Newsfeed – Business News
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 […]
Buried treasure: Poland’s copper and silver mines power AI boom — and a looming global supply crunch
POLKOWICE (Poland), April 3 — Thousands of metres beneath the ground, amid suffocating heat, lies one of the keys to Poland’s rumbling mining sector — and the world economy. Whitish […]
UN’s FAO warns world food prices could rise further if Middle East conflict persists
PARIS, April 3 — World food prices climbed in March to their highest level since September last year and could rise further if the Middle East conflict that pushed up […]
Ringgit rebounds to 4.02 against US dollar as Straits of Hormuz supply concerns ease
KUALA LUMPUR, April 3 — The ringgit rebounded to the 4.02 level against the US dollar at the close today, as the Iran-Oman energy transit talks eased concerns over supply […]
Bursa Malaysia ends lower as Middle East tensions keep investors cautious
KUALA LUMPUR, April 3 — 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 […]