GSS Energy (GSS) announced that it has struck oil and (surprise) gas in its first well on 13 December 2017. Share price jumped to an intraday high of $0.178 on 14 December 2017, after the trading halt was lifted but it has since weakened to an intra-day low of S$0.156 on 21 December 2017 before closing at $0.161.
The offshore and marine (O&M) sector has been overlooked for most of 2017 as negative sentiments gripped the market owing to the low oil price. However, with oil prices recovering year-to-date, CIMB believes that it is time to review the sector. According to CIMB, the O&M sector is prime for a re-rating.
The Oil and Gas sector has been improving since the second half of 2017, and its recovery is expected to continue into 2018 as surplus in crude oil reduces. For investors who are following the latest developments in this sector, this article will highlight some important trends to take note of, as well as which few stocks to focus on.
It has almost been three years and the oil market still seems awash with crude. Despite the Organisation of The Petroleum Exporting Countries’ (OPEC) best efforts, the 14-member body that controls more than 81.5 percent of world’s oil reserves and produces almost 50 percent of world production, has failed to help lift oil prices meaningfully.
Heading into the month of September, DBS Research recommends three stocks that investors should add to your portfolio to capitalise on the market pullback.
If anyone told you he or she knew exactly what is going to happen in the stock market over the next few days, months or even years, do yourself a favour and stay away from that person.
At last, Saudi Arabia seems to be doing what it takes to reduce the world's most visible oil glut: the one in the U.S.
In the first half of 2017, the benign bond yields provided support to lift equity markets across the globe.However, with the US Federal Reserve (Fed) raising benchmark interest rates, the bond market has si...
Oil’s 5 percent tumble Wednesday, the biggest slide since March, followed government data that showed U.S. crude and fuel stockpiles unexpectedly soaring at a time of year when they normally decline. Here are three charts showing what made oil bulls run scared.
Hedge funds trimmed bets on rising crude prices to the lowest level since November as oil futures dipped below $50 a barrel amid scepticism that an OPEC-led campaign to cut output will soon curb a worldwide supply glut. Speculators fled bearish positions for a second week.