Oil prices started the week on the decline due to demand fears fuelled by weak global economic data and the possibility of more interest rate hikes.
International benchmark Brent crude traded at US$80.44 per barrel at 09.35 am local time , a 1.25 per cenr decrease from the closing price of US$81.46 a barrel in the previous trading session.Meanwhile, the American benchmark West Texas Intermediate traded at US$76.83 per barrel, down 1.34 per cent from the previous session's close of US$77.87 per barrel. Rising interest rates, concerns over the global economy, and a lower fuel demand outlook were instrumental in the decline in prices.
Shell’s Access to Energy helps power lives of isolated communities in Sabah Kota Kinabalu: In 2017, Sabah Shell Petroleum Co Ltd launched Access to Energy , a Shell Social Investment programme aimed at providing affordable and continuous supply of electricity from renewable sources for communities who live without connection to the electricity grid.
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