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View all search resultsoil-and-gas
Economy 1 week ago
Malaysia diesel, transport fuel prices up for second week in a row
The cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday.
Markets 1 week ago
IEA head says more oil stocks can be released if necessary
International Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.
Economy 2 weeks ago
PREMIUM
RI taps foreign partners to build oil storage in Sumatra
Pertamina will partner with foreign investors to develop a strategic crude oil storage facility in Sumatra, aiming to increase the national reserves storage capacity to 90 days, a senior government official has said.
Middle East and Africa 3 weeks ago
Iran war sends oil prices soaring on supply fears
As Mojtaba Khamenei was appointed Iran's new leader, the benchmark price for a barrel of crude soared beyond $100 for the first time since Russia's invasion of Ukraine four years ago, prompting swift reactions across the world.
