oil

Oil drops after rally on pipeline outage; Brent premium narrows

HOUSTON: Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade. Closure of the pipeline crimped the flow of global benchmark Brent crude, but traders said .....

What’s behind Vietnam’s corruption crackdown?

HANOI: Vietnam's crackdown on high level corruption has led to the arrest of dozens of officials from state oil firm PetroVietnam and the banking sector. As well as shedding light on graft, mismanagement and nepotism within state firms at a time privatisation is accelerating, the arrests show the ....