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Oil & Gas

Oil & Gas

Rex International subsidiary acquires 40% stake in two North Sea licenses with two discoveries

The licenses come with the Iving and Evra discoveries and are located in the Utsira High area.

Oil & Gas

Oil advances after slumping on back of IEA reserve release plan

West Texas Intermediate rose past US$97 ($131.89) a barrel after retreating by more than US$5 on Wednesday.

Oil & Gas

Singapore raises power tariffs by 10%, adding to price pressures

Significantly higher crude oil and gas prices in the first quarter of this year prompted the tariff increase, says SP Group.

Oil & Gas

Biden orders record oil release from US reserve to tame prices

Biden will order as much as 180 million barrels released from US reserves over the next several months.

Oil & Gas

Oil surges as Ukraine war tightens supply, tensions in the Middle East rise

Oil surged for a third day as the war in Ukraine neared the end of its first month with no conclusion in sight.
Higher oil and food prices weigh on India's outlook - THE EDGE SINGAPORE

Oil & Gas

Higher oil and food prices weigh on India's outlook

Putin’s invasion of Ukraine has altered the market’s near-term risk/reward dynamics.

Oil & Gas

Why US$100 for a barrel of oil could be bad for the energy transition

For now, the big question for oil markets is what happens in Ukraine.
Banks' exposure to commodity trading houses are likely to be limited  - THE EDGE SINGAPORE

Oil & Gas

Banks' exposure to commodity trading houses are likely to be limited

Reports indicate that commodity trading houses are getting margin calls. Their banks are European with a few exceptions

Oil & Gas

Top Traders Gunvor, Mercuria Squeezed by Soaring Gas Markets and Seek Cash

Commodity traders Gunvor and Mercuria could be squeezed by rising gas prices and margin calls

Oil & Gas

J P Morgan strategist who nailed energy surge says rally not over

The case for prolonged outperformance is now in place for the energy sector.
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