MOSCOW: Oil headed for the biggest weekly gain since April as Russia signalled it would extend export curbs and China fired another salvo of state support to bolster the economy in the world’s largest crude importer.
Amid persistent investor concerns over the growth outlook in China, Beijing has intensified efforts to stimulate its economy and support the currency. Among the latest moves, the central bank will trim the amount of foreign-currency deposits banks are required to hold as reserves for the first time this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prigozhin's right-hand man in Wagner buried quietly near Moscow(Reuters) - The co-founder and military commander of the Russian mercenary group Wagner was buried near Moscow on Thursday, after dying in an unexplained plane crash that also killed his boss Yevgeny Prigozhin.
Source: staronline - 🏆 4. / 75 Read more »
Russia kills Ukrainian ‘saboteurs’ during incursion of BryanskMoscow claims that Kyiv uses western-supplied arms to carry out strikes.
Source: fmtoday - 🏆 5. / 72 Read more »
Petronas committed to work with Sarawak on oil and gas resources, says group CEOKUALA LUMPUR, Aug 30 — Petroliam Nasional Bhd (Petronas) will continue to work with the Sarawak state government to develop its oil and gas resources, said president and group...
Source: malaymail - 🏆 1. / 86 Read more »
Petronas Q2 net profit falls 29pc to RM16.4b, oil and gas price seen remaining volatileKUALA LUMPUR, Aug 30 — Petroliam Nasional Bhd’s (Petronas) net profit fell 29 per cent to RM16.4 billion in the second quarter ended June 30, 2023 from RM23 billion in the...
Source: malaymail - 🏆 1. / 86 Read more »
Petronas to ‘vigorously’ defend Malaysia’s rights to develop oil and gas reservesPetronas group CEO pushes back on China’s apparent encroachment on Malaysia’s exclusive economic zone offshore Sabah and Sarawak.
Source: fmtoday - 🏆 5. / 72 Read more »
Petronas ups govt dividend to RM40bil despite lower oil pricesNational oil corporation will increase its dividend payout by an extra RM5 billion from the RM35 billion previously announced.
Source: fmtoday - 🏆 5. / 72 Read more »