Oil at eight-month lows as US recession fears offset Mideast tensions
SINGAPORE, Aug 5 — Oil prices hovered at eight-month lows today as fears of a recession in the United States, the world’s top oil consumer,...
Opec+ council says committed to current output cuts
VIENNA, Aug 2 — The Joint Ministerial Monitoring Committee (JMMC) of Opec+, the Organisation of the Petroleum Exporting Countries (Opec) and its allies, yesterday confirmed...
Singapore offers near-term carbon tax rebates for refiners
SINGAPORE, June 13 — Singapore is offering refiners and petrochemical companies rebates of up to 76 per cent for its planned carbon tax for 2024...
Oil prices up as US, China boost demand
TOKYO, March 8 — Oil prices rose on Friday, driven by growing demand in the United States and China, the world’s biggest oil consumers, and...
Palm oil industry expected to grow this year on positive outlook — Bursa Malaysia
KUALA LUMPUR, March 5 — The Malaysian palm oil industry is expected to show growth in 2024 in light of recovery in labour supply, improved...
China oil demand growth poised to slow to around 4pct in first half of 2024 — Analysts
BEIJING, Nov 23 — China’s oil demand growth is likely to ease in the first half of 2024 to around 4 per cent, according to...
Oil ticks up as worries about supply disruptions linger
WASHINGTON, Oct 11 — Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent...
Country’s subsidies expected to surpass RM81bln this year — PM
KOTA KINABALU, Oct 4 — The subsidies given by the government to the people throughout the country including electricity, fuel and food is expected to exceed RM81 billion this...
Govt subsidies to hit RM100bln a year if oil reaches US$100 a barrel
KUALA LUMPUR, Sept 19 — The government may have to bear more than RM100 billion in subsidies annually if the world crude oil price hits US$100 a barrel,...
Ringgit eases as greenback strengthens on inflation concerns
KUALA LUMPUR, Sept 7 — The ringgit eased further against the US dollar as fresh worries over sticky US inflation kept investors away from emerging markets. At...
Govt saves RM4.1 bln with implementation of targeted electricity subsidy
KUALA LUMPUR, March 21 — The government is able to save RM4.1 billion through the implementation of targeted electricity subsidy for half a year in...
Oil prices tumble amid banking fears
NEW YORK, March 14 — Oil prices fell sharply on Monday as traders remained concerned over contagion from the collapse of US lender Silicon Valley...