vimarsana.com

Page 390 - ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Public Investment Bank: Malaysia s IPI expected to continue rebounding till year-end | Money

Friday, 07 May 2021 11:42 AM MYT Malaysia’s Industrial Production Index (IPI) is expected to remain on a rebound mode until year-end. Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 7  Malaysia’s Industrial Production Index (IPI) is expected to remain on a rebound mode until year-end after surging 9.3 per cent year-on-year in March 2021. Public Investment Bank Bhd (PIVB) said the growth expectation would be driven by the recovery in global pandemic conditions, global cellular network migration and full economic reopenings in Asean. “It would also be supported by China and major economies that would push demand for, among others, electrical and electronics (E&E) and related products, and further boosted by massive global fiscal stimulus spending that will boost consumption and investment activities,” it said in a note today.

Pioneer s CEO says consolidation needed to quell U S shale production | Hellenic Shipping News Worldwide

Pioneer’s CEO says consolidation needed to quell U.S. shale production The shale industry needs more consolidation to curb volume increases from smaller producers, Scott Sheffield, chief executive officer of top U.S. shale producer Pioneer Natural Resources, said. Privately held firms have been adding rigs and increasing oil and gas production in the Permian Basin of west Texas and New Mexico this year, potentially undermining the efforts of publicly traded companies to focus on shareholder returns over volume growth when the market is well supplied. “I hope other privates are taken out that are growing too much,” Sheffield told investors on an earnings call. He was responding to a question on whether Pioneer’s deal-making contradicted the company’s philosophy of not adding to global oil supply.

Devon CEO Urges Lower 48 E&Ps to Focus on Generating Cash, Limiting Oil, Gas Production

Devon CEO Urges Lower 48 E&Ps to Focus on Generating Cash, Limiting Oil, Gas Production
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.

Ringgit opens slightly lower as investors remain wary | Money

Thursday, 06 May 2021 10:04 AM MYT At the opening, the ringgit was traded lower against other emerging currencies.. Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 6 The ringgit reversed its gains to open slightly lower against the US dollar today, as traders were seen adopting a wait-and-see approach due to the enforcement of the movement control order (MCO) 3.0, a dealer said. At 9am, the local currency eased to 4.1170/1220 against the greenback from Wednesday’s close of 4.1150/1200. SPI Asset Management global managing partner Stephen Innes said the decline in oil price due to profit-taking after the increase in US oil product stocks also influenced the local note performance.

Tanker Firm Euronav Says Large Crude Tonnage Still

File photo: Euronav Belgian tanker operator Euronav on Thursday reported higher-than-expected first-quarter earnings, but said the shipping market was pressured by restricted crude supply and a slow recovery in freight rates. The group, one of the largest tanker companies in the world, said COVID-19 restrictions were depressing demand for crude oil and high levels of compliance with OPEC+ output supply cuts have restricted the number of cargoes available for commercial transit, deferring a recovery in freight rates. The Antwerp-based company posted earnings before interest, taxes, depreciation and amortization (EBITDA) of $28.6 million, down from $327.9 million a year earlier, but above a Refinitiv forecast of $23.9 million.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.