Oil edges lower on oversupply concerns as OPEC+ set to raise output

Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due to pull back from production cuts in August while an increase in COVID-19 cases world


Crude oil prices open lower on expectations of increased production following OPEC+ meeting

SINGAPORE (July 14): Crude Oil futures contracts opened lower on Tuesday following a rising number of Covid-19 cases.

Broker's Calls

Crude oil prices to hold firm at US$40 a barrel on higher Opec+ production cut: Maybank KE

SINGAPORE (July 9): A deeper cut in production by members and non-members of the Organization of the Petroleum Exporting Countries (Opec+) is expected to support crude oil prices at US$40 a barrel.

Broker's Calls

Maybank Kim Eng sees crude turnaround in ASEAN

SINGAPORE (May 21): In the wake of much publicised negative turn in oil prices, Maybank Kim Eng (MBKE) analysts predict a recovery in oil prices and oil-related stocks.

Broker's Calls

Crude futures cheered amid rumours of surprise Saudi production cut, but uncertainties remain

Singapore (May 12): Following a steep drop in crude oil prices stemming from the Covid-19 demand shock, crude oil futures markets looked up slightly this morning as Saudi Arabia is expected to anno


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.


While Trump seeks pricier oil, China saves US$250 mil daily

(Mar 25): As the US finds itself in the unfamiliar position of lobbying for higher oil prices, China’s enjoying what amounts to a major rebate from crude’s crash just as it tries to recover from th


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.


Crude oil prices see double whammy from Covid-19, Opec+ spat; likely to stay low ahead

SINGAPORE (March 13): Crude oil prices have already taken a blow since the start of 2020.


Market observers shun oil and services sectors, but some locally listed names could shine

SINGAPORE (Dec 20): Saudi Arabian Oil Co (Saudi Aramco), the kingdom’s national oil corporation (NOC) and world’s biggest oil producer, had a positive debut on the Tadawul exchange.

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