Hedge funds turn bearish on oil and refined fuels: Kemp

Hedge funds and other money managers were turning increasingly bearish towards oil even before prices plunged on Thursday.

Low utilization sees UMW-OG turn to $16m Q1 loss

Malaysian jack-up rig owner UMW Oil and Gas (UMW-OG) saw first quarter revenue plunge 72% to MYR87.7m ($21.5m)...

China polymer traders turn to re-exports to offload cargoes on weak local demand

Some polymer traders in China are re-exporting their spot imported LDPE and LLDPE cargoes in a bid to clear...

Chinese energy giants turn upbeat on shale gas

China’s energy heavyweights Sinopec Corp and PetroChina have upgraded their outlook on the country’s...