Oil drops more than 1% as US-Iran talks ease supply worries
SINGAPORE: Oil prices fell more than 1% on Monday as fears of a Middle East conflict eased after the U.S. and Iran pledged to continue indirect talks about Tehran's nuclear programme, calming worries about potential supply disruptions.
Sabah strengthens oil and gas position with 20% stake in North Sabah EOR PSC
KOTA KINABALU: Sabah's role as a strategic player in the oil and gas industry is further solidified after it acquired 20% participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC), this year.
Policy gaps derail Indonesia’s renewable targets
Last year, Indonesia once again fell short of its renewable energy (RE) target, as coal and gas continued to anchor the country's electricity supply.
Oil prices fall nearly 5% on US-Iran de-escalation
Oil prices fell nearly 5% on Monday, heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump said Iran was "seriously talking" with Washington, signalling de-escalation with an OPEC member.
Europe gas set for biggest monthly gain since 2023
AMSTERDAM: European natural gas posted its biggest monthly gain in three and a half years after cold spells and a rapid depletion of fuel inventories upended market sentiment.
Russia to allow gasoline exports for producers
MOSCOW: Russia will allow gasoline exports for fuel producers through July 31, while extending a temporary ban for other suppliers.
Oil falls as Trump signals dialogue with Iran over nuclear programme
SINGAPORE: Oil prices slipped on Friday on signs the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concerns of supply disruptions from a U.S. attack, though prices were on track for large monthly gains as tensions have increased.
PETRONAS to sustain domestic production at 2 MMboe/d in next three years
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) aims to sustain domestic production at approximately two million barrels of oil equivalent per day (MMboe/d) in the next three years through continued investment in exploration, deepwater development and enhanced oil recovery.
Microsoft pledged to save water. In the AI era, it expects water use to soar.
Driven by the artificial intelligence frenzy, Microsoft is internally projecting that water use at its data centers will more than double by 2030 from 2020, including in places that face shortages.
Oil prices rise as harsh winter disrupts US output
SINGAPORE: Oil prices rose on Monday after climbing more than 2% in the previous session, due to production disruptions in major U.S. crude-producing regions.
