OPEC oil output plunges in March as war forces export cuts, Reuters survey finds
LONDON: OPEC oil output plunged in March to its lowest level since the height of the COVID-19 pandemic in June 2020, a Reuters survey found, as the U.S.-Israeli war against Iran effectively closed the Strait of Hormuz and forced export cuts.
PETRONAS works with authorities to boost output, secure supply
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) is working with the relevant authorities to secure domestic supply while accelerating efforts to raise crude production.
Oil slides as Middle East uncertainty keeps markets on edge
SINGAPORE: Oil tumbled more than 3% on Wednesday, reversing earlier gains as persistent Middle East volatility unnerved markets even amid reports the U.S.-Israeli war with Iran could be winding down.
PETRONAS seeks to bring forward first CO2 injection at Kasawari to 2027
KUALA LUMPUR: PETRONAS is looking to bring forward the first carbon dioxide (CO2) injection for its carbon capture and storage (CCS) project at the Kasawari gas field, offshore Sarawak, to as early as 2027.
Global geopolitical tensions to keep energy security in focus
Energy security will remain paramount as the global energy system comes under increasing strain from escalating geopolitical tensions in West Asia, says Petroliam Nasional Bhd.
At 'Davos of energy', AI looks to gas to power its rapid expansion
Natural gas took centre stage this week at the world's largest energy conference, as major market players discussed how to power the rise of artificial intelligence.
PETRONAS denies involvement in reported Philippine fuel supply deal
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has denied any involvement in a reported fuel supply deal involving a local government unit in the Philippines.
Oil prices climb as investors reassess Middle East ceasefire prospects
TOKYO: Oil prices climbed on Thursday, recovering some of the previous day's losses as investors reexamined prospects for de-escalation in the Middle East as Iran said it was still reviewing a U.S. proposal to end the war, which has disrupted energy flows.
Energy shocks will slow climate action, says BHP
Ongoing energy disruptions will set back efforts to curb greenhouse gas emissions as nations prioritise supply security, according to one of the most senior executives at the world's top mining company, BHP Group.
Oil prices drop on prospect of Middle East ceasefire easing supply disruption
Oil prices fell around 4% on Wednesday on the prospect of a possible ceasefire easing supply disruptions from the key Middle East producing region after reports the U.S. sent Iran a 15-point plan to end the war between them.
