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The oil trading business of Russia’s Lukoil PJSC began shedding staff all over the world – with just days to go until sanctions on the Moscow-based energy giant are due to kick in. In…
Palm oil producer Golden Agri-Resources (GAR) posted a 17 per cent quarter-on-quarter rise in net profit for the third quarter ended Sep 30 to US$124 million, from US$106 million. For the…
OIL steadied as traders weighed concerns about a glut and fallout from US sanctions against Russia at the start of a data-heavy week. Global benchmark Brent traded above US$63 a barrel…
Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as US President Donald Trump met Hungary’s Prime Minister Viktor Orban at the White House.…
President Trump has granted Hungarian Prime Minister Viktor Orban his requested exemption from U.S. sanctions for its purchases of Russian oil, a White House official confirmed. Source link
President Trump welcomed Hungarian Prime Minister Viktor Orban, who was expected to ask for an exemption from U.S. sanctions for buying Russian oil. Source link
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon Some 20 kilometres out from the port of Tianjin, in the jade waters of the Bohai…
Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil…
Shares of China Aviation Oil (CAO) surged by more than 4 per cent on Tuesday (Nov 4) morning following word of a merger between Sinopec, the largest oil refiner in China, and China…
Shares of China Aviation Oil (CAO) ended lower despite surging as much as 4.5 per cent on Tuesday (Nov 4) following word of a merger between Sinopec, the largest oil refiner in China, and…
The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 4): Source link
Hedge funds cut their bearish position on Brent crude by the most on record after the US imposed sanctions on Russia’s biggest oil companies, threatening exports from the Opec+ producer…
Oil prices settled slightly higher after a wild trading session on Friday (Oct 31), popping up as media reports said US air strikes on Venezuela could begin within hours and then…
The company keeps quarterly US$3.5 billion buybacks, supported by robust operating cash flow Shell posted third-quarter profit that beat analyst estimates, helped by a rebound in…
Oil prices fell on Friday (Oct 24) as scepticism crept into the market about the Trump administration’s commitment to sanctions on Russia’s two biggest oil companies over the war in…
Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end…
Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end…
President Donald Trump’s administration announced Wednesday new “massive sanctions” against Russia’s oil industry that are aimed at moving Russian President Vladimir Putin to the…
The United States hit Russia’s major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a…
The Trump administration slapped sanctions on two of Russia's largest oil companies Wednesday, citing the country's "lack of serious commitment" to ending its war on Ukraine. Source link
Brazil's government approved on Monday exploratory drilling by state-run oil-giant Petrobras near the mouth of the Amazon River. The decision comes only weeks before the United Nations…
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…
The United States and India have held productive trade talks, and Indian refiners are already cutting Russian oil imports by 50 per cent, a White House official told Reuters on Thursday.…
US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the…
