SINGAPORE Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
JAKARTA/SINGAPORE Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia.
(Refiles this March 20 story to clarify in paragraph seven that RAPID will be one of Aramco's biggest new refinery projects outside Saudi Arabia.)
SINGAPORE Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect.
SINGAPORE Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year.
SINGAPORE Singapore's proposed plan to tax greenhouse gas emissions would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century.
SINGAPORE, Feb 17 Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang.
SINGAPORE Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction.
SYDNEY/MELBOURNE Major energy users in Australia shut down on Friday, and the public were asked not to go home and cook or watch television, averting big blackouts amid strained supplies as an extreme heat wave moved from the desert interior to the east coast.
SINGAPORE Oil prices edged up on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories still weighed on the market.