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economy

Malaysia’s Port Klang grapples with congestion as vessels queue up to nine hours to dock
06 May 2024 The shift in shipping routes, prompted by the closure of the Suez Canal, has compelled vessels to traverse longer distances, leading to adjustments in scheduling and the selective omission of port stops to maintain timelines.
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06 May 2024

economy

MEDIA: Malaysia’s LC Titan reports eighth consecutive quarterly loss

Lotte Chemical Titan Holdings Berhad (LC Titan) posted a net loss of RM178.03 million in Q1 of fiscal year 2024, marking its eighth consecutive quarter in the red.
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06 May 2024

economy

Glencore, Chandra Asri near $1 billion deal for Shell's Singapore assets

A consortium led by Glencore, in collaboration with PT Chandra Asri Pacific, is in advanced negotiations to acquire Shell's oil refinery and petrochemical units in Singapore.
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06 May 2024

economy

Dalian Commodity Exchange: 06 May 2024 (Night trading)

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 06 May 2024 settled as follows:
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06 May 2024

economy

Dalian Commodity Exchange: 06 May 2024

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 06 May 2024 settled as follows:
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03 May 2024

economy

WTI crude oil near seven-week low amid economic concerns

A surprise surge in crude and gasoline inventory in the US coupled with diminishing hope for cuts in key interest rates from the FED pressurised the sentiment.
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03 May 2024

economy

EIA: Crude and motor gasoline inventories surged in the US

The report showed that crude oil exports from the US fell more than 24% from the previous week to approximately 3.91 million barrels per day.
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30 Apr 2024

economy

Saudi Aramco expanded its presence in China through a series of acquisition

In July 2023, Aramco successfully acquired a 10% stake in Rongsheng Petrochemical for $3.4 billion with an attached 20-year contract to supply crude oil to Rongsheng’s subsidiary – Zhejiang Petrochemical.
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