Brent cracks $70 for first time since pandemic began after Saudi facilities attacked
Despite fast-rising crude prices, Saudi Arabia's oil minister has voiced doubts on demand recovery.
Mon Mar 08 2021
Oil prices dip on fears Middle East rift could harm OPEC cuts
The move initially pushed Brent crude prices up as much as 1 percent as geopolitical fears rippled through the market.
Mon Jun 05 2017
BN explains petrol price hike, told Opposition to not mislead public
Barisan Nasional has hit out on opposition leaders for criticizing the hike in petrol prices by 20 sen in February despite a drop in international crude prices last month.
Wed Feb 01 2017
Oil prices surge on OPEC deal; global stocks are mixed
Oil prices jumped nearly 10 percent Wednesday, boosting energy-linked equities after OPEC thrashed out its first output cut since 2008.
Wed Nov 30 2016
Big Oil to cut investment again in 2016
At $37 a barrel, crude prices are well below the $60 mark which oil firms need to balance their books, a level that has already been sharply reduced over the past 18 months.
Mon Jan 04 2016
Saudi posts record deficit, cuts fuel subsidies
Riyadh also projected a shortfall of $87 billion in next year's budget, the first since King Salman took over the country in January.
Tue Dec 29 2015
Oil prices drop 3 percent as investors retreat from overnight gains
Oil prices fell 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude soared more than 8 percent in the previous session.
Tue Sep 01 2015
Oil prices resume decline on supply glut worries
Oil prices resumed their decline in Asia following a US report showing that stockpiles surged last week.
Wed Jul 22 2015
Ringgit forwards point to further weakness weighed by oil, 1MDB
Offshore forwards show the ringgit may weaken another 2.7 percent in the next 12 months.
Thu Jul 16 2015
Managed float system gives flexibility to consumers to enjoy cheaper fuel
Analysts believe there is a strong possibility for the price of RON95 to be lower than its current subsidised retail price.
Fri Nov 21 2014
Crude prices rise in Asia on US fiscal hopes
Oil prices rose in Asia Tuesday, with hopes rising of a US deal to avert the fiscal cliff after a meeting between President Barack Obama and top Republican lawmaker John Boehner, analysts said.
Tue Dec 18 2012