|Day's range||63.58 - 65.26|
Investing.com - Crude prices rose to the best levels of the session on Wednesday, hitting a six-week high, after data showed that U.S. oil stockpiles fell unexpectedly last week as refinery activity picked up.
In a meeting with U.S. President Donald Trump, Saudi Arabia’s Crown Prince bin Salman noted that the global oil market is close to regaining stability
Russia's state oil company Rosneft (ROSN.MM) and Italy's Eni (ENI.MI) did not make a commercial oil discovery in the Black Sea as the well they were drilling proved to be dry, a source close to the operations told Reuters on Wednesday. Rosneft chief executive, Igor Sechin, has partnered with a number of foreign companies to develop Russia's offshore regions, though western sanctions have forced some of its partners such as ExxonMobil (XOM.N) to suspend projects. Sechin has counted on the Black Sea as an area with high potential and any discovery would help send a message that the sanctions will not seriously hamper Rosneft's global standing or cooperation with other global players.
Investing.com - Crude oil prices were hovering at multi-week highs on Wednesday, as potential supply disruptions due to tensions in the Middle-East continued to support, as well as upbeat U.S. stockpile data.
* Palm charts third straight day of gains * Market also up before zero export tax on CPO period ends -trader (Updates with closing prices, quote) By Liz Lee and Emily Chow KUALA LUMPUR, March 21 (Reuters) ...
DUBAI, United Arab Emirates (AP) — China's state-run national petroleum company has signed a deal worth $1.18 billion for stakes in two oil and natural gas concessions in the United Arab Emirates' capital of Abu Dhabi.
March 21 (Reuters) - Sarawak Oil Palms Bhd: * FEB FFB PRODUCTION 84,366 MT; FEB CRUDE PALM OIL PRODUCTION 26,328 MT; FEB PALM KERNEL PRODUCTION 5,796 MT Source text :( http://bit.ly/2Gb2Krj ) Further ...
March 21 (Reuters) - Sapura Energy Bhd: * UNIT WINS CONTRACT FROM MUBADALA PETROLEUM FOR PROCUREMENT, CONSTRUCTION & INSTALLATION WORKS FOR PEGAGA DEVELOPMENT PROJECT Source text : ...
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures climbed in Tuesday evening's trade to chart a second ...
Oilfield services provider Baker Hughes GE (BHGE) is on the hunt for smaller oil and gas projects in Asia Pacific to replicate a project in Papua New Guinea where it is providing services and financing, a senior company executive said. The company, formed from the merger of GE's oil and gas services and equipment business and Baker Hughes, is seeing signs of renewed interest in oil and gas projects in the region, driven by smaller firms, Asia-Pacific President Visal Leng said on the sidelines of the OTC Asia conference.
British oil major BP will drill its first deepwater exploration well at a block it operates in the southern Gulf of Mexico during the third quarter of 2020, according to a plan approved Tuesday by Mexican oil regulator CNH. The four-year exploration plan for the block located in the Gulf's Salina Basin is also expected to lead to an investment of $199.5 million (£142.5 million) and add up to 75 million barrels of oil equivalent in reserves, according to the CNH. Norway's Statoil and France's Total are equity partners in the BP-led consortium, which won the development rights to the block in Mexico's first-ever deepwater oil auction in late 2016.
China’s historic oil futures contract is set to launch this week, and while Beijing believes in its success, extreme price volatility could spoil the party