Oil prices hover near eight-week highs on lower U.S stocks

REUTERS/Stringer/File Photo SINGAPORE- Oil prices were sitting just below eight ... supported by news earlier in the week that Saudi Arabia plans to limit its crude exports to 6.6 million barrels per day (bpd) in August, about 1 million bpd below its ... ( read original story ...)

Local exporters urged to tap into African markets

... export market destinations and should reduce their dependency on the traditional export markets,” said Raphy after hosting a visit by a delegation from the Singapore Malay Chamber of Commerce and Industry (SMCCI). The delegation was on a two-day ... ( read original story ...)

Singapore unemployment rate eases in Q2

SINGAPORE: The uptrend seen since September 2016 was halted. The unemployment rate in Singapore moderated in the second quarter of the year, with the jobless rate amongst residents going down slightly from 3.2% to 3.1%. This is according to the preliminary ... ( read original story ...)

Global LNG prices lifted on demand from Japan and India

LONDON/SINGAPORE (Reuters) - Asian spot LNG prices extended gains with demand coming from India and Japan, while recent export disruptions from Peru left Royal Dutch Shell shopping for replacement supply. Higher prices triggered a supply-side response with ... ( read original story ...)

U.S. Coal Exports Soar, Revived in Part by New Energy Policy

Exports to Asia meanwhile, totaled 12.3 million tons ... off the Faroe Islands neighbouring the more mature UK North Sea… A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might ... ( read original story ...)

UK must address giant trade deficit, IMF warns

The current account deficit is made up of the trade deficit – as the UK imports more than it exports – combined with the balance ... demand and foster competition,” the IMF said. Singapore’s surplus of 19pc is the largest, followed by Thailand ... ( read original story ...)

Modern VLCC Rates Under Pressure

"W44.50 is a horrible rate," said the Singapore broker. Freight rates could bounce again ... Saudi Arabia and the United Arab Emirates said this week they would curb or cut exports in line with OPEC production targets. "The overall cut in Arabian Gulf ... ( read original story ...)