Tag: oil prices
Oil prices cool as Saudi Arabia fully restore supply following attacks on its crude facilities.
Economists say the spike in oil prices following the attacks on Saudi oil fields will mean more money for the Treasury as Malaysia is an exporter of oil.
Environment minister will brief the Cabinet on the haze situation and allegations that Malaysian firms are involved in open burning.
Stock markets sank after the drone attacks, while Iranian officials rejected US and Saudi accusations that Tehran was behind the attacks.
Saudi suspension of production at two major Aramco facilities will definitely have an impact on global prices, says PM.
Analysts are doubtful oil producers will succeed in bolstering crude prices dented by the US-China trade war.
Oil prices have recovered some ground boosted by positive news from China’s services sector.
The continuous devaluation of the yuan due to the current US-China trade wars could impact the ringgit in the long run.
A market expert says interest rate cuts are a way to keep the ringgit competitive against the greenback amid trade war tensions.
While a series of attacks on tankers and energy facilities in the Middle East have provided some temporary support to prices, oversupply remains the key concern for the market.
The local note rose against the British pound to 5.0773/0851 from Thursday's close of 5.0865/0922 and improved against the euro to 4.6815/6876 from 4.6896/6949.
The ringgit continues a downward trend, however trade talks between the US and China are expected to ease currencies, and that of the local note too.
While trade war tensions and the plunge of global oil prices takes a toll on major currencies, the ringgit trades its weakest since May 31, 2019.
The ringgit continues to open lower as the US-China trade war escalates, while the local currency also trades lower against other major currencies.
Profit for the first six months of the year plunged 55% to US$1.47 billion, says SABIC.
The United States sanctioned the company, Zhuhai Zhenrong Co Ltd because it 'knowingly engaged in a significant transaction for the purchase or acquisition of crude oil from Iran.'
The US dollar slips today due to trade conflicts and the possibility of Federal Reserve rate cuts.
Oil is set for the biggest weekly decline since May as global demand concerns outweigh both an Opec+ extension pact and Iran tension worries.
Venturing beyond bonds from state-owned issuers in China often involves more than just assessing credit risk for the investors.
Oil rebounds as a drop in US gasoline supplies help crude prices shrug off their biggest decline in a month.
Petroleum-linked shares tumble with oil prices as Wall Street stocks finish a choppy session higher, with the S&P 500 at a second straight record.
Oil edges lower as investors weigh troubling economic data from around the world against Opec’s extension of output cuts into 2020.
With OPEC set to extend output cuts for the rest of the year and potentially into early 2020, its share of the oil market is all but certain to drop below 30% for the first time since 1991.
Oil prices rally following a bullish US petroleum inventory report, while global stocks tread water ahead of key US-China trade talks.