Oil production cut still not finalized amid OPEC disagreements October 31, 2016 // 4 Comments For the first time since 2008, members of the Organization of the Petroleum Exporting Countries (OPEC), in a meeting in [...]
Shell sells non-core oil, gas assets in Western Canada in US$1 bn deal October 21, 2016 // 0 Comments Approximately 206,000 net acres of non-core oil and gas properties in Western Canada owned by Royal Dutch Shell plc, through [...]
Oil traded at an almost two-month high February 17, 2015 // 3 Comments Oil traded at an almost two-month high in London amid speculation that a slowdown in US drilling may curb production. Brent [...]
Malaysia extends zero duty on crude palm oil exports February 17, 2015 // 2 Comments Malaysia is extending the zero duty on crude palm oil (CPO) exports for March based on the newly released CPO gazetted price [...]
Oil rose to near US$62 a barrel as war in Libya escalates February 17, 2015 // 1 Comment Oil rose to near US$62 a barrel on Monday, supported by concerns over the escalating conflict with Islamic State militants [...]
Oil price drop leads to lower petrochem prices, weaker market; boosts demand February 16, 2015 // 3 Comments According to an analysis by IHS Chemical, the recent decline in global oil prices is causing some petrochemical supply chain [...]
Malaysian oil and gas sector to account for 22 % of government revenue February 13, 2015 // 1 Comment The oil and gas (O&G) sector is projected to account for 22% of Government revenue this year. This is due to the [...]
Apache Corp slashes rig count as price of oil drops February 13, 2015 // 1 Comment Apache Corp, one of the top U.S. shale oil producers, said on Thursday it would slash capital expenditures and its rig count [...]
Oil down after record US crude stocks; Brent below US$55 February 12, 2015 // 3 Comments CONNECTICUT – Oil prices fell as much as 3% after US stockpiles hit record highs, and analysts and traders said the [...]
Ringgit falls most in Asia with oil reversal February 11, 2015 // 2 Comments KUALA LUMPUR – Malaysia’s ringgit fell the most among Asian currencies as oil resumed a decline following a [...]