A 90 per cent-owned unit of Rex International will divest its 20 per cent participating interest in the Barents Sea licence PL850 to an external third party, as part of a bid by the oilfield services...

[NEW YORK] Crude futures steadied late in the session on Friday, following the stock market slightly higher after earlier swinging lower on a weakening oil demand outlook.

THE BOTTOM LINE

TESLA'S competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids. ...

[SINGAPORE] Oil in London extended losses for a third day on signs that the potential impact of impending US sanctions on Iranian supplies may be mitigated.

OIL ECONOMICS

WHILE US oil traders are bullish that crude oil could surge to US$100 a barrel by next year, analysts and economists here are more measured about the commodity's price...

OIL ECONOMICS

A GROWING need for more plastics and petrochemicals in the developing world will be the leading driver of oil demand, outpacing planes, trains and automobiles, according to the International Energy...

[LONDON] Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency (IEA) said on Friday.

[NEW YORK] Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from...