Crude Oil

Crude Oil

Why did Hin Leong collapse?

SINGAPORE (Apr 24): Nick Leeson, the trader who blew up Barings Bank in 1995, was fond of Harry’s Bar in Boat Quay. He used to sample the cocktails to take the sting out of the day.

Oil prices in negative territory for first time

Crude Oil

Oil prices in negative territory for first time

(Apr 21): Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S.

Crude Oil

Oil drops to 21-year low with storage filling as demand shrivels

(Apr 20): Oil extended its slide, falling to the lowest in more than two decades, on concern the world is rapidly running out of places to store crude after output cuts proved insufficient to cope

Crude Oil

The end of petroleum diplomacy

SINGAPORE (Jan 23): The muted and short-term reaction in the crude oil market on the escalation of conflict between the US and Iran signals the end of petroleum diplomacy between the oil states, es

Crude Oil

Oil market gripped by uncertainty over lost Saudi production

(Sept 17): Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.

Crude Oil

Oil prices soar 10% after attack on Saudi facilities hits global supply

SEOUL/NEW YORK (Sept 16): Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia’s oil facilities on

Crude Oil

Attack on Saudi oil plant is what everyone feared

(Sept 15): Middle East geopolitics have come back with a vengeance to hit the oil market. What everybody feared has happened.

Crude Oil

Trump says Khashoggi likely dead, warns of 'severe' consequences

(Oct 19): President Donald Trump said it “certainly looks” like missing journalist Jamal Khashoggi is dead and warned of “very severe” consequences for the killing.

Crude Oil

Rex’s Norway subsidiary divesting stake in non-core Barents Sea asset

(Oct 15): Rex International’s 90% subsidiary Lime Petroleum AS is divesting its 20% stake in the Barents Sea licence PL850, a non-core asset, to an external third party.

Crude Oil

Transocean to buy Ocean Rig in US$2.7 bil deal

(Sept 4): Offshore oil driller Transocean said on Tuesday it would buy peer Ocean Rig UDW Inc in a US$2.7 billion ($3.7 billion) cash-and-stock deal, its second major acquisition this year as the c

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