Showing 1 - 9 of 9
‘Zombie ships’ help keep Venezuelan oil industry alive
Bloomberg News, Published on 24/12/2025
» A 27-year-old crude tanker that was supposedly scrapped in 2021 is due to reach Venezuela late this week, according to ship-tracking data, in the latest example of how the South American country keeps its embattled oil industry alive.
Global crude oil prices pressured by oversupply
Published on 22/12/2025
» Crude oil prices in the global market declined amid expectations of a supply surplus, with ICE Brent crude between October 1 - December 16, 2025 falling by $4.7 per barrel from the previous quarter to average $63.4 per barrel. The decline followed increased global supply, driven by eight OPEC+ members — Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — collectively raising production from April–December 2025 by almost 3 million barrels per day, unwinding their voluntary cuts to defend market share. Additional supply growth from non-OPEC+ producers such as the United States, Brazil, Canada and Guyana further contributed to the imbalance.
Venezuela's El Dorado, where gold is currency of the poor
AFP, Published on 17/06/2025
» EL DORADO — In the Venezuelan mining community of El Dorado, the majority of residents carry around gold instead of cards or cash to pay for groceries.
Oil prices set for biggest monthly drop since 2021
Bloomberg News, Published on 30/04/2025
» Oil prices are headed for their largest monthly decline since November 2021 on signs that the US-led trade war is hurting economic growth and energy demand at a time when the Opec+ alliance has been loosening supply curbs.
Asian shares rally on upbeat US outlook
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 17/08/2024
» RECAP: Asian stocks rallied on Friday as traders flocked back into risk assets after robust US jobs and retail sales data eased recession concerns.
Thai Oil expects crude price to stabilise
Business, Yuthana Praiwan, Published on 11/06/2024
» Global crude oil prices in the second half of 2024 should be roughly similar to last year as oil supply will increase and geopolitical conflicts in the Middle East are expected to remain simmering, says Thai Oil Plc, the country's largest oil refinery by capacity.
Opec to try to stem oil price plunge amid coronavirus slowdown
AFP, Published on 03/03/2020
» LONDON: The Opec club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus.
This stock exchange only trades on Mondays
Business, Kejal Vyas, Published on 03/01/2020
» GEORGETOWN, Guyana: Every Monday at 10 a.m., George Edwards rings the opening bell at the Guyana stock market. It's the only day of action each week, behind a glass door that barely keeps out the thumping bass of reggae music and burning incense from street hawkers outside.
The restless realtor
Asia focus, Tanyatorn Tongwaranan, Published on 16/07/2018
» Robbie Antonio is restless. The Filipino entrepreneur is on a mission to disrupt the traditional real estate and property development business by democratising high-end architecture.