energy minister

 
 

Opec-Russia talks set to keep oil cuts even as glut vanishes

DUBAI, April 18 — Opec and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place. Almost…


Opec political crises threaten to double its million-barrel cut

LONDON, April 11 ­— The deal Opec struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship. By year-end, the group may have lost the same amount of crude…


U.S. crude hits highest since 2014 on missile concerns

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NEW YORK/SINGAPORE/LONDON (April 11): Oil hit its highest in more than three years on Wednesday, after Saudi Arabia said it intercepted missiles over Riyadh and…


Oil hovers near 2014 peak as geopolitics vye with US supply

LONDON, April 11 — Oil held near its highest in nearly three years today, supported by political tension in the Middle East, although evidence of rising US crude supply acted as a counterbalance. Brent crude has gained 5.7 per cent this week,…


Aramco takes step to integrating petrochems into US’ biggest refinery

HOUSTON, April 8 — Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco’s Chief Executive Amin Nasser signed…


Oil falls on Trump’s latest China trade threats

NEW YORK, April 7 — Oil prices fell about 2 per cent yesterday after US President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world’s two largest economies that could hurt global growth. Trump…


Oil drops after Trump threatens new China trade tariffs (VIDEO)

SINGAPORE, April 6 — Oil prices fell today after US President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. President Trump said yesterday he had ordered US trade…


Thai billionaire sees wealth halved as Energy Absolute plunges

BANGKOK, April 4 — Energy Absolute Pcl’s Chief Executive Officer Somphote Ahunai has seen almost half of his fortune erased after shares of the renewable energy company he founded turned into the industry’s worst performer the past month….


Oil edges higher with Wall Street, Brent well below US$70

NEW YORK, April 4 — Oil edged up yesterday, supported by a recovery in the equities market and on a technical bounce for crude after the biggest daily percentage drop in almost a year, but Brent futures stayed well below US$70 (RM270) a barrel….


Oil holds near two-week low on concern of US-China trade clash

SEOUL, April 4 — Oil recovered slightly after yesterday’s selloff, but remained near a two-week low on concerns about an escalating trade war between China and the US Futures added 0.3 per cent in New York after losing 3 per cent yesterday….