Energy Sector

ASEAN coal equities forecast to rally

Singapore - Coal equities in Association of South-East Asian Nations (ASEAN) countries are forecast to outperform the broader marker longer than expected, a Goldman Sachs report said on Monday.

OPEC crude price slightly up towards end of the week

Vienna  - OPEC crude price slightly up towards end of the week

Student protests against increased transport fares turn violent

Kathmandu  - Students protesting a government decision to increase fares on public transport turned violent Friday with students clashing with police and attacking vehicles.

China announces large rises in fuel prices

Beijing  - China on Friday announced rises in petrol and diesel prices of 16 per cent and 18 per cent, respectively.

OPEC crude price falls by half a dollar

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.53 dollars, according to data released by OPEC on Thursday.

One barrel (159 litres) of OPEC-produced crude stood at 128.45 dollars a barrel on Wednesday, down 0.53 dollars from 128.98 dollars on the previous day.

An increase in oil output by OPEC members was not needed as the current supply level exceeds demand and spiralling prices are mainly caused by speculators, OPEC officials said Wednesday.

OPEC crude price continues slight downward movement

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) moved below 129 dollars on Tuesday, according to data released by OPEC on Wednesday.

Pages