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There are 546 news based on search keyword " oil"

Ringgit Ends Easier Against US Dollar As West Asia Conflict Weighs On Sentiment

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 9 (Bernama) -- The ringgit ended easier against the US dollar on Wednesday, as market sentiment remained cautious amid an evolving outlook in West Asia, said an economist.

Bursa Malaysia Closes Flat On Caution As Oil Rises To US$100 Amid Escalating West Asia Conflict

By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia closed flat on Wednesday amid investor caution as heightened tensions in West Asia pushed Brent crude oil to above US$100 per barrel, an analyst said.

Rubber Market Extends Gains On Supply Concerns

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 9 (Bernama) -- The rubber market extended its uptrend on Wednesday, tracking gains in regional rubber futures markets supported by declining Indonesian supply, which reinforced concerns over supply tightness.

Bursa Malaysia Ends Slightly Lower At Noon Break

KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia ended the morning session slightly lower as profit-taking emerged among selected heavyweights, mainly banking stocks.

Perdana Petroleum Proposes Additional 'Third Eye' For Offshore Monitoring

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 9 (Bernama) -- Budget 2027 should consider establishing a formal information-sharing framework that enables offshore support vessels (OSVs) to serve as an additional “third eye” in safeguarding Malaysia’s waters and critical offshore energy infrastructure, said Perdana Petroleum Bhd.

Bursa Malaysia Rebounds, Opens Higher Despite Wall Street Weakness

KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia rebounded from Tuesday’s losses to open higher on Wednesday despite weakness on Wall Street, as concerns over higher crude oil prices intensified amid escalating tensions in West Asia, an analyst said.

PNB Launches Second US$300 Mln Secured Exchangeable Sukuk

KUALA LUMPUR, Sept 9 (Bernama) -- Permodalan Nasional Bhd (PNB) has launched its second US$300 million secured exchangeable sukuk to optimise its portfolio through innovative capital market solutions.

Ringgit Opens Higher Against US Dollar Amid Rate-hike Expectations

KUALA LUMPUR, Sept 9 (Bernama) -- The ringgit opened higher against the US dollar on Wednesday as the greenback weakened, while markets weighed the prospects of interest rate hikes in the United States and Japan.

CPO Futures End Mixed

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 8 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed on Tuesday, amid expectations of a slower export pace.

Favelle Favco Secures RM131.7 Mln In Crane Supply Contracts

KUALA LUMPUR, Sept 8 (Bernama) -- Favelle Favco Bhd (FFB) has secured purchase orders worth a combined RM131.7 million from four clients to supply tower and offshore cranes.

Ringgit Ends Lower As Oil Prices Rise, Fed Decision Looms

By Karina Imran

KUALA LUMPUR, Sept 8 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday, weighed by higher crude oil prices and cautious sentiment ahead of the US Federal Reserve’s (Fed) next policy decision, an analyst said.

Oil Price Seen At US$95-US$110 On Sustained Hormuz Impairment, Refinery Outage And Inventory Draws

By Nor Baizura Basri

KUALA LUMPUR, Sept 8 (Bernama) -- Global oil prices are expected to range between US$95 and US$110 per barrel following a core risk-adjusted price regime due to sustained Hormuz impairment, additional refinery outages and accelerating inventory draws, says an economist.