crude oil prices

Global Economy

Is economic winter coming?

(Nov 18): What could trigger a recession in the US? In the past, a tightening labour market after a period of expansion served as an early warning sign. Workers would become more difficult to find, wages would start climbing, corporate profit margins woul

Markets

Trump hints at end to trade war; Asian stocks gain appetite on global trade optimism

SINGAPORE (Sept 30): US President Donald Trump said on Sept 25 that a deal to end a 15-month trade war with China could happen sooner than people thought and that the Chinese were making big agricultural purchases from the US, including of beef and pork.

Investing ideas

Golden-Agri likely to end FY19 with losses, but can it reverse out of the red in FY20?

SINGAPORE (Aug 27): Golden-Agri Resources must be feeling an awful sense of deja vu after the 2Q19 results announcement.

Global Economy

Slowdown more likely than global recession, says Oxford Economics, unless ...

SINGAPORE (Mar 25): The global economy may continue to slow down in the near term but the world will probably dodge a recession this year unless it is hit by big shocks or serious policy errors, says Oxford Economics.

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 company bets on a recovery in the offshore sector.

RHB strategy for 2017

As SIBOR rises, so do the earnings of this bank stock

SINGAPORE (Jan 9): RHB expects DBS’ share price performance, which was already strong since the US presidential election results, to surge even further from higher Singapore interest rates in the near-term.

Crude Oil

Oil climbs to 17-month high on Saudi pledge, non-OPEC output cut

(Dec 13): Oil advanced to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year.

Results

Nordic Group’s 3Q earnings rise 14% to $3.6 mil on reduced expenses

SINGAPORE (Nov 11): Nordic Group posted earnings of $3.6 million for 3Q16, 14% higher than $3.2 million in the previous year, which was mainly due to lower costs.

Broker's Calls

How much will OPEC proposed deal benefit O&M players?

SINGAPORE (Sept 30): CIMB is maintaining its “underweight” call on the Offshore & Marine sector despite the proposed cut in production by the Organization of Petroleum Exporting Countries (OPEC) announced on Friday.

Oil supply cutback ‘not yet over,’ says Oxford Economics

SINGAPORE (July 20): A recent bounce in oil prices might have eased pressure for cutbacks in oil supply, but the adjustment process may not yet be over given much lower investment and depressed margins.
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