Oil prices

Oil price would be higher for longer

The break-even points of most US oil producers are only US$30 to US$50 for WTI oil  by IFAST RESEARCH TEAM …

2 weeks ago

Oil prices fall as traders assess US inventories data

NEW YORK -- Oil prices fell on Thursday, weighed by a large build in US crude stockpiles, reported Xinhua. The West…

1 month ago

Oil may hit US$100 amid China reopening, Iran’s OPEC official says

Oil prices may rise to $100 a barrel in the second half of the year as China’s economy emerges from…

1 month ago

Oil market faces bigger surplus even as China reopens

by GRANT SMITH  GLOBAL oil markets face a bigger surplus this quarter than previously expected, with demand still constrained despite…

2 months ago

Ringgit opens firmer versus greenback on higher oil prices

THE ringgit retained its upward momentum to open higher against the US dollar Friday as more investors shifted their interest towards emerging…

2 months ago

Another year of uncertainty ahead for O&G sector

The looming recession, China’s recovery and Russia’s behaviour make 2023 a volatile year still for O&G industry  by S BIRRUNTHA…

3 months ago

Oil prices drop amid recession worries, US dollar strength

NEW YORK -- Oil prices fell on Thursday as traders grew concerned that major central banks' policy tightening would trigger…

3 months ago

Oil slips over demand woes as China struggles with Covid protests

Oil prices lost almost US$2 a barrel on Monday as ongoing China COVID restrictions and protests in several cities fuelled…

4 months ago

Saudi Aramco makes 2nd-highest profit on surging oil prices

SAUDI Aramco reported its second-highest earnings as a listed company, as it continued to benefit from this year’s surge in…

5 months ago

Ringgit opens slightly lower against US dollar

This is following comments from US Fed officials on the possibility of UK interest rate hike by early 2023 THE…

6 months ago

Saudi Arabia defies expectations by keeping oil prices steady

Saudi Arabia kept oil prices for its main market of Asia largely steady and lowered those for Europe, going against…

6 months ago

Oil prices rebound following downbeat session

NEW YORK – Oil prices rose modestly on Thursday, reclaiming some of the losses they had suffered in the prior…

6 months ago

Ringgit opens easier against US dollar

KUALA LUMPUR • The ringgit eased against the US dollar this morning due to firmer demand for the greenback as the…

7 months ago