oil industry


Wrong-way bet on Covid is changing the oil-trading industry forever

In January, as a mysterious illness ripped through the Chinese city of Wuhan, global oil prices plunged.


Oil prices to remain under pressure till 3Q, say analysts

SINGAPORE (Apr 24): The once-invincible black gold made history this week when it crashed into negative price territory, as sellers frantically signal that they are willing to pay buyers to rid the

Global review

Gold unlikely to shine in this crisis

SINGAPORE (Apr 24): The team at CGS-CIMB Research believes gold is expected to rally a bit further from here, in line with the rebound in global equities.


Potential reprieve for Hin Leong as Sinopec eyes oil terminal

(Apr 23): Chinese state energy company Sinopec is in early-stage talks with Hin Leong Trading Pte Ltd to buy a stake in an oil storage terminal that is partly owned by the Singapore trader, accordi


The global oil market is broken, drowning in crude nobody needs

(Mar 29): The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.


Malaysia lockdown could spell disaster for key palm oil industry

(Mar 18): Malaysia’s decision to restrict movement nationwide in an effort to stop the spread of the coronavirus is raising fears it could imperil the country’s vital palm oil industry.


Oil war may revive China's yuan ambitions

(Mar 17): The world’s biggest oil importer has found itself contemplating rock-bottom prices and the opportunity for an unprecedented power play.


Demand collapse pins oil below US$30 amid deepening global rout

(Mar 17): Oil futures traded near a four-year low below US$30 ($42.57) a barrel as the shut down of swathes of the world’s economy triggers a meltdown in global fuel demand.


The dramatic rise and fall of shale oil

(Mar 13): On the morning of March 2, 2016, a large SUV smashed against the side of a bridge overpass in Oklahoma City.


There are oil bargains in Asia after virus batters demand

SINGAPORE (Feb 5): Oil sellers are looking for alternative buyers in Asia for prompt cargoes as Chinese demand dries up because of the coronavirus and some customers ask to defer purchases.