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.
Category: oil and gas
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.
Bursa Malaysia
Hap Seng Plantations Outlook Supported by Stronger Harvest and Lower Costs
Hap Seng Plantations is expected to benefit from stronger fresh fruit bunch production, lower unit costs and resilient crude palm oil prices, supporting earnings…
Stocks and Markets
Asia share markets slips as oil prices surge
Asia's markets declined due to rising oil prices from Gulf tensions, with analysts warning of potential critical inventory levels this summer.
Business News
Oil Prices Rise Amid Fragile US-Iran Talks
Oil prices rise on uncertainty over US-Iran talks.
Agriculture
Plantations: A Surprise Reversal for Inventory (Overweight)
Meanwhile, Crude Palm Oil (CPO) futures eased to the current level of RM4,515/mt after rising as high as RM4,777/mt last month.