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Oil Price Surge Driven Not Only By Supply And Demand But Also Shipping Costs, Insurance Premiums - Petronas

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, April 3 (Bernama) -- The surge in global crude oil prices to as high as US$120 (US$1 = RM4.02) per barrel following the conflict in West Asia is not purely driven by supply and demand, but is also influenced by geopolitical factors, shipping costs, and insurance premiums, according to Petroliam Nasional Bhd (Petronas).

Rising Costs Across The Energy Value Chain Limit Petronas’ Profits

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 3 (Bernama) -- The surge in global oil prices following the conflict in West Asia does not necessarily lead to extraordinary profits, as cost increases also occur across the entire energy value chain, said Petroliam Nasional Bhd (Petronas).

Malaysia’s Palm Oil Sector In Advantageous Position Despite West Asia Conflict

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 3 (Bernama) -- Malaysia is in an extremely advantageous position as one of the world’s top palm oil exporters, continuing to supply edible oils to countries which are grappling with rising food prices and fertiliser supply disruptions due to the closure of the Strait of Hormuz.

Gradiant Wins Contract For AI Data Centre Water Facility In UK

KUALA LUMPUR, April 3 (Bernama) -- Gradiant, a global leader in advanced water and wastewater solutions, has secured a contract to design and deliver a water treatment facility for a hyperscale data centre in Didcot, Oxfordshire, in the United Kingdom (UK).

GoRental Eyes Malaysia Expansion After Goimpact Shows Energy Resilience In Thailand

CHIANG MAI, April 3 (Bernama) -- Singapore-based clean energy solutions provider GoRental Global is positioning Malaysia as a key market for its regional expansion as it scales up its GoImpact initiative to deliver decentralised energy solutions to underserved communities.

Malaysian Youths Redefining Work And Enterprise In Digital Age - Economy Minister

KUALA LUMPUR, April 3 (Bernama) -- Malaysian youths are redefining what work and enterprise can look like in the digital age through content creation, livestreaming, affiliate marketing and digital entrepreneurship on TikTok and TikTok Shop.

National Petroleum Supply Remains Stable, Govt Prepared With Contingency Plans - DPM Fadillah

KUALA LUMPUR, April 2 (Bernama) -- Malaysia’s petroleum supply remains stable and sufficient, and the government has prepared contingency plans to ensure continued supply under any circumstances, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Global Diesel Prices Surge Amid Supply Constraints, Robust Demand - Rystad Energy  

KUALA LUMPUR, April 2 (Bernama) -- Diesel prices are rising faster than petrol due to structural supply constraints, sustained industrial demand and limited flexibility in refining systems, according to energy research firm Rystad Energy.

Any Support, Initiative Introduced Must Be Structured, Done In Phases – Tengku Zafrul

KUALA LUMPUR, April 4 (Bernama) -- Any consideration to introduce additional support or initiatives must be well structured, implemented in phases, and activated when necessary for the people’s well-being, according to Tengku Datuk Seri Zafrul Abdul Aziz.

Germany’s New Fuel Policy May Accelerate EV Adoption -- Academician

KUALA LUMPUR, April 1 (Bernama) -- Germany’s latest petrol price regulation could reshape automotive demand by accelerating electric vehicle (EV) adoption, while raising broader concerns over inflation and cost pressures in Europe, said an academician.

World Bank Highlights Three Areas For Malaysia To Strengthen Long-term Positioning Amid West Asia Conflict

KUALA LUMPUR, March 31 (Bernama) -- The World Bank has outlined three key areas Malaysia should focus on to strengthen its long-term economic position amid current global challenges arising from the West Asia conflict.

MADANI Govt To Act Proactively Based On Data, Current Reality In Addressing Energy Crisis - PM Anwar

KUALA LUMPUR, March 31 (Bernama) --The MADANI Government will continue to act proactively based on data and the current reality, including seeking the views of industry players as well as small and medium enterprises (SMEs) in addressing the global energy crisis.