Oil price

'Current prices make it very hard for anybody across the supply chain to make profit'

SINGAPORE (Jan 23): The Tantallon India Fund closed up +1.82% in December with markets remaining volatile into the year-end with civil protests against the introduction of the new Citizenship Law, and muted consumption and manufacturing data raising quest

(Aug 21): Total SA has agreed to buy the oil and gas unit of AP Moller-Maersk A/S for US$4.95 billion ($6.75 billion), another sign that the pace of deals in the energy sector is accelerating after a long downturn.

(June 14): If a single ship can capture the current state of the global oil market, it’s the supertanker Saiq, floating idly about 850 kilometers (530 miles) south of the Canary Islands.

SINGAPORE (Aug 11): UOB Kay Hian is downgrading Singapore shipyards to “underweight” as orders are put on hold, aborted or delayed amid the low oil price environment.

NEW YORK (Aug 3): Oil prices dropped below the US$40 ($53.60) dollar mark in New York for the first time since April as bear markets continued.