Edition:
United States

Florence Tan

Headache for OPEC as oil market structure signals return of glut

Jul 30 2020

SINGAPORE/LONDON Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic.

Oil slips as rising coronavirus cases, U.S.-China tensions weigh on markets

Jul 26 2020

SINGAPORE, July 27 Oil prices edged down on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

Oil slips as traders eye supply cut easing at OPEC meeting

Jul 12 2020

SINGAPORE Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices.

Exclusive: CIMB alleges 'suspicious' Hontop Energy oil deals with BP

Jul 06 2020

SINGAPORE Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy.

Oil prices mixed as coronavirus spike casts shadow over U.S. demand

Jul 05 2020

* But WTI off 0.7%; no settlement on Friday with market closed

RPT-EXCLUSIVE-CIMB alleges "suspicious" Hontop Energy oil deals with BP-affidavit

Jul 05 2020

SINGAPORE, July 5 Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy.

Exclusive: CIMB alleges 'suspicious' Hontop Energy oil deals with BP - affidavit

Jul 04 2020

SINGAPORE Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy.

Aramco Trading sells crude from Malaysia as refinery remains shut: sources

Jul 03 2020

SINGAPORE Aramco Trading Co (ATC), has sold close to 10 million barrels of crude oil it held around Malaysia since its joint venture refinery with Petronas was shut in March following a fire, four trade sources said.

Oil falls in second straight session as virus cools demand

Jun 28 2020

SINGAPORE, June 29 Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand.

Asia's oil demand recovery remains fragile: Petronas CEO

Jun 19 2020

SINGAPORE The recovery in Asia's demand for oil remains fragile despite the reopening of economies across the region, as a second wave of coronavirus outbreaks could hit consumption again, the outgoing head of Malaysia's Petronas said.

World News