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New Silkroutes returns to profitability in 2Q on higher revenue; expects trading suspension to be lifted 'shortly'
SINGAPORE (Feb 12): New Silkroutes Group is back in the black ater closing 2Q18 with earnings of US$87,000 ($0.1 million) compared to a loss of US$0.3 million a year ago, which the group says marks its first quarterly net profit in more than three years.
February 12, 2018
Singapore charges 11 men over Shell oil heist
SINGAPORE (Jan 9): Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell's biggest refinery, while police said they were investigating six other men arrested in a weekend raid.
January 09, 2018
Commodities
Oil could hit US$60 before year-end, says Barron's citing Citi analyst
BENGALURU (July 10): Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (Opec) could push crude prices up to US$60 ($82.92) a barrel before the end of the year, according to a report from Barron'
July 10, 2017
The rise and fall of a commodities giant in Asia
(June 5): The profit warning landed at 10.37pm Singapore time on a Tuesday in early May. It was the night before a holiday in the city-state where shares of Noble Group are traded. The market would be closed the next day, giving investors more than 24 hou
June 05, 2017
Broker's Calls
Don’t be too heartened by SIA’s fuel hedging move yet, say analysts
SINGAPORE (Feb 9): UOB Kay Hian maintains its “hold” rating in Singapore Airlines (SIA) while raising its target price on the stock to $10.40 from $10.10 previously, following the release of the carrier’s 3Q17 results.
February 09, 2017
Crude Oil
Trump clears way for controversial oil pipelines
WASHINGTON (Jan 25): US President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines in a move to expand energy infrastructure and roll back key Obama administration environmental a
January 25, 2017
Crude Oil
Big oil hits sweet spot as new projects reap rewards of recovery
(Jan 11): Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts.
January 11, 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