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Mexico to offer up to US$20b in forex hedges to aid Trump-battered peso, in major policy shift
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Wednesday, 22 February 2017
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MEXICO CITY (REUTERS) - Mexico's top finance policymakers said on Tuesday (Feb 21) the central bank will offer up to US$20 billion (S$28.39 billion) in currency hedges, a major shift in policy aimed at helping Latin America's No 2 economy tame volatility that has battered the peso.
Read more... [Mexico to offer up to US$20b in forex hedges to aid Trump-battered peso, in major policy shift]
 
Continue reading "Petronas boss wants more consolidation in Malaysian oil & gas sectors"
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Wednesday, 22 February 2017
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Malaysia's oil and gas (O&G) industry needs still more consolidation and preference will be given to those that invest in assets, local media quoted national oil company Petroliam Nasional (Petronas) president and chief executive Wan Zulkiflee Wan Ariffin as saying.
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Wood Group warns the struggle against oil downturn to continue
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Wednesday, 22 February 2017
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W ood Group remains gloomy about the oil market after the fallout of the market crash wiped out half its profits last year. The Aberdeen-based company provides services work to oil projects across the global market but has been hard hit by spending cuts across the sector following the oil price crash.
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Crude Oil Could Plunge to as Low as $30 a Barrel
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Wednesday, 22 February 2017
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Crude prices could plunge toward $30 a barrel -- a rout of about 40 percent from current levels -- unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said. The Organization of Petroleum Exporting Countries agreed at the end of November to limit collective production by 1.
Read more... [Crude Oil Could Plunge to as Low as $30 a Barrel]
 
Woodside raises payout on profit surge
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Wednesday, 22 February 2017
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The rebound in oil - and gas - prices helped to propel Woodside Petroleum's earnings sharply higher in 2016 as it looks to higher output in the year ahead to maintain the growth momentum, pointing in particular to the prospect of boosting output at Pluto which could drive the emergence of a hub at....
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Crisis watch

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