OPEC Crude Oil Plunges Below $30 for First Time Since 2004
The price of crude sold by OPEC members slid below $30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout. The daily basket price of crudes produced by the 13 members of the Organization of Petroleum Exporting Countries fell to $29.71 a barrel on Wednesday, down...
Bloomberg: That ’80s Show, in Singapore
The last time Singapore's marine-services industry was staring at what would eventually turn out to be an 18-year drought in demand for oil rigs, Ronald Reagan was starting his second term as U.S. president. Jackup rigs, used to drill for oil in shallow waters, saw orders evaporate between 1985 and 2003. As Macquarie notes,...
AHTC welcomes Court of Appeal’ directions (media release)
Aljunied-Hougang Town Council (AHTC) had applied to the Court of Appeal for directions on the costs of the court proceedings and with regard to the appointment of accountants under the judgment dated 27 Nov 2015. At the hearing on 7 January 2016, AHTC, the Ministry of National Development (MND) and the Housing & Development...
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