oil prices

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.

NEW YORK (Aug 24): Oil prices jumped on Tuesday after a new report that Iran could support an effort by Opec and Russia to freeze production and firm up prices.

SINGAPORE (Aug 22): As markets shook off recent shocks, investors pushed valuations up so much that equities and bonds seemed to be priced to perfection, leaving little room for error.

SINGAPORE (Aug 3): UOB Kay Hian is turning negative on the offshore and marine (O&M) sector, downgrading its rating to “underweight” on mounting liquidity pressure on the sector amid a prolonged downturn.

SINGAPORE (Aug 1): Brokerage houses DBS Vickers Securities, KGI Fraser and OCBC Investment Research are lowering their expectations of Sembcorp Marine’s (SMM) earnings in the next couple of financial years to come, after the Singapore-based drilling rig

TEXAS (July 14): Two years ago, Reg MacDonald's 20-day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. Now he is lucky if he gets half a dozen to enrol.

SINGAPORE (June 26): Oil prices weren’t spared after the UK voted for Brexit on Thursday, with West Texas Intermediate (WTI) crude falling by more than 5% to US$47.56 a barrel. Spooked by the renewed uncertainty now surrounding the global economy, inves

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.

SINGAPORE (May 30): Oil prices dipped in Asia Monday after comments from the US central bank head implying interest rates will rise but traders are pinning their hopes on a tightening global market ahead of an OPEC meeting this week.

HONG KONG (May 26): Asia stocks took a breather Thursday after a rally during the previous session, but energy firms were mostly up after oil surged past US$50 a barrel for the first time this year.