Fuel

Malaysia Oil & Gas Sector Faces Tepid Outlook as Upstream Earnings Weaken

Malaysia’s oil and gas sector shows declining profits and a tepid outlook, with expectations of weaker upstream earnings through FY26.

7 months ago

RON95 Fuel Reform: Political Survival vs Fiscal Prudence, Warns Analyst

Malaysia’s RON95 petrol subsidy reforms may prioritize political survival over fiscal savings, risking financial objectives amidst upcoming elections, warns analyst…

7 months ago

Govt to Roll Out Targeted RON95 Subsidies by End-2025 Using MyKad

The government will implement targeted RON95 petrol subsidies by 2025, using MyKad for eligibility verification based on income and wealth.

7 months ago

Petronas H1 Net Profit Falls 19% on Lower Oil Prices, Rising Costs

Petronas reported a 19% profit drop in H1 2025, facing challenges from low oil prices, rising costs, and foreign exchange…

7 months ago

Malaysia to Cap Fuel Subsidy Quotas as Ringgit Gains, Tech Sector Advances

The Malaysian government plans a capped fuel subsidy quota for eligible individuals, while SkyeChip introduces the country's first edge AI…

8 months ago

OPEC Projects Global Oil Demand Surge to 123 Million Barrels per Day by 2050 Amid Economic and Policy Shifts

OPEC's World Oil Outlook 2025 predicts global oil demand will rise significantly by 2050, driven by population growth and non-OECD…

8 months ago

Three Killed, Toddler Injured in Central Java Oil Well Explosion

Explosion at community-run oil well in Central Java kills three, injures two including toddler, destroys homes, and forces mass evacuation.

8 months ago

Azalina: Petronas’s Sarawak Oil & Gas Rights Secure Under PDA 1974

Azalina Othman Said confirmed Petronas's rights to Malaysia's oil and gas under the Petroleum Development Act 1974, addressing Sarawak's claims.

8 months ago

PETRONAS Reaffirms Long-Term Commitment to Brazil Amid Global Growth and Transformation Drive

PETRONAS reaffirmed commitment to Brazil, highlighting operations in upstream and downstream sectors while expanding internationally with new exploration blocks secured.

8 months ago

Rafizi Warns Petronas Revenue Loss Could Undermine National Economy, Credit Rating

Rafizi Ramli warns that poor negotiations between Petronas and Petros could significantly harm Malaysia’s economy and investor confidence.

8 months ago

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