Photo: Icon Offshore
Dr Jamal Yusof, Chief Executive of Malaysian OSV operator Icon Offshore Bhd, along with his COO Rahman Yusof, have been remanded to facilitate and assist investigations currently being conducted by Malaysia’s corruption watchdog, Suruhanjaya Pencegah Rasuah Malaysia (SPRM).
In an exchange statement, the company says they have “no details of the nature of the investigations or their status,” and “the Board takes serious exception to any breaches in policies and integrity and will not hesitate to take appropriate actions if necessary.”
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The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
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