Oil prices edged lower in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains on a tighter supply outlook, while investors eyed elevated interest rates that could curb demand.

Oil prices edge lower as Russia eases fuel export ban

KUALA LUMPUR (Sept 25): Bumi Armada Bhd announced that its wholly owned subsidiary Armada Akia BV has signed a production sharing contract (PSC) with the Ministry of Energy and Mineral Resources of Indonesia for exploration in the Tarakan Basin of the North Kalimantan province of Indonesia (Akia PSC).

Bumi Armada’s unit signs production sharing contract for exploration in Kalimantan, Indonesia

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.

Oil climbs with tight supply back in focus

Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia's fuel export ban against demand woes from future rate hikes.

Oil ends week lower as demand concerns face Russia supply ban

Oil prices rose on Friday as renewed global supply concerns from Russia's fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates.

Oil prices edge up as Russia fuel export ban stokes supply fears

European natural gas prices fell as Chevron Corp and labour unions in Australia agreed to end strikes at major export plants that roiled the market for more than a month.

European gas prices drop as Australia LNG strikes called off

The complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.

China climate envoy says phasing out fossil fuels 'unrealistic'

Chevron Corp and labour unions reached an agreement to end strikes at key liquefied natural gas (LNG) facilities in Australia that have roiled the global market for the fuel.

Chevron and unions agree to end Australian LNG strikes

Russia temporarily banned exports of diesel in a bid to stabilize domestic supplies, driving European prices higher in already tight global fuel markets.

Russia temporarily bans diesel exports; European prices jump

Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect in order to stabilise the domestic market, the government said on Thursday.

Russia temporarily bans fuel exports to most countries in response to shortages

Oil prices fell on Thursday, after posting the largest decline in a month in the previous session, as the US Federal Reserve held rates but signalled potential future hikes, offsetting the impact of drawdowns in US crude stockpiles.

Oil falls as US rate hike expectations offset tight supply outlook

Morgan Stanley has raised its Brent oil price forecasts, saying the market could remain under-supplied for several quarters especially after Saudi-Russian output cuts, but said prices above US$100 a barrel would seem "stretched."

Morgan Stanley ups Brent forecasts on Saudi-Russia cuts, says US$100 per barrel 'stretched'

Chevron Corp and unions are close to a deal that would end strikes at liquefied natural gas (LNG) plants in Australia that have roiled global markets, with the nation’s labour regulator putting forward new proposals to resolve remaining disputes.

Chevron and unions reviewing new plan to end LNG strikes

Oil prices fell on Wednesday ahead of the US Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand.

OIL & GAS

‌
‌

OIL & GAS

‌‌

‌
‌