Monday, 20 March 2017 BEIJING: China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the 2 countries said in a joint communique at the end of Saudi Arabian King Salman bin Abdulaziz Al-Saud’s visit to Beijing. The world’s largest oil …
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Tuesday, 14 Feb 2017 : Base oil, also known as base oil or blending oil, is extracted from a variety of flowers, vegetables, roots, seeds, fruits, thinking of non-volatile oils, is 60 ° below the cold extraction. Its main ingredient is linoleic acid, and because the extraction of raw materials, …
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Friday, 3 February 2017 More than 50 tonnes of oil slick has been removed along the coastline in the southern Indian city of Chennai after an oil tanker collided with a cargo vessel on 28 January. The spill has been threatening marine life in the ecosystem as reports suggest that …
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Friday, 13 January 2017 PETALING JAYA: Despite oil prices having risen the fastest in 6 months, analysts are saying that prices of the commodity will remain volatile over the next few months, given the geopolitical uncertainties. On 10 December, the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC producers …
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Friday, 30 December 2016 NEW YORK: Oil futures dipped on Thursday after a surprise build in U.S. crude inventories reversed an advance in prices that had boosted the benchmarks to their highest levels since July last year. U.S. crude stocks unexpectedly rose for the second straight week, data from the …
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Thursday, 22 December 2016 NEW YORK: Oil futures fell on Wednesday after Libya said it expects to boost production over the next few months and a report showing a surprise build in U.S. crude inventories last week. Brent futures for February delivery fell 89 cents, or 1.6%, to settle at …
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Thursday, 22 December 2016 KUALA LUMPUR: Second Finance Minister Datuk Johari Abd Ghani says Petroliam Nasional Bhd’s (Petronas) plan to reduce output in January 2017 would not significantly affect the government’s reserve. The impact of the reduction would be compensated by a rise in crude oil prices. Petronas produces almost …
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Wednesday, 21 December 2016 KUALA LUMPUR: Tanjung Offshore Bhd’s subsidiary has secured a RM100mil contract from Repsol Oil & Gas Malaysia Ltd to supply manpower over a three-year period. Tanjung Offshore Services Sdn Bhd was selected as one of the successful contractors for the umbrella contract for the supply of …
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Tuesday, 20 December 2016 SINGAPORE: Oil prices moved very little on Tuesday, with liquidity fading in the run-up to the Christmas weekend. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $52.11 per barrel at 0035 GMT, virtually unchanged from their last settlement. International Brent crude oil futures …
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Saturday, 10 December 2016 NEW YORK: Oil prices rose about 1% on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut. Both Brent and U.S crude futures, however, notched their first …
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