PETALING JAYA: The Ocean Thunder, an oil tanker chartered by Petronas firm Petco carrying one million barrels of crude oil from Basra, Iraq, has safely arrived in Malaysia. Petronas confirmed this in a Facebook post, saying the shipment forms part of a broader...
KUALA LUMPUR, April 17 — The West Asia conflict has brought the world into an energy crisis with several sectors in Malaysia already feeling the impact, particularly the agricultural and logistics sectors. Meanwhile, Home Minister Datuk Seri Saifuddin Nasution...
KUALA LUMPUR, April 17 (Xinhua) — The escalating conflict in the Middle East is expected to begin weighing on Malaysian business performance over the next two to three months, as rising costs filter through the economy, the Malaysian Institute of Economic...
KUALA LUMPUR, April 18 — Today’s surge in fuel prices is not solely due to higher crude oil prices following the West Asia conflict, but also to increased risks to the global petroleum supply chain, driving up shipping costs and insurance premiums. The Ministry of...
KUALA LUMPUR, April 18 — Malaysia produces crude oil, but it still relies heavily on imports to meet domestic fuel demand that is nearly double local output, while global supply disruptions are also pushing up costs across the oil supply chain. The situation reflects...
Iranian Foreign Minister Abbas Araghchi said in a post on X on April 17 that the Strait of Hormuz ‘is open for all commercial vessels for the remainder of the U.S.-brokered 10-day truce between Israeli forces and Iran-backed Hezbollah agreed between Israel and...
