Saudi Arabia's oil giant Aramco said on Thursday it agreed to acquire a strategic minority stake in liquefied natural gas company MidOcean Energy for US$500 million (RM2.3 billion), with an option to increase the size of the shareholding.

Saudi Aramco to buy stake in EIG's MidOcean Energy to tap into LNG 

US oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from Opec+ output cuts.

Oil prices climb on crude draw, tight global supply 

KUALA LUMPUR (Sept 27):  A total of 20 Malaysian oil and gas (O&G) companies will be participating in this year’s Abu Dhabi International Petroleum Exhibition and Conference (Adipec), the largest O&G exhibition in the Middle East.

Malaysian firms to participate in Abu Dhabi's biggest O&G exhibition

A senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy isn’t holding up as carbon emissions continue to rise.

World’s top stock owner calls out Big Oil as carbon levels go up 

Oil prices rose nearly US$1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the US economy.

Brent crude futures rose 86 cents, or 0.9%, to US$94.82 a barrel by 0340 GMT, while US West Texas Intermediate crude futures climbed 86 cents, or 0.9%, to US$91.25.

Oil prices climb as markets focus on supply tightness

Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the US economy.

Brent crude futures rose 33 cents, or 0.4%, to US$94.29 a barrel by 0015 GMT, while US West Texas Intermediate crude futures climbed 31 cents, or 0.3%, to US$90.70.

Oil prices edge higher as markets focus on supply tightness

Oil prices fell on Tuesday as a stronger US dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer.

Oil prices fall as economic outlook outweighs tight supply

Oil is headed as high as US$150 (RM703.20) a barrel unless the US government does more to encourage exploration, according to Continental Resources Inc, the shale driller controlled by billionaire Harold Hamm.

Oil headed for US$150 without US support for more drilling, shale CEO says

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.

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