Malaysia palm oil output set for steep drop after Sabah floods
MALAYSIA's palm oil production is set for the steepest monthly decline in more than a year after floods across its major growing state, trimming inventories and likely underpinning higher prices.
Gold climbs over 1% as widening Middle East war fuels safe‑haven demand
GOLD prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as a widening Middle East conflict sent global markets tumbling and supported safe-haven demand.
Oil jumps nearly 5% on Middle East conflict
Oil prices settled up 4.7% on Tuesday, the highest since January 2025, as US-Israel battles with Iran intensified, disrupting energy shipments from the Middle East and stoking fears of a longer conflict.
Aluminium dips as dollar strengthens on widening Middle East war
ALUMINIUM pared earlier gains to close lower on Tuesday, pressured by a stronger dollar as the U.S. and Israeli air war against Iran dragged on for the fourth day, widening the Gulf region into the conflict.
Global oil, gas shipping costs surge as Iran vows to close Strait of Hormuz
SINGAPORE: Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the U.S.-Iran conflict intensified after Tehran targeted ships passing through the Strait of Hormuz, according to shipping data and industry sources on Tuesday.
Oil prices may climb towards US$90-100 on Saudi Aramco's Ras Tanura disruption, analysts say
KUALA LUMPUR: Crude oil prices may head towards the US$90-100 per barrel level following the disruption at Saudi Arabian state-owned oil giant Saudi Aramco's Ras Tanura plant, analysts say.
Oil spikes as widening crisis disrupts flows through Hormuz
LONDON: Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the critical Strait of Hormuz.
Opec+ crude output boost ignored
THE Organisation of the Petroleum Exporting Countries and its allies (Opec+) decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence.
M’sia risks missing out on oil gains
KUALA LUMPUR: Rising tensions in the Middle East are keeping global oil prices elevated, creating both opportunities and uncertainties for Malaysia's oil and gas (O&G) sector.
Brent crude may spike by US$15-20bbl amid US-Iran conflicts, says Public IB
KUALA LUMPUR: The United States-Iran conflict could result in Brent crude prices posting a "knee-jerk" move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public Investment Bank Bhd (Public IB).
