oil & gas prices

Oil & Gas

US to sell 26 mil more barrels from strategic oil reserve

The congressionally mandated sale will amount to 26 million barrels of crude, according to people familiar with the matter.

Oil & Gas

China reopening will be 'key support' for oil in 2023: DBS

The analysts expect Brent crude oil prices to average between US$85 to US$90 per barrel in 2023.

Oil & Gas

Oil set for fourth weekly loss with rate hikes darkening outlook

West Texas Intermediate futures edged higher toward US$84 ($119.17) a barrel, but are still down more than 1% for the week.

Oil & Gas

The era of expensive oil is here to stay

Demand for fuel is still growing as the world picks up where it left off before Covid-19 lockdowns: Bloomberg's Will Kennedy.

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

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.

Transport

ComfortDelGro to raise taxi fares temporarily due to increase in fuel prices

The temporary fare increase will take effect from April 4.

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.

Broker's Calls

Will oil prices hit US$200 a barrel? DBS seems to think so

“Spikes even up to US$150 per barrel [for FY2022] cannot be ruled out,” according to the analysts at DBS.

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.
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