Malaysia among four countries consulted to join OPEC, says sec-gen
VIENNA, July 6 — Four countries have been consulted to join the Organisation of the Petroleum Exporting Countries (OPEC), its Secretary-General Haitham Al Ghais said....
OPEC+ adjusts output targets for 2024
VIENNA, June 5 — The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Sunday (June 4) agreed...
Saudi Arabia to trim output by one mln bpd in July as OPEC+ vows to maintain current policy
ANKARA, June 5 — The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, confirmed on Sunday they would keep their current...
Oil rebounds as OPEC+ output cuts trigger fears of weaker global economic growth
ANKARA, April 3 — Oil prices rallied on Monday after some OPEC+ countries cut production by more than 1 million barrels per day (bpd) in...
Ringgit opens lower against US dollar
KUALA LUMPUR, April 3 — The ringgit retreated from its gains last week to open lower against the US dollar on Monday as the surprise...
OPEC upgrades forecast for global oil demand growth in 2023 by 30,000 BPD
MOSCOW, March 14 — OPEC has upgraded its forecast for the global oil demand growth in 2023 by 30,000 barrels per day to 2.3 million...
Ringgit opens flat against US dollar
KUALA LUMPUR, Oct 6 — The ringgit opened flat against the US dollar this morning amidst better United States (US) ADP non-farm employment data. At...
Ringgit ends higher against US dollar
KUALA LUMPUR, Aug 26 — The ringgit extended yesterday’s gains to end the week higher against the US dollar today, boosted by a rally in...
Ringgit ends higher against US dollar
KUALA LUMPUR, Aug 25 — The ringgit extended yesterday’s gains to end higher against the US dollar today, boosted by steady oil prices, said an...
Ringgit under pressure as oil retreats and China cuts interest rates
KUALA LUMPUR, Aug 15 — The ringgit ended on a bearish note today amid worries over China’s economic slowdown after it cut interest rates unexpectedly...
Oil prices rise as Ukraine conflict stokes supply concerns
REUTERS, March 1 — Oil prices climbed on Tuesday as concerns over potential supply disruption amid Russia’s invasion of Ukraine outweighed talk of a coordinated...
Ringgit retreats against US dollar
KUALA LUMPUR, Jan 14 — The ringgit has retreated from its gains over the past few days to open lower against the US dollar on...