Petrol

Eneos says there are many existing competitors in the industry and relatively low barriers to entry

Attention has now shifted to stockpiles, especially as supply buffers have weakened

Firm posted a record S$12 million in net profit for the six months ended Jun 30

Brent crude rose above US$90 a barrel Monday, the highest in over a month

Amid loss of feedstock from the Persian Gulf, Asian petrochemical importers tapped China, which has massive stockpiles

He says the fall in petrol prices was neither enough nor proportionate with declines in crude oil costs

Global oil prices have risen by around 60 per cent since the start of the Iran war

The government has yet to announce any change to permits following the request

The agency says this can result in a shortfall of 120 billion cubic metres of LNG between 2026 and 2030