China cuts coal imports, buys more oil and gas in July
China’s coal imports fell for the fifth time in six months in July as Beijing leaned more on domestic mining and boosted oil and gas imports to meet the country’s energy needs. At the same…
Tag
Oil
Trump doubles India’s tariffs to 50% after oil trade with Russia
President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United…
Trump hits India with extra 25% tariff for purchasing Russian oil, doubling total U.S. levies
President Trump slapped India with increased tariffs Wednesday over the country's purchases of Russian oil, bringing the combined tariffs to 50% in a new display of punishment for Moscow's…
Malaysia seeks RM1.4 billion for palm oil replanting over next five years
Malaysia’s commodities ministry said on Tuesday (Aug 5) that it would seek to boost the allocation for palm oil replanting to RM1.4 billion (S$425 million) under a new five-year…
Petronas said to seek US$1 billion for Rio oil field stake sale
Malaysia’s Petroliam Nasional Berhad is working with Bank of America to sell its 50 per cent stake in the Brazilian oil field Tartaruga Verde, according to sources familiar with…
Trump threatens to 'substantially' raise tariffs on India for buying Russian oil
President Trump said Monday that he will be "substantially raising" the tariffs on Indian exports to the U.S. over its decision to purchase Russian oil, following through on his promise…
Malaysian palm oil firm FGV to be delisted on August 28
Felda settlers own shares in the company but have not seen the returns that they were promised when the company was listed in 2012 Malaysia’s FGV Holdings, one of the world’s…
India hasn’t stopped Russian oil purchases after Trump rebuke
India has not given the country’s oil refiners instructions to stop buying Russian oil, according to sources familiar, days after US President Donald Trump blasted New Delhi for the energy…
Opec+ agrees in principle another large oil output hike: sources
+ agreed in principle to boost oil output by 548,000 barrels per day (bpd) in September, two Opec+ sources said on Sunday (Aug 3), as the group finishes unwinding its biggest…
Opec+ makes another large oil output hike in market share push
Opec+ agreed on Sunday (Aug 3) to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns…
Oil falls US$2 a barrel on worries about Opec+ supply, US jobs data
Oil prices US$2 a barrel on Friday (Aug 1) because of jitters about a possible increase in production by Organization of the Petroleum Exporting Countries (Opec) and its allies, while a…
Oil prices fall as Trump’s Aug 1 trade tariff deadline looms
Oil prices declined on Thursday as US President Donald Trump’s Aug 1 tariff deadline loomed over investors, with uncertainty surrounding countries yet to negotiate a trade deal with the…
Shell’s profit drops by almost a third on lower oil prices, but beats expectations
Shell’s second-quarter net profit tumbled by almost a third on Thursday (Jul 31), dragged down by a drop in oil prices, lower gas trading results and outage-related losses from its…
Oil rises as US-EU deal lifts trade optimism
Oil prices rose on Monday after the US reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit…
Oil prices dip to settle at three-week low on US and China economic concerns
Oil prices eased on Friday (Jul 25) and settled at a three-week low as traders worried about negative economic news from the US and China and signs of growing supply. Losses were limited…
US prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say
The United States is preparing to grant new authorisations to key partners of Venezuela’s state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the…
What role should oil and gas companies play in climate tech?
Standing on top of a drilling rig in the backyard of Nabors’s headquarters, I couldn’t stop thinking about the role oil and gas companies are playing in the energy transition. This…
Trump is trying to prop up coal, oil, and gas—but the economics of fossil fuel are failing
Since the start of his second presidential term, Donald Trump has hampered the development of new clean energy projects and at the same time pushed to revive the coal industry. It’s a move…
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the…
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO Max Tan Indonesian petrochemical producer Chandra…
Oil jumps US$1 after further drone attacks on Iraq oil fields
Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Brent crude futures settled at…
Oil settles down; build in US fuel inventories offsets signs demand growing
Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs outweighed some signs of increasing demand. Brent…
Oil edges up, investors eye Trump statement on Russia
Oil prices nudged higher on Monday (Jul 14), adding to gains of more than 2 per cent from Friday, as investors eyed further US sanctions on Russia that may affect global supplies, but a…
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market was tighter than it appears, while US tariffs and possible further sanctions on…