CURRENTECONOMY OPEC to cut oil output by 6.1 million barrels per day if declaration adoptedEditor Selangor JournalApril 10, 2020 by Editor Selangor JournalApril 10, 2020 BAKU, April 10 — If the new Declaration of Cooperation of OPEC enters into force, the OPEC member states will have to cut the oil...
CURRENTECONOMY Ringgit eases against US dollar at closeEditor Selangor JournalApril 8, 2020 by Editor Selangor JournalApril 8, 2020 KUALA LUMPUR, April 8 — The ringgit fell against the US dollar at the close today amid cautious sentiment in the oil market ahead of...
CURRENTECONOMY Hopes of progress against Covid-19 virus lift world stocks as dollar, oil fallEditor Selangor JournalApril 8, 2020 by Editor Selangor JournalApril 8, 2020 NEW YORK, April 8 ― World stock markets rose yesterday led by gains in Europe and Asia as signs of progress in curbing the spread...
CURRENTGLOBAL Oil falls more than US$1 as coronavirus spreadsEditor Selangor JournalMarch 23, 2020March 23, 2020 by Editor Selangor JournalMarch 23, 2020March 23, 2020 NEW YORK, March 23 — Oil prices fell more than US$1 a barrel at the start of the trading session on Sunday, as more governments...
CURRENTNATIONAL Malaysia wants to resolve palm oil spat with India within a monthEditor Selangor JournalMarch 11, 2020March 11, 2020 by Editor Selangor JournalMarch 11, 2020March 11, 2020 KUALA LUMPUR, March 11 — Malaysia aims to resolve its palm oil spat with India within a month, the South-east Asian nation’s new minister of...
CURRENTGLOBAL Oil rises for second day amid hopes for output cut by U.S. producersEditor Selangor JournalMarch 11, 2020March 11, 2020 by Editor Selangor JournalMarch 11, 2020March 11, 2020 TOKYO, March 11 — Oil prices climbed for a second day on Wednesday, lifted by hopes that U.S. producers will cut output, but gains were...
CURRENTECONOMY Oil price slump not expected to prolongEditor Selangor JournalMarch 10, 2020March 10, 2020 by Editor Selangor JournalMarch 10, 2020March 10, 2020 KUALA LUMPUR, March 10 — Despite fears of another potential oil crash, the current low oil price environment which resulted from Saudi Arabia’s retaliation against...
CURRENTGLOBAL Oil prices jump 6 pct after biggest one-day fall since 1991Editor Selangor JournalMarch 10, 2020March 10, 2020 by Editor Selangor JournalMarch 10, 2020March 10, 2020 SINGAPORE, March 10 — Oil prices jumped more than 6 per cent on Tuesday, clawing back some ground on hopes that a price war by...
CURRENTECONOMY Oil crashes after Saudi Arabia starts price war amid slumping demandEditor Selangor JournalMarch 9, 2020 by Editor Selangor JournalMarch 9, 2020 TOKYO, March 9 — Oil prices plummeted around 30 per cent on Monday after Saudi Arabia slashed its official selling prices and set plans for...