Oil

Oil

Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due to pull back from production cuts in August while an increase in COVID-19 cases world

Oil

SocGen shuts trade commodity finance unit in Singapore after Hin Leong collapse

Societe Generale SA is closing its trade commodity finance unit in Singapore after the collapse of Hin Leong Trading (Pte) Ltd.

Oil

BP Singapore oil traders placed on leave amid disputed deals

(20 July): BP Plc has placed some personnel from its Singapore-based crude oil team on leave after they were mentioned in court documents filed in disputes between banks and other trading houses, s

Oil

Oil prices dip on rising number of coronavirus cases

(July 20): Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand.

Oil

Crude oil prices open lower on expectations of increased production following OPEC+ meeting

SINGAPORE (July 14): Crude Oil futures contracts opened lower on Tuesday following a rising number of Covid-19 cases.

Oil

End-of-year Brent oil price targeted at US$40 as OPEC increases production: Pictet Wealth Management

SINGAPORE (July 13): With signs that oil supply and demand are moving into balance as the world emerges from the COVID-19 pandemic, Pictet Wealth Management has revised upward its year-en

Oil

CIMB accuses Hontop Energy of 'suspicious' oil deals

(July 9): Malaysia’s CIMB Bank Bhd.

Oil

Singapore oil trader ZenRock says it plans to wind down business by August

(July 8): Troubled Singapore-based oil trader ZenRock has plans to wind down its business, with employees across offices in the city-state and China set to depart by August, according to people wit

Oil

Oil hovers at US$43 a barrel on tightening crude supplies against surging Covid-19 infections

(July 6): Oil in London was anchored near US$43 ($59.94) a barrel as investors weighed tightening crude supplies and robust US economic data against surging coronavirus infections.

Oil

Oil tankers off Singapore shed light on Asian recovery

(June 26): For an insight into Asia’s oil demand recovery and the health of global energy markets, look no further than the fluctuating volumes and shifting composition of the hoard of crude and fu

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