Asia Oil and Gas

CSE Global has outperformed analyst expectations as it recorded a net profit of $28 million in FY2020 ending December.

After negative oil prices in April, Maybank Kim Eng things are looking up for oil in Southeast Asia.

(Oct 9): Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said.

(May 8): Saudi Arabia’s oil minister said he’s confident that an agreement by producers to curb crude output and shrink a market glut will be extended into the second half of the year and possibly beyond.