Brent crude

Broker's Calls

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

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.
Sinopec ex-chief Fu Chengyu

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.
offshore oil rig

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.

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.
oil rig image

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.
China stocks

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.
Malaysian ringgit

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.
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