Fuel
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.
Category: Fuel
Business News
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.
Fuel
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.
Business News
Petronas Gas Vows Safety After Putra Heights Explosion
Petronas Gas pledges transparency and safety improvements after investigations revealed soil issues caused the Putra Heights pipeline explosion.
Business News
Small Traders Face Subsidized LPG Shortage, Fear Market Disruptions
Small food traders face subsidized LPG shortages, limited to one or two cylinders, raising concerns about market supply disruptions.
Business News
Oil Prices Plunge as Trump Announces Iran-Israel Ceasefire, Easing Supply Fears
Oil prices fell sharply due to a US-announced Iran-Israel ceasefire, easing supply disruption fears.
Biomas
Elridge Energy Scales Up Regional Biomass Supply Chain With Rising Demand
Elridge Energy held its first AGM, approved all resolutions, reported strong Q1 results, and plans facility expansions.
Business News
Cambodia Halts Thai Fuel Imports Amid Border Dispute
On June 22, Cambodian Prime Minister Hun Manet announced a halt to all fuel and gas imports from Thailand, effective midnight, due to an…
Business News
Opposition MP urges gov’t to assess effects of RON95 subsidy rationalisation
Bachok MP Syahir Sulaiman urges the government to thoroughly assess the petrol subsidy targeting policy, considering its economic impact, implementation efficiency, policy transparency, and…
Business News
Oil prices surge in Asia on optimism from U.S.-China trade talks
Oil prices rose due to positive U.S.-China trade talks, but OPEC+ output increases could limit further gains and price fluctuations.
Business News
Indonesia Ditches Singapore for US Fuel Imports in Bold Tariff Trade Move!
Indonesia aims to source 60% fuel imports from the U.S. and Middle East for lower prices.
Business News
Oil & Gas Sector Downgraded to Neutral Amid Brent Price Drop and OPEC+ Output Surge
Looking ahead, the combination of OPEC+'s increased supply and U.S. trade tariffs is anticipated to exert negative pressure on the sector
Business News
Fire Incident Disrupts PETRONAS Gas Pipeline Near Puchong, Affecting Central Zone Services
The full financial impact of the incident will be determined after an investigation, expected to conclude in May 2025.
Business News
PETRONAS and Malaysia in the Global Energy Transition
The global energy transition is affecting Malaysia's economy, challenging PETRONAS while promoting renewable energy and requiring strategic diversification.
Business News
The Future of PETRONAS: Navigating a Post-Fossil Fuel Reality
PETRONAS’ declining profits push Malaysia to diversify via FDI and wage hikes, but falling oil revenue may force tax rises or subsidy cuts, risking…
Business News
OPEC+’s output increase may put pressure on energy stocks
Energy stocks may face selling pressure due to OPEC+’s planned oil output increase in April 2025