oil production

OPEC+ makes surprise 1 million-barrel oil production cut - THE EDGE SINGAPORE

Oil & Gas

OPEC+ makes surprise 1 million-barrel oil production cut

The move adds up to a production cut of about 1.1 million barrels a day starting next month, which is a significant reduction.

Oil & Gas

The dramatic rise and fall of shale oil

Most listed shale plays are down 80 to 90% from their recent highs. So what's next?


Harvey makes landfall in Saudi Arabia

(Sept 4): Hurricane Harvey has devastated the Gulf Coast, and its impact is now spreading out to the rest of the US, chiefly at gas pumps.

Crude Oil

Saudis curb oil to China, Southern Asia as others spared

SINGAPORE (Jan 12): Saudi Arabia was said to cut February crude sales to China and southern Asian nations while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.

Rex International says it remains a going concern; embarks on new cash-generating initiative

SINGAPORE (Sept 5): Rex International Holdings says the group’s operations remain a going concern, even as its share price has fallen 47% year to date, hit by falling oil prices, the news of Swiber’s bankruptcy, and the debt woes of other oil and gas