Oil gained as OPEC+ delivered smaller output hike than expected

07 Oct 2025 Traders saw the move as a sign that several members are near production limits, reducing the group’s ability to lift supply further.

07 Oct 2025

Japan’s polyolefin leaders move to consolidate domestic operations

The move seeks to strengthen cost competitiveness, enhance technological collaboration, and reinforce Japan’s position in an increasingly constrained polyolefin market.

07 Oct 2025

ExxonMobil to cut 2,000 jobs globally, with Singapore operations among those affected

Market talks indicated that ExxonMobil is considering shutting one of its cracking units at the Singapore chemical complex in early 2026

06 Oct 2025

Oil posted steep weekly loss as OPEC+ supply risks weighed on sentiment

Oil prices edged higher on Friday but still registered their sharpest weekly decline in more than three months, as expectations of additional OPEC+ output and the restart of Kurdish exports

03 Oct 2025

Oil slumped to four-month low on oversupply fears ahead of OPEC+ meeting

The focus now shifts to Sunday’s OPEC+ gathering, where members are expected to consider raising output by as much as 500,000 barrels per day in November

03 Oct 2025

Berkshire Hathaway nears $10 billion deal for OxyChem

The sale would carve out one of the world’s largest standalone petrochemical companies. OxyChem generated nearly $5 billion in revenue in the 12 months to June 2025 and has been a key cash generator for Occidental.

02 Oct 2025

Oil drop to 16-week low on US shutdown and OPEC+ uncertainty

Oil prices fell for a third consecutive session on Wednesday, settling at their lowest levels in four months as a US government shutdown raised concerns over global growth

02 Oct 2025

EIA: Crude stock build as imports ticked higher, exports eased

US commercial crude inventories rose in the week ending 26 September, with resilient product demand offsetting an uptick in crude imports

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