Price of oil increases February 18, 2015 // 3 Comments Oil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of US$63 a barrel as short-covering [...]
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 [...]
China to import more crude oil February 17, 2015 // 2 Comments New regulations have been put in China which they hope will encourage more imports of crude oil. Under rules posted by the [...]
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 [...]
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 [...]
Iraq and Iran cut oil prices February 11, 2015 // 2 Comments Baghdad – Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more [...]