Newsfeed – Business News
Analysts: Bursa Malaysia seen range-bound next week as Middle East tensions cap gains
KUALA LUMPUR, April 4 — Trading on Bursa Malaysia is expected to remain cautious and range-bound next week, as the local bourse continues to be confined within the 1,680–1,740 range […]
War jitters and US Fed pause to keep ringgit on the back foot next week, say analysts
KUALA LUMPUR, April 4 — The foreign exchange market is expected to remain cautious next week, with the ringgit likely to oscillate around 4.00 to 4.05 against the US dollar […]
Petronas president: ‘Efficiency is the first fuel’ in tackling energy crisis
KUALA LUMPUR, April 4 — Prudent energy use, optimising operational costs through artificial intelligence (AI) and sound financial management are key principles that must be practised in addressing the increasingly […]
Petronas cuts planning horizon to 45 days to tackle energy supply risks, says president
KUALA LUMPUR, April 4 — Petroliam Nasional Bhd (Petronas) has shortened its downstream planning horizon from three months to 45 days to address global energy supply uncertainties. Its president and […]
Oil at US$120? Petronas says it’s not the profit surge many think
KUALA LUMPUR, April 4 — 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 […]
It’s not just supply and demand — Petronas says shipping and insurance are pushing oil prices up
KUALA LUMPUR, April 4 — 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 […]
Malaysia has more breathing room on oil — but prices will still bite, says Petronas
KUALA LUMPUR, April 4 — Malaysia has a relatively sufficient crude oil supply compared with other Asean countries, said national oil and gas company Petroliam Nasional Bhd (Petronas). Its president […]
Who’s hit hardest by the Hormuz crisis? Greek, UAE and Chinese fleets lead the list
LONDON, April 4 — Shipping companies from Greece, the UAE and China are most affected by the closure of the Strait of Hormuz, according to data from Bloomberg and marine […]
In numbers: The commodities most affected by the Strait of Hormuz shutdown
LONDON, April 4 — Besides oil and gas, Iran’s blockade of the Strait of Hormuz has choked off shipments of crucial goods and raw materials to world markets. Overall volumes […]
Can anything stop oil hitting US$150? What governments and reserves can — and can’t — do
LONDON, April 4 — Having once more soared beyond US$110 (RM444) per barrel yesterday, could oil prices reach new records beyond US$150 as some analysts believe? President Donald Trump’s latest […]