[RIO DE JANEIRO] Brazil's Petrobras took a 65.3 billion real (S$15.79 billion) impairment on its exploration and production assets on Thursday, warning investors that changes in consumer behaviour...

[NEW YORK] Oil prices settled higher on Thursday after the International Energy Agency (IEA) forecast lower global stockpiles in the second half of 2020, although worries remain that a second...

HIT hard by the double whammy of the Covid-19 pandemic and the collapse in oil prices, Sembcorp Marine (SembMarine) will be deferring all non-essential capital expenditures (capex) to preserve...

[RIYADH] Energy giant Saudi Aramco on Tuesday reported a 25 per cent slump in first-quarter net profits due to low oil prices, saying the coronavirus crisis will dampen demand and full-year...

[NEW YORK] US oil prices were 5 per cent higher while Brent crude rose above US$26 per barrel on Friday, with both benchmarks posting their first weekly gain in four weeks as the Organization of...

[KUALA LUMPUR] Malaysia's largest oil and gas services company Sapura Energy said on Thursday it expects a delay in projects due to the historic rout in oil prices and as widespread coronavirus...

[SEOUL] South Korean shares gained on Wednesday, snapping a two-day losing streak, as global stimulus efforts outweighed investors' worries of a plunge in oil prices. 

[MOSCOW] Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with Mexico despite US President...

SOME sanity could shine on crude this week on hopes of a reprieve to the Riyadh-Moscow oil row after the commodity's epic roller-coaster ride last week that began with a big leg below US$20 a...

[DUBAI] US President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus...