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...
KUALA LUMPUR, April 10 (Xinhua) — Seven Malaysian-owned vessels previously stranded in the Strait of Hormuz are making the journey away from the waterway in stages, Prime Minister Anwar Ibrahim said on Friday. One is on its way to its destination, and six others...
KUALA LUMPUR, April 9 — Prime Minister Datuk Seri Anwar Ibrahim today warned that global conflict is driving up shipping and insurance costs, even as Malaysia’s economy continues to outperform expectations and remains relatively stable compared with its neighbours. In...
Malaysia Prime Minister Anwar Ibrahim on Thursday (April 9) urged Malaysians to brace for rising costs amid energy shortages as the Middle East conflict drags on into its sixth week. Addressing civil servants at the Malaysia Ministry of Transport, Anwar pointed...
As part of its efforts to secure 900,000 barrels of diesel in April, the Department of Energy (DOE) announced the arrival of the second government-secured diesel shipment under its Emergency Energy Security Program, consisting of 329,000 barrels from Malaysia. The...
