Oil & Gas

Singapore news

From oil trades to defense, Singapore’s US-China balancing act gets trickier

Singapore has long thrived because it prioritizes open commerce.

Right Timing

Oil and gas producer outperforms its sustainable peers

Rex Intl's technical outlook is firm, its cash flow less so. Elsewhere, moribund REIT ETFs need Fed to halt and reverse hikes
Rex subsidiary partakes in North Sea oil discovery - THE EDGE SINGAPORE

Oil & Gas

Rex subsidiary partakes in North Sea oil discovery

Preliminary volume calculations indicate between 500,000 to 1.4 million cubic metre of recoverable oil equivalents.

Broker's Calls

Oil prices to maintain influence and high prices, keeping oil-related stocks attractive: UOB Kay Hian

UOB Kay Hian analyst Adrian Loh has maintained his “overweight” rating for the oil and gas sector in Singapore.

Oil & Gas

Oil advances after slumping on back of IEA reserve release plan

West Texas Intermediate rose past US$97 ($131.89) a barrel after retreating by more than US$5 on Wednesday.

Russia-Ukraine crisis

Shell to stop buying Russian oil and gas

“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil” was wrong: Shell.

Broker's Calls

KGI keeps 'buy' on Rex International with TP of 50 cents on the back of strong oil prices

Both Brent and WTI rose around 3% on Feb 11 to US$94.44 and US$93.10 respectively, closing at their highest levels since Sept 2014
There could be oil price spikes towards US$80 per barrel or higher in late-2022 and beyond, says DBS - THE EDGE SINGAPORE

Broker's Calls

There could be oil price spikes towards US$80 per barrel or higher in late-2022 and beyond, says DBS

2022 should still represent a reasonably balanced market.
CSE Global reports 11.6% decline in 3Q net profit to $5.1 mil on non-recurring divestment gain - THE EDGE SINGAPORE

Results

CSE Global reports 11.6% decline in 3Q net profit to $5.1 mil on non-recurring divestment gain

As at Sept 30, CSE Global’s order book stood 14.8% y-o-y higher at $267.0 million.

As oil recovers, new contracts trickle in for SembMarine and Keppel

SINGAPORE (Feb 12): Oil majors such as Royal Dutch Shell and BP, which are present in the entire oil and gas value chain — from exploration, production and refining to motorway stations — have had a tremendous 2017. Their outlook for energy and their
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