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US crude-to-gas ratio touching historic 11-year highs
Platts The US crude oil-to-gas price ratio is nearing historic 11-year highs, a Platts price analysis shows, leading several analysts to suggest producers will only be more incentivized to drill for liquids and oil. This will, however, produce more
Indonesia lifts crude palm oil tax to 19.5% for May
JAKARTA: Top global palm oil producer Indonesia will increase its export tax for crude palm oil ( CPO) to 19.5 percent for May from 18 percent in April due to higher international prices, a trade ministry official said on Monday. The government will
Petronas said to sell Labuan crude
Petroliam Nasional Bhd, the Malaysian state oil company known as Petronas, offered to sell 600,000 barrels of Labuan crude for loading in March, said two traders who participate in the market, declining to be identified because the information is
Higher selling price for Tapis crude
Malaysia’s official selling price for Tapis crude will be set at US$123.38 a barrel retroactively for July, up 1.2 per cent from June, according to Bloomberg calculations based on a trading formula. State-owned Petroliam Nasional Bhd, or Petronas, is
SRI LANKA TO BUY CRUDE OIL FROM OMAN
It's good.We don't want to get an extra pressure from USA for our economy. Sri Lanka has signed a deal to buy crude from Oman, as it looks to reduce its reliance on Iran for oil after pressure from the United States. Sri Lanka, despite being a
Petronas cuts Tapis crude oil price
Malaysia’s official selling price for Tapis crude, a benchmark contract in Asia-Pacific, fell for a second month in June, reflecting a decline in oil futures. The price is based on a new formula linked to North Sea Brent. The low-sulfur or “sweet” crud
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