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Three Killed in Petronas Floating Vessel Accident Off Malaysia
WorldSCMPchannel-news-asiamalay-mail+1star-malaysia16d ago4 sources

Three Killed in Petronas Floating Vessel Accident Off Malaysia

Three workers were killed and one critically injured in an accident involving a lifeboat on a Petronas floating vessel off the coast of Malaysia. Investigations into the incident are currently underway.

Malaysian PM: Petronas May Negotiate Oil Deal with Russia
Businessstraits-timesmalay-mailstar-malaysia1mo ago3 sources

Malaysian PM: Petronas May Negotiate Oil Deal with Russia

Malaysian Prime Minister Anwar Ibrahim announced that the national oil company Petronas is considering negotiations with Russia for an oil deal. He emphasized that domestic energy needs would remain a priority in any potential agreement.

Middle East Conflict Fuels Inflation, Hits Consumer Confidence, Prompts Global Economic Measures
FinanceReutersBBCbloomberg+55NYTwsjAl Jazeeradr-dkcnbchelsingin-sanomattagesschaufaz+47 more2mo ago58 sources

Middle East Conflict Fuels Inflation, Hits Consumer Confidence, Prompts Global Economic Measures

The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.

Eni and Petronas Launch New Southeast Asia Gas Joint Venture, Searah
BusinessYahoochannel-news-asiaANSA+1seeking-alpha2d ago4 sources

Eni and Petronas Launch New Southeast Asia Gas Joint Venture, Searah

Italian energy company Eni and Malaysian oil and gas giant Petronas have officially launched Searah, an independent joint venture focused on natural gas operations in Southeast Asia. This new venture aims to expand their presence and activities in the region's gas market.

IEA Warns Europe Faces Imminent Jet Fuel Shortage
TechnologyAPReutersBBC+86bloombergNYTwsjFTThe GuardianNPRAl Jazeeradr-dk+78 more1mo ago89 sources

IEA Warns Europe Faces Imminent Jet Fuel Shortage

The International Energy Agency (IEA) and other organizations have issued urgent warnings that Europe could run out of jet fuel within six weeks. This potential shortage is a primary concern for the EU, prompting discussions about emergency plans.

Malaysia Seeks to Secure Russian Oil Supply
Politicschannel-news-asia1mo ago

Malaysia Seeks to Secure Russian Oil Supply

Malaysia's national oil company Petronas is set to negotiate with Russia for oil purchases to ensure sufficient domestic supply, according to Prime Minister Anwar Ibrahim. This makes Malaysia one of several Southeast Asian nations pursuing Russian oil.

Trump threatens to strike Iran's infrastructure if Strait of Hormuz isn't reopened
WorldReutersBBCbloomberg+57NYTwsjle-mondeThe GuardianNPRAl JazeeraCNNFox News+49 more2mo ago60 sources

Trump threatens to strike Iran's infrastructure if Strait of Hormuz isn't reopened

US President Donald Trump on Sunday stepped up his threat to hit Iran's critical infrastructure hard if the country's government doesn’t reopen the Strait of Hormuz by his Monday deadline. Trump punctuated his threat with profanity in a social media post Sunday, saying that Tuesday will be “Power Plant Day, and Bridge Day, all wrapped up in one, in Iran.” He also offered details of the rescue of a “seriously wounded and really brave” US service member he identified as a “respected colonel” who w

India Sees Record Hikes in Jet Fuel and Commercial LPG Prices Amid Iran War
BusinessReutersbloombergFT+38The GuardiantagesschaufazDWle-figaroSCMPNHK Worldtelex+30 more2mo ago41 sources

India Sees Record Hikes in Jet Fuel and Commercial LPG Prices Amid Iran War

Prices for commercial LPG have increased by Rs 195.50, premium petrol by Rs 11 per litre to Rs 160, and jet fuel has crossed Rs 2 lakh per kilolitre, with these surges attributed to escalating global oil prices linked to the West Asia conflict. The US-Israel war with Iran is directly hitting India's aviation and hospitality sectors, causing record-breaking aviation fuel prices and more expensive commercial LPG cylinders.