Organization of the Petroleum Exporting Countries (OPEC)

UOB Kay Hian expects CSE to maintain FY21 DPS at 2.75 cents, translating to an "above average" yield of 5.1%.

A deeper cut in production by members and non-members of the Organization of the Petroleum Exporting Countries (Opec+) is expected to support crude oil prices at US$40 a barrel.

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020. The out­break of the novel coronavirus or Cov­id-19 did not only infect more than 119,000 and kill more than 4,000, but also impeded economic activity. This led to

(Nov 3): Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country’s energy minister, said on Monday.

SINGAPORE (March 15): As the Organization of the Petroleum Exporting Countries’ (OPEC) continues to follow through with its announcement last year to cut production in a bid to end the global supply glut, US shale has been notably making a record comeba

SINGAPORE (Dec 21): Petroliam Nasional Berhad (Petronas) on Wednesday announced that it will make a voluntary adjustment to Malaysia’s crude oil production from January 2017.

(Dec 13): Oil advanced to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year.

SINGAPORE (Dec 7): UOB Kay Hian is upgrading its view on Singapore’s shipyard sector to “market weight” following the latest deal announced by Organization of the Petroleum Exporting Countries (OPEC), which raises oil prices and lifts hope of a reb

SINGAPORE (Dec 2): UOB Kay Hian has upgraded its rating on Singapore’s oil and gas (O&G) sector to “market weight” for both its offshore marine and shipyard segments, following the Organization of the Petroleum Exporting Countries’ (OPEC) announce

SINGAPORE (Sept 29): Oil prices surged on Thursday after members of the Organization of the Petroleum Exporting Countries agreed to the outline of a deal to cut production for the first time in eight years.