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Oil & Gas
US to sell 26 mil more barrels from strategic oil reserve
The congressionally mandated sale will amount to 26 million barrels of crude, according to people familiar with the matter.
February 14, 2023
Oil & Gas
China reopening will be 'key support' for oil in 2023: DBS
The analysts expect Brent crude oil prices to average between US$85 to US$90 per barrel in 2023.
February 06, 2023
Oil & Gas
Oil set for fourth weekly loss with rate hikes darkening outlook
West Texas Intermediate futures edged higher toward US$84 ($119.17) a barrel, but are still down more than 1% for the week.
September 23, 2022
Oil & Gas
The era of expensive oil is here to stay
Demand for fuel is still growing as the world picks up where it left off before Covid-19 lockdowns: Bloomberg's Will Kennedy.
July 18, 2022
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.
April 07, 2022
Oil & Gas
Biden orders record oil release from US reserve to tame prices
Biden will order as much as 180 million barrels released from US reserves over the next several months.
March 31, 2022
Zest
ComfortDelGro to raise taxi fares temporarily due to increase in fuel prices
The temporary fare increase will take effect from April 4.
March 28, 2022
Oil & Gas
Oil surges as Ukraine war tightens supply, tensions in the Middle East rise
Oil surged for a third day as the war in Ukraine neared the end of its first month with no conclusion in sight.
March 21, 2022
Broker's Calls
Will oil prices hit US$200 a barrel? DBS seems to think so
“Spikes even up to US$150 per barrel [for FY2022] cannot be ruled out,” according to the analysts at DBS.
March 11, 2022
Oil & Gas
Why US$100 for a barrel of oil could be bad for the energy transition
For now, the big question for oil markets is what happens in Ukraine.
March 03, 2022