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Marine fuel sales in Singapore dip as high prices curb ship refuelling at the port

Marine fuel sales in Singapore dip as high prices curb ship refuelling at the port
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Bryan chongRoslan khasawnehRefinitiv oil researchPort authority of singaporePort authorityYaw yan chongMiddle east

Local O&G stocks heat up as oil price hovers at 3-year high

Shares of Malaysian oil and gas (O&G) companies saw renewed interest this week, as international benchmark Brent crude temporarily topped the psychological barrier of US$80 per barrel on Tuesday due to rising energy undersupply concerns. The Bursa Malaysia Energy Index retreated slightly on Wednesday after a two-day jump, coming off a three-year high. However, the index is still up 4.82% from last Friday’s closing.

Kuala lumpurSouth koreaBryan chongPetronas dagangan bhdPetroliam nasional bhd petronasSerba dinamikDagang nexchange bhdSerba dinamik holdings bhdRefinitiv oil research asiaBursa malaysia energy indexGoldman sachsSapura energy bhdAmbank researchYinson holdings bhdHengyuan refining co bhdGroup bhd

Saudi cuts oil price to keep Asia share as Covid pummels demand in India

Saudi cuts oil price to keep Asia share as Covid pummels demand in India Top Searches Saudi cuts oil price to keep Asia share as Covid pummels demand in India Sanjay Dutta / TNN / Updated: May 6, 2021, 22:56 IST FacebookTwitterLinkedinEMail NEW DELHI: Saudi Aramco has pruned the OSP (official selling price) of June oil shipments to Asia by 10-30 cents per barrel as a deadly second wave of Covid-19 infections pummel demand in India, the world’s third-largest consumer, and a host of other economies in the region. But the reduction is unlikely to stop fuel prices from creeping up as they have started doing after an 18-day gap. Signs of demand recovery from China and the US, which saw a sharp drawdown of crude inventories last week and rising refinery output, are partly working off Covid concerns to keep crude firm – at least for the time being.

United arab emiratesSaudi arabiaBryan chongSaudi aramcoYaw yan chongWest asiaஒன்றுபட்டது அரபு அமீரகங்கள்சவுதி அரேபியாயான் சோங்சவுதி அரம்கோயா யான் சோங்மேற்கு ஆசியா