Daily Debrief: What Happened Today

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Oil one step closer to US$150 as Opec+ sits tight on output amid Ukraine invasion OIL prices barrelled past an astonishing US$115 a barrel during the Asian session on Thursday (Mar 3), raising the spectre of an energy shock for the world after the oil cartel decided not to pump a lot more oil, even as the heightened Russia-Ukraine turmoil threatened to squeeze supply further.

Singapore pump prices up as Brent reaches over US$115 LOCAL pump prices have been responsive to international oil price hikes and have increased in tandem. They now cost 4 Singapore cents to 27 cents higher than a week ago, as Brent crude rose past US$115 a barrel on Thursday (Mar 3).

Singapore takes stands, not sides, to uphold principles; 'trade is strategy' for Asia: Vivian SMALLER countries like Singapore must not get caught up in "the geopolitical games of big powers", Foreign Minister Vivian Balakrishnan affirmed on Thursday (Mar 3), while reiterating that decisions are made based on the Republic's own national interests, and not as proxies or vassals for any other nation.

Rosneft, Gazprom and Lukoil: How big are Russia's oil majors in Singapore? SINGAPORE is Asia's largest oil trading hub, so it is no surprise that Russian energy giants Rosneft, Gazprom and Lukoil all have a presence here.

Debenture holders serve statutory demand on Peter Kwee's Laguna TWO pioneer members of the Laguna National Golf and Country Club have made a statutory demand on the club, each asking to be paid S$120,000 for their 30-year-old debentures that are overdue for redemption.

The STI today

STI ticks 0.3% higher, buoyed by Wall Street's overnight showing

SINGAPORE shares rose, led by a broad-based rally in Wall Street overnight as the US Federal Reserve provided clarity on its rate-hike trajectory, easing some of the angst over the Russia-Ukraine crisis.