Logo of Phnom Penh Post newspaper Phnom Penh Post - Business

Oil prices see record surge after attacks slash Saudi output

Publication date 16 September 2019 | 21:45 | ICT

Oil prices saw a record surge on Monday after attacks on two Saudi facilities slashed output in the world’s top exporter by half, fuelling fresh geopolitical fears as US President Donald Trump blamed Iran and raised the possibility of a



  • PP Mega Mall reels in businesses

    Publication date 16 September 2019 | 21:44 | ICT

    The Phnom Penh Mega Mall has gained a lot of attention from businesses looking to open a shop there, said CBRE Cambodia.

  • CRF: Rice exports to Europe may fall 10%

    Publication date 16 September 2019 | 21:43 | ICT

    The Cambodia Rice Federation (CRF) predicted that the value of rice exports to the European market may decline by around 10 per cent this year.

  • Purdue files for bankruptcy in bid to settle opioid crisis cases

    Publication date 16 September 2019 | 19:24 | ICT

    Purdue Pharma has filed for bankruptcy in a settlement agreement that it hopes will provide more than $10 billion to address the opioid crisis, the company said in a statement on Sunday.

  • Joint SKT, Ericsson 5G SA network test a success

    Publication date 16 September 2019 | 19:23 | ICT

    South Korea’s SK Telecom (SKT) and its Swedish partner Ericsson on Sunday said they have successfully conducted a joint test of the 5G standalone (SA) network, opening the way for faster network services and better data management e

  • ‘No impact on PTT’s imports from Saudi oil attack’

    Publication date 16 September 2019 | 19:22 | ICT

    Thailand's Minister of Energy Sontirat Sontijirawong said Saturday’s drone attacks on two major oil-processing facilities run by Saudi Arabia’s state-owned firm Aramco would not affect oil imports of the PTT group.

  • China’s economy shows strains

    Publication date 16 September 2019 | 19:21 | ICT

    China's economy showed more signs of strain on Monday as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the US.

  • Oz hits growth milestone as worrying signs emerge

    Publication date 16 September 2019 | 19:20 | ICT

    Australia recently posted an impressive milestone as its economy marked 28 consecutive years of growth – a world record.

  • Brexit may have minimal impact on S’pore

    Publication date 16 September 2019 | 19:19 | ICT

    Singapore's limited exposure in terms of trade and investment in Britain could see the Republic emerge relatively unscathed from Brexit, which remains mired in uncertainty after a chaotic parliamentary session in Britain last week,

  • Aging workers are a ‘blessing in disguise’, says industry report

    Publication date 16 September 2019 | 19:17 | ICT

    Aging workers, if given fresh training and imparted new skills, could prove a blessing in disguise at a time of talent shortages, a new industry report in China has found.

  • Saudi shares slump after oil facility attacks

    Publication date 15 September 2019 | 23:04 | ICT

    Saudi shares slumped at the start of trading on Sunday, the first session after drone attacks on two major oil facilities knocked out more than half the Opec kingpin’s production.