Page 58 - Pec News Today

Possible OPEC+ action to lower production to curtail weak oil prices and signs of better demand appetite fuel oil prices.

The 7th Asia-Pacific Economic Cooperation (APEC) Food Security Ministerial Meeting (FSMM) was held yesterday via video conference hosted by Thailand. It follows the APEC 2022 theme ‘Open. Connect. Balance’ by recognising the three priorities of being open to all opportunities, connected in all dimensions and balanced in all aspects. The dialogue was chaired by Thai […]

Riyadh’s current stance “confirms that Saudi Arabia remains more aligned with Russia than the United States on the global stage.”

Riyadh’s current stance “confirms that Saudi Arabia remains more aligned with Russia than the United States on the global stage.”

Crude oil prices reached 1- week high as Saudi Arabia has warned of cutting crude oil production which has spurred the crude oil prices again.

"In a way, the market is in a state of schizophrenia, and this is creating a type of a yo-yo market and sending erroneous signals," bin Salman said.

Compliance with the production targets stood at 546 per cent in July the sources said, compared with 320 per cent in June, when the supply gap stood at 2.84 million ...

Daniel Lim Minister at the Prime Minister’s Office and Minister of Finance and Economy II cum Manpower Planning and Employment Council (MPEC) Chairman Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah officially launched the industry Learn and Excel Apprenticeship Programme (iLEAP) and SkillsHub in a ceremony at the V-Plaza Hotel in Belait […]

Danial Norjidi Outcomes of the 11th Asia-Pacific Economic Cooperation (APEC) Tourism Ministerial Meeting were highlighted by the meeting’s Chair, Thailand’s Minister of Tourism and Sports Phiphat Ratchakitprakarn on August 19, attended by ministers and senior representatives from the 21 APEC member economies. In his statement on the ‘Tourism of the Future: Regenerative Tourism’, the Chair […]

Haitham Al Ghais, who took office on August 1, said oil demand was robust in the physical market, concern of Chinese economic slowdown was exaggerated and demand was...