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crude-oil

Markets 3 years ago

PREMIUM
Asian stocks, crude bounce from losses but recession fears linger

The euro clawed its way back slightly after hitting parity with the dollar for the first time in two decades, though it remains under pressure from growing concerns about an energy crisis across the eurozone and the European Central Bank's slower pace of monetary tightening.

Economy 3 years ago

Oil rises after sell-off but euro stuck at 20-year low

Both main crude contracts were pummelled Tuesday as investors grow increasingly worried that leading economies will contract this year or next owing to sharp central bank interest rate hikes aimed at fighting decades-high inflation.

Regulations 4 years ago

PREMIUM
Pricy oil may cost Indonesia Rp 190t more in subsidy spending

The government may need to spend Rp 190 trillion (US$13.23 billion) more than planned to cover swelling subsidies as surging international oil prices drive up the cost of fuel imports.

Society 4 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 4 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.