oil and gas

PETRONAS and ENEOS Reaffirm LNG Partnership for Energy Security

PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy security and support Asia’s growing…

12 hours ago

UAE Exit: Weakens OPEC+’s Control Over Spare Capacity

UAE exits OPEC+, weakening spare capacity control and signaling shift toward capacity-driven competition, raising volatility risks in global oil markets.

12 hours ago

Malaysia and Thailand Share Cost Worries but Diverge on Pressure Points

Survey shows Malaysia fears food inflation, Thailand fuel costs, as identical worry scores mask divergent structural pressures on households.

1 week ago

Amid ceasefire uncertainty, LNG prices still reflect optimism

Global LNG prices ease despite Middle East risks, with supply recovery hopes offset by uncertainty over Strait of Hormuz transit…

2 weeks ago

Global Conflict Puts Oil Refineries on Edge as Supply Risks Rise

Escalating geopolitical tensions threaten oil supply chains, raising refining costs and potentially impacting Malaysia's energy sector and fuel prices.

2 weeks ago

Physical Crude Market Signals Crisis as Futures Lag

Physical crude premiums and freight costs squeeze refiners, exposing futures market lag and worsening Europe’s looming product shortage.

4 weeks ago

Market: Caution amid oil surge

The FBM KLCI fell below 1,690, impacted by crude oil volatility and regional market tensions, anticipating Trump's next moves.

1 month ago

BusinessNews – 11th Edition – MARCH 2026 – The war for oil

Iranian tankers delivering fuel to Venezuela symbolize rebellion against U.S. oil control, challenging traditional trade dynamics.

1 month ago

Ringgit Strengthens As Global Oil Prices Remain Elevated

The Malaysian ringgit strengthened against the US dollar due to high global oil prices influenced by geopolitical tensions in West…

1 month ago

Oiltek Secures RM37.2m Global Contracts, Order Book Hits RM350m

Oiltek secures RM37.2m contracts across four regions, boosting order book to RM350m, strengthening diversified footprint and supporting FY2026 growth.

2 months ago

Latin America’s Oil Growth Anchored by Argentina, Guyana and Brazil Despite Venezuelan Return

Argentina, Guyana and Brazil lead Latin America’s oil growth in 2026, while Venezuela’s comeback faces legal, financial and environmental hurdles.

3 months ago

Trump Announces Venezuela to Hand Over Up to 50 Million Barrels of Oil to US

President Trump says Venezuela's interim government will transfer 30-50 million barrels of oil, proceeds controlled by US for bilateral benefit.

4 months ago

US Abduction of Maduro Sparks Limited Near-Term Oil Disruption, Long-Term Uncertainty

Analysts see minimal short-term oil market impact from Maduro's capture, but long-term Venezuelan production revival remains uncertain.

4 months ago

OPEC+ to Pause Output Hikes in Early 2026 as Supply Risks Loom

OPEC+ will halt output hikes in early 2026 amid fears of oversupply, with Brent prices expected to stabilise.

6 months ago

Global Energy Scenarios 2025: The next energy era

The global energy transition emphasizes clean electricity and electrification, requiring significant emissions reductions to limit warming to 1.9 degrees.

6 months ago

NGC Energy Nears 10 Mil Safe Man-Hours Amid Growing Demand for Safe Gas & Utilities Solutions

Founded in 2012, NGC Energy provides end-to-end gas and utilities engineering services, covering the full project lifecycle from design and…

6 months ago

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