The Business Times
business-time-50
SUBSCRIBERS

Oil rises on report of Saudi plan to balance market

google-preferred-sourceAdd BT as a preferred source
Published Thu, Dec 3, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    London

    OIL prices rose from near-2015 lows on Thursday after a report sourced to a senior Organization of the Petroleum Exporting Countries (Opec) delegate said Saudi Arabia would propose a deal to balance oil markets with non-Opec help next year.

    Benchmark Brent crude futures were up 88 cents, more than 2 per cent, at US$43.37 a barrel at 0955 GMT. US crude was trading 64 cents higher at US$40.58 a barrel after sinking below US$40 on Wednesday.

    oilSaudi ArabiaOpec

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Visitors at the KL Tower. Industry observers say inbound trip cancellations have surged to approximately 5,000 in the past month.

    Malaysia tourism hit by fuel shock; tour prices may jump 50%

    Allen & Gledhill partner Dinesh Dhillon led the legal team representing Kiri Industries throughout the decade-long dispute.

    Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More