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OIL & GAS

OIL & GAS

Oil declines below US$72 a barrel following the Fed’s hawkish tilt

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 expects adverse impact on revenue due to lower production from the Apsara wells - THE EDGE SINGAPORE

OIL & GAS

KrisEnergy expects adverse impact on revenue due to lower production from the Apsara wells

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

Suez Canal blockage should have limited impact on oil prices: Fitch Solutions - THE EDGE SINGAPORE

OIL & GAS

Suez Canal blockage should have limited impact on oil prices: Fitch Solutions

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

OIL & GAS

EMA appoints ExxonMobil LNG and Sembcorp Fuels as term LNG importers for Singapore

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.

OIL & GAS

Brent crude spikes past US$70 for first time since Covid after attack on Saudi facilities

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

OIL & GAS

Exxon Mobil to cut about 300 jobs in Singapore as big oil retrenches

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.

OIL & GAS

Brent oil passes US$65 with US crisis now a global supply shock

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 holds biggest advance in three weeks on demand optimism - THE EDGE SINGAPORE

OIL & GAS

Oil holds biggest advance in three weeks on demand optimism

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

OIL & GAS

Asian LNG breaks US$30 barrier as cold makes traders scramble

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 & GAS

Oil retreats to below US$52 on stronger dollar

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

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