oil prices

Broker's Calls

Large cash hoard to help Penguin International ride out choppy waves

SINGAPORE (June 3): Phillip Capital is downgrading its recommendation on Penguin International to “accumulate” from “buy” with a lower target price of 55 cents from 88 cents previously.

Broker's Calls

Analysts keeping hopes up on Sembcorp Marine despite double whammy hit

SINGAPORE (May 14): Analysts are mostly neutral on Sembcorp Marine (SembMarine), but with hopes that a restructuring within the Sembcorp-Keppel Group will help the company.

Oil

Finally we are being paid to consume oil

SINGAPORE (Apr 24): Oil prices — as measured by May Futures of West Texas Intermediate  expiring Tuesday afternoon April 21 Texas time — fell well below zero today.

Global Economy

When US$8 tril global fiscal stimulus still is not enough

(Apr 24): As governments dedicate more than US$8 trillion ($11.39 trillion) to fight the Covid-19 pandemic, a further widening in the gap between rich and poor countries threatens to exacerbate the

Oil prices have plunged to unprecedented levels. Now what?

Oil

Oil prices have plunged to unprecedented levels. Now what?

SINGAPORE (Apr 21): The benchmark West Texas Intermediate (WTI) plunged into negative territory for the first time in history, as crude oil prices plummeted 300% to around minus US$40 per

Oil

Finally we are being paid to consume oil

SINGAPORE (Apr 21): Oil prices — as measured by May Futures of West Texas Intermediate  expiring Tuesday afternoon April 21 Texas time — fell well below zero today.

STI watch

Market remains optimistic even as confirmed coronavirus cases hit record highs amid 'circuit breaker'

SINGAPORE (Apr 20): Midway through Singapore's month-long "circuit breaker" measures to curb the novel coronavirus outbreak, investors are optimistic that the worst could be over.

STI watch

Market buoyed by more government handouts to mitigate 'circuit breaker'

SINGAPORE (Apr 13): Investor confidence surged last week, even as Singapore’s kick off a month-long “circuit breaker” period to curb the spread of the coronavirus on April 7.

Oil

Oil price war ends: Trump turns hero as OPEC+ cuts historic deal

(Apr 13): The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia.

STI watch

Investors remain optimistic as Singapore 'circuit breaker' kicks in

SINGAPORE (Apr 7): The benchmark Straits Times Index (STI) climbed 1.41% on Tuesday morning, as investors brushed aside any jitters from the month-long "circuit breaker" that sees all non-essential

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