Finance

In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude. The deal follows the sale of Marine and Land Qatari crude […]

Every quarter, the world’s largest institutional investors look at their portfolios, notice the ratios are off, and start moving enormous piles of money around to get back on target. This time, JPMorgan estimates that process will involve roughly $165 billion […]

Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in the peace negotiations between the United States and Iran earlier this week. Morgan Stanley now sees Brent crude averaging […]

Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of Hormuz to fully reopen and easing a supply crunch that has rattled global energy markets. Brent tumbled as […]

Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. At the time of writing, Brent crude had dropped 3.95% to trade […]

The energy giant said that a substantial oil-bearing reservoir was found in its Merlin-1X exploration well, which is part of Petroleum Exploration License 39 (PEL 39). It claims that the well produced some of the most promising geological data seen […]

The International Monetary Fund (IMF) said poverty in Nigeria has reached 63% of the population as conditions remain difficult for people amidst economic reform. In a statement released following its Article IV consultation with Nigeria, the IMF said strong reforms […]

Oil prices jumped more than US$4 (RM16.28) on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose US$4.42 or 4.47% to US$97.15 a barrel as […]

According to a recent European Central Bank (ECB) report cited by the Financial Times, gold accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier. By comparison, U.S. Treasuries fell […]

Hedge fund Elliott Investment Management, which has built up a stake in Australia’s biggest gold miner, Northern Star Resources Ltd, is calling for a strategic review of the future value creation, including a sale of the company. Elliott, which discloses that it […]