Oil prices extend losses on easing fears of Middle East supply disruption
OIL prices eased on Thursday, extending losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions, but stayed above $100 on concerns about the Middle East conflict expanding.
reNIKOLA unit signs 30-year power deal for Sarawak solar project
HONG KONG: Malaysian renewable energy company reNIKOLA said on Thursday that its unit, reNIKOLA Gedong Solar (Sarawak), signed a 30-year power purchase agreement with Syarikat Sesco Bhd for a planned solar project in Sarawak, the Malaysian state on Borneo island.
Cress cut likely to boost solar
A potential reduction in the system access charge (SAC) under the Corporate Renewable Energy Supply Scheme (Cress) could improve the economics of renewable energy (RE) projects and unlock fresh opportunities for solar engineering, procurement, construction and commissioning (EPCC) players, says UOB Kay Hian (UOBKH) Research.
Boosting regional energy security
AS the Asia-Pacific region accelerates its transition toward a low-carbon future, industry experts and government officials are calling for deeper collaborative governance, unified technical standards and resilient supply chain integration to ensure regional energy security and sustainable growth.
Oil slips on US stock build, Middle East disruptions limit losses
BEIJING/SINGAPORE: Oil prices fell on Wednesday, retreating after a two-day rally following an unexpectedly large build in U.S. crude inventories, while supply disruptions in the Middle East lingered.
PETRONAS, Jogmec strengthening collaboration via master agreement
KUALA LUMPUR: Petronas LNG Ltd (PLL) has entered into a Master Sales and Purchase Agreement (MSPA) with the Japan Organisation for Metals and Energy Security (JOGMEC) to safeguard Japan's energy security while respecting Malaysia's domestic supply needs.
IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows
LONDON: Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring.
Malaysia likely to retain control of nuclear plant
Malaysia, which has restarted the first phase of the International Atomic Energy Agency's Milestones Approach framework to develop the institutional and commercial foundations of a nuclear power programme, may choose an ownership structure akin to the United Arab Emirates' (UAE) Barakah nuclear power plant, says CIMB Research.
Utilities sector set for stronger second half
The utilities sector is set for a stronger second half (2H26) as electricity demand remains resilient and energy-transition investments gather pace.
Europe gas hits three-year high as traders race to fill storage
European natural gas hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, with no resolution in sight for the crisis in the Middle East and rising concerns about the supply outlook.
