Oil
China barred from buying US oil reserves in funding bill
CHINA would be barred from buying oil from the United States’s emergency stockpiles under a provision included in must-pass government funding legislation unveiled on Sunday (Feb 3). Republican critics...
Oil climbs 2%, notches weekly gains ahead of Opec+ decision
OIL prices rose 2 per cent on Friday (Mar 1) and posted weekly gains as traders awaited an Opec+ decision on supply agreements for the second quarter, while also...
Oil inches down as US inflation data, rising Opec output weigh
OIL prices edged lower on Thursday as US inflation data implied a softening of the world’s biggest economy that could weaken crude demand, with rising Opec production also weighing on...
China Aviation Oil H2 profit up 187.1% to US$39 million amid air travel recovery
CHINA Aviation Oil (CAO) registered a 187.1 per cent rise in net profit to US$39 million for its second half-year ended December, from US$13.6 million in H2 FY2022. This...
China Aviation Oil H2 profit up 182% to US$39.1 million amid air travel recovery
For the full year, net profit was up 75.5 per cent to US$58.9 million from US$33.5 million in FY2022. Revenue for the year, however, dropped 12.4 per cent to...
First Resources H2 profit falls 62.5% on palm oil price downturn
FIRST Resources posted a 62.5 per cent drop in net profit to US$73.9 million for its second half year ended December, from US$197.2 million in the previous corresponding period....
Oil gains on potential Opec+ cuts, curbed by jump in US crude stocks
OIL prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a higher-than expected rise in US crude stocks offset support from a potential...
Pertamina to intensify exploration in Indonesia’s east amid higher oil, gas output targets
INDONESIA’S state energy company Pertamina wants to intensify its exploration efforts in the country’s eastern regions, a senior official said on Wednesday (Feb 28), as it targets higher oil...
