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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).

Petronas Shortens Planning Horizon To 45 Days Amid Global Supply Risks

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 3 (Bernama) – Petroliam Nasional Bhd (Petronas) has shortened its downstream planning horizon from three months to 45 days to address global energy supply uncertainties.

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.

Bursa Malaysia Ends Slightly Lower Amid Cautious Sentiment On West Asia Conflict

KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst.

LIAM Appoints Pauline Teoh As New President

KUALA LUMPUR, April 3 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has appointed Zurich Life Insurance Malaysia Bhd chief executive officer (CEO), Pauline Teoh, as its new president.

Bursa Malaysia Higher At Midday Amid Mixed Regional Market Performance

KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia settled marginally higher at midday, amid mixed performance in regional markets due to uncertainty over the outcome of the West Asia crisis.

Malaysia Airlines Launches Shenzen, Changsa Routes Starting July 2026

KUALA LUMPUR, April 3 (Bernama) -- Malaysia Airlines Bhd is expanding its network with the launch of new routes to Shenzhen and Changsha, China, starting July 2026.

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).

Malaysia Should Bolster Japan Ties To Stay Competitive Globally

KUALA LUMPUR, April 2 (Bernama) -- Malaysia needs to enhance its relations with Japan as a weapon to boost competitiveness in the global market and increase investment in high-end niche technology industries, said key speakers at the New Japan-Malaysia Industrial Cooperation Seminar.

MTA Unveils 2025 Blueprint, Takaful Sustainability Report

KUALA LUMPUR, April 2 (Bernama) -- The Malaysian Takaful Association (MTA) has launched the 2025 Financial Sector Blueprint (FSB) and Sustainability Report for Takaful today, highlighting the industry’s progress in advancing financial inclusion, sustainability and digital transformation.

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.