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Why buy China Aviation Oil? It takes two to contango
SINGAPORE (Jan 5): UOB Kay Hian is maintaining its “buy” call on China Aviation Oil (CAO) with a higher target price of $2.01 from $1.90 previously, raising its 2016 earnings estimates for CAO by 7.5% as it notes the oil market is now in contango and
January 05, 2017
DBS looks into 2017
5 external factors that could make or break the Singapore market in the year ahead
SINGAPORE (Dec 27): The Singapore market faces several challenges in the year ahead, many of which are upcoming world events whose outcomes are beyond the predictive scope of analysts and economists.
December 27, 2016
Crude Oil
China oil giant ex-chief warns drillers becoming ‘dinosaurs’
NEW YORK/HONG KONG (Dec 1): China’s biggest state-owned companies will see “dramatic changes” in the next few years as they may downsize and become more efficient, according to the former chairman of two of the country’s biggest producers.
December 01, 2016
Crude Oil
Oil heads for biggest monthly gain since April before OPEC talks
TOKYO (Aug 31): Oil is poised for the biggest monthly advance since April amid speculation talks among OPEC members in Algeria next month may result in action to stabilize the market.
August 31, 2016
Crude Oil
DBS says Brexit decision to weigh on oil price in near-term
SINGAPORE (June 28): Risk-off sentiment resulting from the Brexit decision is likely to continue to weigh on oil prices, making it it more difficult for oil to trade sustainably above the US$50/bbl level in the near-term, says DBS in a Monday report.
June 28, 2016
Crude Oil
OPEC to keep oil flowing as price recovers
VIENNA (June 3): OPEC was expected Thursday to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output.
June 02, 2016
Tokyo leads Asia stocks higher after Yellen comments
HONG KONG (May 30): Tokyo stocks led Asia higher Monday, boosted by hopes the government will delay a sales tax hike and by a weaker yen after Federal Reserve boss Janet Yellen hinted that a US interest rate increase was looming.
May 30, 2016
Malaysian ringgit leads emerging units higher as oil rises
TOKYO (May 26): Higher-yielding currencies in Asia moved higher against the dollar Thursday, as sentiment in emerging markets picked up as Brent crude passed US$50 a barrel for the first time this year.
May 26, 2016