PETRONAS reaffirmed commitment to Brazil, highlighting operations in upstream and downstream sectors while expanding internationally with new exploration blocks secured.
Rafizi Ramli warns that poor negotiations between Petronas and Petros could significantly harm Malaysia’s economy and investor confidence.
Petronas Gas pledges transparency and safety improvements after investigations revealed soil issues caused the Putra Heights pipeline explosion.
Small food traders face subsidized LPG shortages, limited to one or two cylinders, raising concerns about market supply disruptions.
Oil prices fell sharply due to a US-announced Iran-Israel ceasefire, easing supply disruption fears.
Elridge Energy held its first AGM, approved all resolutions, reported strong Q1 results, and plans facility expansions.
On June 22, Cambodian Prime Minister Hun Manet announced a halt to all fuel and gas imports from Thailand, effective midnight, due to an…
Bachok MP Syahir Sulaiman urges the government to thoroughly assess the petrol subsidy targeting policy, considering its economic impact, implementation efficiency, policy transparency, and…
Oil prices rose due to positive U.S.-China trade talks, but OPEC+ output increases could limit further gains and price fluctuations.
Indonesia aims to source 60% fuel imports from the U.S. and Middle East for lower prices.
Looking ahead, the combination of OPEC+'s increased supply and U.S. trade tariffs is anticipated to exert negative pressure on the sector
The full financial impact of the incident will be determined after an investigation, expected to conclude in May 2025.
The global energy transition is affecting Malaysia's economy, challenging PETRONAS while promoting renewable energy and requiring strategic diversification.
PETRONAS’ declining profits push Malaysia to diversify via FDI and wage hikes, but falling oil revenue may force tax rises or subsidy cuts, risking…
Energy stocks may face selling pressure due to OPEC+’s planned oil output increase in April 2025
PETRONAS reported a 7% revenue drop and 32% PAT decline in FY2024, impacted by lower prices and Engen divestment effects.
