PETRONAS, Aramco announce transfer of full ownership of PRefChem to PETRONAS
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Saudi Arabian Oil Company (Aramco) today announced the signing of an agreement for the transfer of the latter's equity stakes, held via Aramco Overseas Company B.V., in Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, PRefChem), located within the Pengerang Integrated Complex, Pengerang, Johor to PETRONAS.
Oil slips US$5 as US, Iran seen moving closer to peace deal
SINGAPORE: Oil prices fell more than $5 to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues such as blockades on the Strait of Hormuz.
Oil prices rise as investors doubt breakthrough in US-Iran peace talks
SINGAPORE: Oil prices climbed on Friday but were on track for a weekly loss as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks.
Govt assures 85% of consumers protected from power tariff hikes
PUTRAJAYA: Electricity tariff protection will remain in place to ensure about 85% of Malaysians are shielded from any impact, despite pressure from rising energy costs on prices and the economy.
Energy sector powers green growth ambitions
As Vietnam targets double-digit gross domestic product (GDP) growth in the 2026 to 2030 period, the energy sector is facing a dual challenge of ensuring energy security while fulfilling the country's commitment to achieving net-zero emissions by 2050.
China's oil giants ramp up efforts in clean energy
CHINA's State-owned oil majors are rapidly accelerating their pivot toward renewable energy, transforming from traditional fossil-fuel drillers into integrated green energy powerhouses to meet the nation's ambitious "dual carbon" goals.
Oil edges up as investors focus on Trump-Xi meeting in Beijing
BEIJING/SINGAPORE: Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.
Oil rises US$4 after Trump rejects Iran's response to US peace proposal
SINGAPORE: Oil prices rallied on Monday, a day after President Donald Trump said Iran's response to a U.S. proposal was "unacceptable," raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.
Asia gets first Mexican fuel oil cargo in 9 months after Mideast disruption
SINGAPORE/MEXICO CITY: Asia received its first fuel oil cargo from Mexico in nine months on Thursday, with more to follow, as higher Asian prices draw supply after the loss of Middle East cargoes due to the Iran war, according to industry sources and shipping data.
New Zealand eyes storage options in S’pore, M’sia
New Zealand is looking at storing fuel in Malaysia and Singapore, says a senior government minister, as the impacts of the Iran war expose the risks from its limited domestic storage capacity.
