SINGAPORE : Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3 pe
SINGAPORE : Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market.
Saudi Arabia will extend its 1 million barrels per day output cut into August and Russia will cut crude exports by 500,000 bpd. Instead of cutting output, Russia will be using the crude to produce more fuel to meet domestic demand, a government source told Reuters on Friday. In the Gulf, Iran's seizure of a supertanker managed by U.S. major Chevron last week raised concerns about the threat to shipping in the region, including in the Strait of Hormuz.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Study ranks Singapore as highest functioning state in the world - Singapore NewsA well-functioning state is defined as one where a patient who needs an X-ray can get an appointment for one on time, has schools all over the country, and has electricity supplied to its residents day and night.
Read more »
Tips on how to secure your concert tickets in Singapore - Singapore NewsYou are now one step closer to securing your tickets with these tips! Good luck!
Read more »
Morning Digest, July 8 - Singapore NewsHere are the top stories you might've missed...
Read more »
Miss Hong Kong 2023 hopefuls to look out for, including a former Miss Singapore contestantThe Miss Hong Kong 2023 pageant is almost upon us. After months of selection, the final rounds of interviews for the 26 hopefuls were broadcast last Sunday (July 2). Four were eliminated, bringing us to the upcoming preliminary event and main pageant, the latter of which is set to be held on Aug 27. Among the 22 who are shortlisted,...
Read more »
Just opened July 2023: New restaurants, cafes and bars in Singapore this monthTired of dinning and boozing at the same old hotspots around town? Well, we've got some news for you! This month, mark your checklist with the best of Japanese cuisine, modern Malayan notes, as well as tipples, beers and more to indulge in. Here are the newly opened restaurants, cafes and bars in Singapore this July. Tanjong Pagar has gained...
Read more »
Tan Kin Lian in two minds about contesting upcoming presidential election - Singapore NewsWhen asked about his intention to run for the presidency, he playfully responded: 'I have leg pain. I am now seeing my doctor. I can't run.'
Read more »