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Oil prices settled more than 2 per cent lower on Friday (Dec 26) as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of…
OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. West Texas Intermediate gained 0.9 per cent to settle above US$56 a barrel on…
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil market has weakened in recent weeks on concern that regional…
State governments shouldn’t profit from gambling addiction. Source link
Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world’s largest oil consumer. Brent crude futures…
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six months Japan’s major trading houses are facing a…
Oil prices managed small gains on Friday (Oct 17) but were headed for a weekly loss of nearly 3 per cent after the IEA forecast a growing glut and US President Donald Trump and Russian…
China is building oil reserve sites to boost stockpiles, according to public data, traders and industry experts Oil prices steadied on Tuesday (Oct 7) as investors weighed a…
China’s top province for solar panels plans to accelerate the development of other renewables as well as battery storage, as it seeks to keep promoting clean energy while dealing with a…
China has long worried about its shortage of soybeans, solidifying its status as the world’s biggest buyer to the benefit of farmers from the US to Brazil. But as its economy slackens, the…
Hedge funds cut their bullish stance on US oil to the lowest since mid-April as rising US crude inventories and Organization of the Petroleum Exporting Countries+ (Opec+’s)…
China’s proposed coal mine developments risk creating an oversupply and derailing climate goals, according to Global Energy Monitor (GEM). More than 450 sites are in development across…
China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn its protracted timeline and China’s construction…
China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn that its long timeline and China’s construction downturn…
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 ebbing demand for petrol and diesel. In the…
CHINA is likely to cut imports of the lowest grades of coal as a glut of the fuel makes the trade uneconomic and the government tightens up on carbon emissions. It’s a move that would…
