OIL & GAS

Oil fell below US$72 a barrel after the Federal Reserve tilted toward tightening monetary policy, aiding the dollar and offsetting signs that the crude market is tightening.

KrisEnergy says the estimated ultimate recovery from the five development wells in the Apsara oil development is “likely to be a small fraction” of the pre-development estimates due to significantl

Fitch Solutions believes that despite disruptions caused by the blocking of the Suez Canal, any impact on oil prices will be short-lived as the market should able to absorb the disruption

The Energy Market Authority (EMA) has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) as new term liquefied natural gas (LNG) importers for Singapore.

Brent crude futures surged above US$70 ($93.91) a barrel on Monday for the first time since the Covid-19 pandemic began, while US crude touched its highest in more than two years, following reports

Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.

Brent oil blew past US$65 ($86.37) a barrel as a cold blast that’s taken out almost 40% of US crude production morphed into a global supply shock.

Oil was steady in Asia after jumping the most in three weeks on optimism over the demand outlook and amid a broad market rally.

North Asia’s liquefied natural gas benchmark rose above US$30 ($39.67) per million British Thermal units for the first time, breaking a barrier that few thought possible.

Oil retreated as the dollar strengthened, with the steam coming out of a recent rally, even as President-elect Joe Biden proposed a huge US stimulus package and China’s economic recovery gathered p