OPEC

(July 13): OPEC said on Wednesday its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an OPEC-led output cut.

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&#39

(May 31): Reports of deep-sea drilling’s demise in a world of sub-US$100 ($138.6) oil may have been greatly exaggerated, much to OPEC’s dismay.

GENEVA/LAUSANNE (March 30): The oil market is risking a supply crunch as producers cut spending on major projects to focus on short-term low-cost shale output in the US, some of the top crude and products traders said.

CHICAGO/HOUSTON (March 16): OPEC’s worst enemy isn’t US shale drillers. It’s the hedges propping them up.

NEW YORK (Feb 28): Oil has been bound to the tightest price range in more than a decade, and yet hedge funds have never been so confident it will eventually rally.

KUWAIT (Feb 21): Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.

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.

SINGAPORE (Feb 3): Keppel Corporation is among the heavyweight blue-chip stocks that drove the Straits Times Index sharply higher in the wake of Donald Trump’s election victory.

SINGAPORE (Feb 1): Loyz Energy has reported earnings of US$922,000 for 2QFY17, reversing from the net loss of US$631 million in 2QFY16.