Singapore

SINGAPORE: Oil drops as investors gauge big chill impact on U.S. refineries, OPEC+ output rise

SINGAPORE (Reuters) - Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.

“The market was ripe for a correction and signs of the power and overall energy situation starting to normalise in Texas provided the necessary trigger,” said Vandana Hari, energy analyst at Vanda Insights.

Singapore: Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices

SINGAPORE (Reuters) - Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand.

Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.90 by 0728 GMT, up 56 cents, or 0.9%.

U.S. West Texas Intermediate crude futures for March advanced 60 cents, or 1.1%, to $57.45 a barrel, the highest since January last year.

Singapore approves Moderna's COVID-19 vaccine in Asia first

SINGAPORE (Reuters) - Singapore has become the first country in Asia to approve Moderna’s COVID-19 vaccine as it begins rolling out its immunisation programme to the wider population.

The city-state expects to receive the first shipment of the Moderna shots around March, adding to its stock of Pfizer-BioNTech vaccine approved in December.

Singapore: Oil prices rangebound as supply cuts offset virus worries

SINGAPORE (Reuters) -Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling U.S. oil inventories.

Brent crude futures for March rose 24 cents, or 0.4%, to $55.77 a barrel by 1126 GMT.

The Brent March contract expires on Friday. The more active April contract was up 26 cents, or 0.5%, at $55.36.

U.S. West Texas Intermediate (WTI) crude futures rose 3 cents, or 0.1%, to $52.37.

Singapore detains 16-year-old terrorist over plans to attack mosques

SINGAPORE (AP) — Authorities in Singapore have detained without trial a 16-year-old student who made detailed plans and preparations to carry out “terrorist attacks” on two mosques with a machete.

The Singaporean teen was inspired by an Australian white supremacist who killed 51 worshippers at two mosques in New Zealand in 2019, the Internal Security Department said Wednesday.

SINGAPORE: Oil rises on hopes U.S. pandemic stimulus will spur fuel demand

SINGAPORE (Reuters) -Oil rose on Tuesday for the third time in four sessions on expectations for rising fuel demand, as the United States moved towards expanding its pandemic aid payments and with a final Brexit deal set to stabilize trade between Europe and the UK.

Brent crude was up 49 cents, or 1%, at $51.35 a barrel by 0756 GMT, while U.S. West Texas Intermediate (WTI) crude futures added 41 cents, or 0.9%, to $48.03 a barrel.

Singapore panel recommends maximum level of COVID-19 vaccine coverage

SINGAPORE (Reuters) - An expert committee convened by Singapore’s health ministry has recommended all residents medically eligible for COVID-19 vaccination to take shots as they become available, although it said vaccination should remain a voluntary option.

The recommendation comes as Singapore’s success in controlling the virus makes some question whether they should take the jabs. The city-state has been reporting almost zero new local cases daily over the last few weeks.

SIA Delivers First Shipment Of Pfizer-Biontech Covid-19 Vaccines To Singapore

SINGAPORE, Dec 22 (NNN-Bernama) — Singapore Airlines (SIA) delivered the first shipment of Pfizer-BioNTech COVID-19 vaccines to Singapore earlier Monday evening onboard one of its Boeing 747-400 freighters.

“The delivery of this first batch of Covid-19 vaccines to Singapore is an important milestone in the fight against Covid-19, and we are honoured to be able to play a part in this,” said SIA’s Senior Vice President Cargo, Chin Yau Seng, in a statement Monday.

First batch of COVID-19 vaccines arrives in Singapore

Singapore, Dec 22 (PTI) Singapore has received its first shipment of COVID-19 vaccines, making it the first country in Asia to take the vaccine developed by Pfizer and BioNTech as it plans to inoculate its 5.7 million people by the third quarter of 2021.

The first batch of the Pfizer-BioNTech COVID-19 vaccine landed in Singapore on Monday, The Straits Times reported.

SINGAPORE: Oil prices hit nine-month high after inventory draw

SINGAPORE/LONDON (Reuters) -Oil climbed to a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices.

The U.S. dollar also set a 2-1/2-year low against major rivals on Thursday. Oil prices generally rise when the dollar falls because crude priced in the greenback becomes cheaper for buyers holding other currencies.

Brent crude futures was up 14 cents at $51.22 a barrel by 1110 GMT, having traded as high as $51.90.

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