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Tuesday, October 22, 2019

Tag: oil

Global economy alarm bells ringing to rhythm of doom, says analyst

Oil price has declined 19% since a peak in April.

Thunberg brings her climate protest to Canada’s oil patch

Counter-protesters showed their distaste by blaring their horns during Thunberg's speech.

No ‘royalty’ term in 1975 Kelantan-Petronas deal, says Husam Musa

He says the agreement only referred to cash payments, not royalties.

Growth in US inventories sees oil trade jump to near US$53...

Industry data adds to concern that global supply keeps growing amidst dwindling demand.

US cautions China firms about untrackable ships moving Iranian oil

China largest buyer of Tehran’s main export since Trump reimposed sanctions.

US behind secret cyber ops on Iran in wake of Saudi...

Officials say strike happened in late September and took aim at Tehran's ability to spread 'propaganda'.

Oil, Iran top agenda as Putin visits Saudi Arabia

An analyst believes Moscow can play peacemaker between Riyadh and Tehran.

Russia to work with Saudi to stabilise oil market

Putin says Russia, which has 'good relations with all the countries in the region', can also play a 'positive role' in easing tensions.

Iranian tanker possibly hit by missiles off Saudi coast

There is no claim of responsibility for the incident.

‘Business as usual’ for global oil after swift recovery, says organisation

International Energy Agency says oversupply could help reduce demand next year after Saudi oil attacks.

Oil prices surge after Iran oil tanker explosion

Conflict in Middle East reignites concern of threat to global supply.

Oil climbs from near 2-month low as trade talks resume

Boost comes as China and US engage in dialogue again.

Oil set for biggest weekly loss since July on demand pessimism

Futures in New York edged higher Friday but are down around 6% this week.

Oil near 2-month low on swelling US stockpiles, demand woes

Crude fell for 7 straight days through Wednesday – longest losing streak in almost a year.

Saudi Aramco approaches Petronas on IPO

Aramco’s advisers are arranging meetings with some potential cornerstone investors this week, sources say.

British tanker arrives in Dubai after 10-week detention in Iran

All crew members are safe and are in high spirit following release from Iran’s detention.

Oil slips on signs of returning Saudi output

However, doubts remain over kingdom’s ability to restore supply by end of September.

Indonesia’s Pertamina stops oil spill off Java

The spill has affected at least 13 villages, threatening the livelihoods and health of thousands of people.

Oil rallies on Mideast tensions, stocks weighed by trade remarks

Investors are concern about a possible conflict in the Middle East after last week's attacks on Aramco's oil refineries.

Betting on US$100 oil, Indonesian driller plans to triple output

PT Medco Energi Internasional is confident strong aviation and petrochemical demand will push crude prices above US$100 a barrel in the next decade.

Oil’s rising again as Iran’s warning of war ratchets up tensions

Given the level of uncertainty into the weekend, prices could remain skewed to the upside, says an analyst.

Aramco attacks: ‘Zero’ impact on Saudi revenue, says minister

The Kingdom says oil spending would continue as planned despite oil attacks.

Saudi Arabia joins US-led coalition to protect oil shipping

The move to join the International Maritime Security Construct aims to support efforts to thwart threats to trade as well as guarantee energy security.

Wary of conflict with Iran, Trump takes go-slow approach to attack on Saudi...

Donald Trump has been uncharacteristically patient dealing with Iran’s alleged involvement in the drone strikes on Aramco's oil refineries.