The BLACKGOLD Business

Malaysia to cut fuel subsidies.

Sunday, December 21, 2014 malaysia No comments

Malaysia to cut fuel subsidies. Malaysia will abolish subsidies for petrol and diesel from December 1, the government said, taking a bold step that could potentially save the government some 20 billion ringgit ($5.97...

China ramps up oil buying.

Sunday, December 21, 2014 china No comments

China ramps up oil buying. China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world's top energy consumer takes advantage of a dive in...

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Malaysia to cut fuel subsidies.

Malaysia to cut fuel subsidies.

Malaysia will abolish subsidies for petrol and diesel from December 1, the government said, taking a bold step that could potentially save the government some 20 billion ringgit ($5.97 billion) annually.Malaysia joins Indonesia and India in cutting fuel subsidies amid a sharp decline in oil prices, ending decades-long policies of cheap fuel that have contributed to fiscal deficits.Prime...

China ramps up oil buying.

China ramps up oil buying.

China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world's top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market.Based on data compiled by industry and consulting sources, China now has nearly 30 days of stocks to cover crude imports, far ahead of its official...