crude oil

US-China trade war

China only fulfils 5% of Sino-US energy trade deal in first half of 2020

China has bought only 5% of the targeted US$25.3 billion in energy products from the United States in the first half of 2020, falling well short of its trade deal commitments.

Markets

Asia stocks mixed, dollar struggles to rally

Asian share markets turned mixed on Monday as US lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases

Oil & Gas

Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil prices fell on concerns about oversupply as OPEC+ is expected to pull back from production cuts in August, while an increase in COVID-19 cases worldwide raised fears of slower pick-up in fuel demand.

Global Markets

Market updates: Asian stocks and US futures climb; US dollar drops

Asian stocks rebounded from their biggest decline since March and U.S. futures climbed after news about US monetary and fiscal stimulus plans bucked up investor sentiment in face of worries over a second wave of the coronavirus.

Oil & Gas

Oil prices drop to trade near $45.39 a barrel on increase in US crude inventories

Oil extended its drop to trade near US$32 (S$45.39) a barrel after a U.S. industry report signalled crude inventories swelled for the first time in three weeks, raising fresh concerns about excess supply.
Oil prices in negative territory for first time

Crude Oil

Oil prices in negative territory for first time

The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory -- minus $37.63 a barrel.

Oil & Gas

Crude oil prices to remain low in near-term despite Trump's optimism: DBS

Crude oil prices are unlikely to trade significantly higher in the short-term despite US President Donald Trump’s optimism that a price war between Saudi Arabia and Russia can be resolved, according to DBS Group Research.

Crude Oil

Oil prices soar 10% after attack on Saudi facilities hits global supply

SEOUL/NEW YORK (Sept 16): Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s oil facilities on Saturday that cut more than 5% of global oil supply.

Commodities

UOB: Malaysia to lose up to RM5b if oil trades at US$55-US$65/barrel

KUALA LUMPUR (Dec 28): UOB Group said today its crude oil price forecast at US$55 ($75.40) to US$65 a barrel translates into a Malaysian government revenue loss at around RM2 billion to RM5 billion.

DBS 2019 stock market outlook

Singapore plantation sector set to rebound in 2019: DBS

SINGAPORE (Dec 18): DBS Research has an “overweight” rating on the Singapore plantation sector with Bumitama Agri, First Resources (FR) and Wilmar as its top “buy” picks.
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