oil and gas
Saudi Arabia Reroutes Oil via Red Sea Pipelines to Bypass Blockades
Overland pipelines help bypass Gulf blockades, but shipping delays and rising costs continue to strain Saudi exports.
Category: oil and gas
oil and gas
Malaysia Reviewing Petroleum Reserves to Strengthen Energy Security
Malaysia is reviewing its petroleum reserves to enhance energy security and address global supply uncertainties and geopolitical risks.
oil and gas
Oil Market Faces New Phase of Recovery Risks
Rystad warns oil prices hinge on resilience of flows, with escalation risks tightening markets and draining global buffers.
Business News
Searah Secures RM24.5 Billion Syndicated Loan to Boost Upstream Expansion
PETRONAS-Eni joint venture Searah has secured a US$6 billion syndicated revolving credit facility to accelerate upstream oil and gas developments in Malaysia and Indonesia.
oil and gas
Red Sea and Hormuz Chokepoints Pressure Global Oil Supplies
Oil supply routes face mounting pressure as Houthi threats disrupt Red Sea shipments and attacks target Strait of Hormuz transits.
Business News
Government to Study Need for National Petroleum Reserve
Four Malaysian companies received six approvals for ARM technology, enhancing local innovation and positioning in the semiconductor market.
Business News
Ex-PETRONAS Manager Sought Petros Job Months Before Alleged Leak
Former PETRONAS manager applied for a Petros job months before allegedly attempting to leak confidential company information, court hears Tuesday.
Fuel
Government Expands Budi Diesel Quota for Pick‑Up and Jeep Owners
Government expands Budi Diesel quota to 300 litres monthly, aiding 200,000 pick‑up and jeep owners; transfer facility introduced.
oil and gas
Oil & Gas: Barrels Returns as Market Rebalances (Overweight)
The US and Iran's interim agreement to end war has lowered Brent crude prices, projecting a volatile 2026 market.
oil and gas
Petronas Eyes Development of World’s Second Largest Gas Field
Petronas is set to explore what is believed to be the world’s second largest gas field, marking a major milestone in Malaysia’s energy sector.…
oil and gas
Global Oil Supply Recovery to Take Time, Says Deputy Minister
Deputy Minister Akmal Nasrullah Mohd Nasir has said that the recovery of global oil supply will take time amid ongoing economic challenges. The situation…
Palm Oil
Plantations: El Nino Alerts (Overweight)
Malaysia’s palm oil inventories in May topped market expectation of 2.4m mt, as buyers switched to discounted Indonesian palm oil, which was about RM670/mt…
oil and gas
Oil prices could reach $150 if war with Iran heats up again
The latest escalation between the US and Iran has brought the April ceasefire to its most difficult moment so far, with crude prices rising…
Biomas
Weng Yat To Supply Biomass To Japan, Targets RM60 Mil Annual Revenue
Weng Yat Resources signed a deal to supply biomass to Japan, aiming for RM60 million in annual revenue beginning 2027.
Palm Oil
Malaysia Palm Oil Reserves Jump as Exports Decline
Malaysia’s palm oil reserves have recorded their biggest increase in five months as exports slowed. The surge reflects weaker external demand and changing market…
Subsidy
Anwar Rules Out Fuel Price Hike, Says Billions Spent Monthly on Subsidies
Prime Minister Anwar Ibrahim rejected fuel price hike suggestions, emphasizing government subsidies to maintain low retail fuel prices for Malaysians.