| LATEST NEWS | The government denies Bloomberg’s claim that the PM requested a special task force to delay the disclosure of Azam Baki’s shareholding investigation - KSN | The Attorney General’s Chambers will take further action against Bloomberg - KSN | Govt maintains RM300 BUDI Diesel aid for April, distribution starts April 8, benefitting 340,000 recipients with allocation RM102 million - MOF | Lorry driver killed in crash involving two tanker lorries at Km40.6 of the PLUS Highway this afternoon - Fire Dept | MADANI Govt will continue to act proactively based on data, current reality so the measures taken are comprehensive, balanced and effective in tackling global energy crisis - PM Anwar | |
KUALA LUMPUR, March 31 (Bernama) -- Energy security will remain paramount as the global energy system comes under increasing strain from escalating geopolitical tensions in West Asia, Petroliam Nasional Bhd (Petronas) said today.
KUALA LUMPUR, March 27 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, and TMX Trayport announced that Abaxx futures are now available for trading via TMX Trayport’s Joule platform.
KUALA LUMPUR, March 26 (Bernama) -- GasEntec, the global modular Liquefied Natural Gas (LNG) technology and infrastructure platform, has announced the appointment of Manoj Narender Madnani as its President.
KUALA LUMPUR, March 20 (Bernama) — Asia-Pacific economies now face rising risks of physical shortages, not only of energy, following the latest Iranian attack on Qatar’s Ras Laffan LNG facilities, including oil and gas but also of fertilisers and, by extension, potentially food later in the year.
ISTANBUL, March 20 (Bernama-Anadolu) -- The International Monetary Fund (IMF) said Thursday that a sustained rise in energy prices stemming from the war in West Asia could push global inflation higher and weigh on economic output.
KUALA LUMPUR, March 19 (Bernama) -- Oil prices could hit US$120 (US$1=RM3.93) per barrel if Iranian authorities act on their implied threat to strike on five facilities across Saudi Arabia, the United Arab Emirates (UAE) and Qatar, with Asia bearing the brunt given its dependence on Qatari volumes, according to an analyst.
BEIJING, March 19 (Bernama-dpa-AFX) -- Asian stocks nosedived on Thursday as rising oil prices following attacks on key energy infrastructure in West Asia rekindled concerns about inflation, interest rates, and the regional growth outlook, reported dpa-AFX.
KUALA LUMPUR, March 17 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, announced it has secured an equity capital raise of more than US$1.2 billion. (US$1=RM3.91)
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, March 17 (Bernama) -- Heightened geopolitical uncertainty surrounding developments in the Strait of Hormuz could influence global capital flows, with commodity-exporting economies such as Malaysia potentially better positioned amid rising energy prices.
By Samirul Ariff
Public discussion about energy often begins with a simple question: how much oil does a country possess? Yet this question, while intuitive, can be misleading. The real determinant of energy security is not merely the quantity of hydrocarbons beneath the ground, but the institutions and systems that govern their extraction, transport and distribution. Malaysia’s experience illustrates this principle clearly.
KUALA LUMPUR, March 14 (Bernama) -- Malaysia’s oil supply remains stable, cushioned by diversified crude and product sourcing, as well as deepwater storage and terminal infrastructure at the Pengerang Integrated Petroleum Complex (PIPC).
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 14 (Bernama) -- The ringgit is expected to trade in a range between RM3.93 and RM3.98 next week as investors will keep a close watch on the trajectory of crude oil prices.
