Rosneft

BP to exit Rosneft stake and take US$25 billion hit

(Mar 6): Rosneft is opening a trading arm in Singapore as part of a pivot to Asia, the world’s biggest and fastest-growing energy-consuming region, where the Russian state oil major plans to manage new projects and boost oil sales.

SINGAPORE (June 28): Risk-off sentiment resulting from the Brexit decision is likely to continue to weigh on oil prices, making it it more difficult for oil to trade sustainably above the US$50/bbl level in the near-term, says DBS in a Monday report.