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KUALA LUMPUR, April 30 (Bernama) -- The United Arab Emirates’ (UAE) exit from the Organisation of the Petroleum Exporting Countries (OPEC) and its OPEC+ allies is not expected to significantly affect global oil prices, which are currently driven more by geopolitical factors.
KUALA LUMPUR, April 28 (Reuters) -- The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
KUALA LUMPUR, April 28 (Bernama) -- Global crude oil prices rose in a knee-jerk reaction following news that the United Arab Emirates (UAE) has left the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.
By Engku Shariful Azni Engku Ab Latif and N. Kuvineshwaren
KUALA LUMPUR, April 27 (Bernama) -- Malaysia is weathering the fallout from the West Asia crisis better than many peers, supported by early government intervention over the past three years to strengthen economic resilience.
KUALA LUMPUR, April 21 (Bernama) -- MTT Shipping and Logistics Bhd opened at RM1.08 in its Main Market debut on Bursa Malaysia today, five sen above its initial public offering (IPO) price of RM1.03.
PUTRAJAYA, April 20 (Bernama) -- The government has announced several measures to help micro, small and medium enterprises (MSMEs) sustain operations amid the global energy crisis and the West Asia conflict, which have raised operating costs and disrupted supply chains.
KUALA LUMPUR, April 14 (Bernama) -- Energy security is no longer optional, but it has become a strategic national priority due to recent escalations and the disruptions at the Strait of Hormuz that have sent shockwaves through the global energy market, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
By M. Saraswathi
KUALA LUMPUR, April 12 (Bernama) -- The gravity of a crisis is rarely understood until it intrudes and profoundly affects our daily lives.
KUALA LUMPUR, April 10 (Bernama) -- The global economy is facing renewed strain from the ongoing conflict in West Asia, with up to US$50 billion (US$1 = RM3.98) in financial support potentially needed to help vulnerable countries weather the shock, according to the International Monetary Fund (IMF).
KUALA LUMPUR, April 9 (Bernama) -- Malaysia’s ability to sustain macroeconomic stability is crucial in navigating global economic challenges amid ongoing West Asia tensions, said Juwai IQI global chief economist Shan Saeed.
BANGI, April 7 (Bernama) -- Malaysia’s strong economic fundamentals have enabled the country to face and weather global uncertainties, including protracted conflicts in West Asia, said Ambank Group chief economist Firdaos Rosli.
KUALA LUMPUR, April 7 (Bernama) -- Rising petroleum import prices and disruptions to global logistics caused by the Middle East conflict, which threaten inflation rates and the country’s long-term fiscal stability, serve as a warning for Malaysia to strengthen energy sovereignty by diversifying local energy sources.
