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US crude settles at $47.72, tumbling for 7th session o...
What keeps OPEC awake at night Monday, 13 Mar 2017 | 7:05 PM ET | 01:31 Oil prices slid to three-month lows on Tuesday after OPEC reported a rise in global crude stocks and a surprise jump in self-reported production from its biggest member, Saudi Arabia, that came despite output curbs by the group. Even though OPEC made an upward revision to its global …
North Asian Oil, Gas Prices Set To Rise As Winter Is C...
[:en]An early winter spell in North Asia is expected to raise oil, gas, and coal demand for power plants and domestic heating, which means there are big chances that fossil fuel prices in the region would further increase, analysts believe. According to experts in commodity markets, the La Nina weather pattern – which results in colder than usual temperatures in the equatorial Pacific Ocean …
Oil spice: With $3 billion port, Malacca eyes slice of...
By Roslan Khasawneh | KUALA LUMPUR Once at the heart of the global spice trade, Malacca is pumping nearly $3 billion into an ambitious plan to put itself in demand in a different hot commodity – oil. The Malaysian state is reclaiming land along the Straits of Malacca to build a port that can handle the biggest tankers on the planet. The target: a …