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crude-oil

Society 3 years ago

PREMIUM
Pertamina still ‘studying’ plan to import Russian oil

The acting corporate secretary of PT Pertamina Patra Niaga, a Pertamina subsidiary, confirmed on Thursday that the company had yet to import crude oil from Russia, adding that the plan was still being studied.

Companies 3 years ago

Who is still buying Russian crude oil

India and China, which have refused to condemn Russia's actions, also continued to buy Russian crude.

Environment 4 years ago

PREMIUM
Oil spill tars Peruvian seaside towns, leaves fishermen jobless

Thousands of barrels of crude oil that were spilled off Peru's central coast have taken a grim toll on the country's environment and economy.

Markets 4 years ago

Asia braces for China data, oil nears 2021 highs

Asian share markets got off to a cautious start on Monday as the US earnings season loomed large and a slew of Chinese economic data were expected to show the deadening effect of coronavirus restrictions on activity.

Opinion 4 years ago

PREMIUM
When will the easy money support end?

Inflation continues to rise in many emerging markets because of higher fuel and food prices, and supply chain disruptions interacting with a stronger economic rebound.

Opinion 4 years ago

Keystone pipeline pipe dreams?

Biden’s Keystone cancellation is probably more than a symbolic rebuff to Canada’s rich energy export sector.

Environment 5 years ago

Tons of oil of uncertain origin cleared from Thousand Islands waters

Residents of the regency noticed the oil off the islands of Pari and Lancang on Aug. 7.

National 5 years ago

Seven victims of oil tanker fire in North Sumatra identified

The fire was finally extinguished at 3 p.m. or around seven hours after the first explosion.

Business 5 years ago

A hunt for any storage space turns urgent as oil glut grows

Hundreds of millions of barrels of crude have gushed into storage worldwide in the past two months as the coronavirus-related lockdowns wiped out around a third of global oil demand.

Business 5 years ago

US crude dips below $20, lowest since 2002, as lockdowns hit demand

Asian shares also slipped on Monday despite the all-out efforts of central banks to bolster markets with rate cuts and asset-buying campaigns.