 19) after US government data showed a draw in fuel inventories, but the Federal Reserve’s decision…
Business
Oil settles down US$2, posting weekly loss as Middle East risk premium fades
OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle…
Business
Singapore Oil Hub Opportunities Amid US Tariff Uncertainty
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust WITH US tariffs shaking…
News
Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom
OIL prices strengthened on Monday (Feb 17) as an attack on an oil pipeline pumping station in the Caspian Sea slowed flows from…
News
Oil settles lower, supply worries ease on hopes for Ukraine peace deal
OIL prices settled down on Friday (Feb 14) on prospects for a peace deal between Russia and Ukraine that could ease global supply…
News
Asia: Stocks rise, oil falls as Trump fans Ukraine peace hopes
ASIAN markets mostly rose on Thursday (Feb 13) and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes…
News
Oil sinks 2% after Trump calls Putin, Zelensky to discuss end to war in Ukraine
OIL prices settled down more than 2 per cent on Wednesday (Feb 12) after US President Donald Trump took the first big step towards…
News
Hedge funds boost bearish oil bets as trade war threatens demand
Hedge funds increased bearish bets against oil by the most in three months on the prospect that duelling tariffs between the US and China…
News
Oil prices set for third straight weekly fall on tariff concerns
Oil prices finished with daily gains on Friday (Feb 7) after new sanctions were imposed on Iran’s crude exports, but prices were down for…
Beauty
From Moisturizing Perfume to $180 ‘Zen’ Facial Oil — Here Are the Need-to-know Q1 Skin Care Launches
With a slew of active-packed products — some of which purport benefits that go beyond the topical, à la Neuraé — hitting the market, WWD…
News
Singapore-based Interra Resources denies allegations that it’s ‘fuelling war crimes’ in Myanmar by supplying oil
OIL and gas exploration and production company Interra Resources on Thursday (Feb 6) denied a report that alleged it is supplying the…
News
China tariffs on US oil come as exports have slumped from peak
THE first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is unlikely to…
News
Opec+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US government’s Energy…
News
Trump's oil tariffs a boost for European and Asian refiners
US President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive…
News
Oil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday (Jan 31) and closed the week lower as investors awaited 25 per cent tariffs by the US on Canada and Mexico,…
Business
A new Syrian government struggles to reset its corrupt, besieged economy
ALEPPO, Syria — To understand the shakedown empire that was once Syria under former President Bashar Assad, consider the notorious…
News
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition…