Bursa Malaysia Ends Morning Session Higher

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia ended the morning trading session higher, amid bargain-hunting activities after yesterday’s sharp losses.

Govt To Keep Subsidised RON95 Price At RM1.99 A Litre, Not Planning Drastic Changes - Akmal Nasrullah

KUALA LUMPUR, March 3 (Bernama) -- The government will continue to maintain the subsidised RON95 petrol price at RM1.99 per litre and has no plans to make any drastic changes to the current price or policy, said Economy Minister Akmal Nasrullah Nasir.

Strait Of Hormuz Closure May Sharply Tighten Crude Oil, LNG Supply – Akmal Nasrullah

KUALA LUMPUR, March 3 (Bernama) -- A temporary closure or restriction of the Strait of Hormuz could sharply tighten supply, pushing up global crude oil and liquefied natural gas (LNG) prices, Economy Minister Akmal Nasrullah Nasir said.

Bargain Hunting Lifts Bursa Malaysia In Early Trade

KUALA LUMPUR, March 3 (Bernama) -- Bursa Malaysia rebounded to open higher on Tuesday as bargain hunting emerged after yesterday’s sell-off.

Oil Prices May Climb Towards US$90-US$100 On Saudi Aramco’s Ras Tanura Disruption, Analysts Say

By K. Naveen Prabu

KUALA LUMPUR, March 3 (Bernama) -- Crude oil prices may head towards the US$90-US$100 per barrel level following the disruption at Saudi Arabian state-owned oil giant Saudi Aramco’s Ras Tanura plant, analysts say.

Ship, Cargo War Insurance Surge Amid Middle East Tensions

By Harizah Hanim Mohamed

KUALA LUMPUR, March 2 (Bernama) – The global maritime industry is closely monitoring rising tensions in the Middle East, with hull insurance and cargo war risk coverage skyrocketing in response to the current situation.

BNM Likely To Maintain OPR At 2.75 Pct -- Bank Muamalat

KUALA LUMPUR, March 2 (Bernama) -- Bank Negara Malaysia (BNM) is likely to keep the Overnight Policy Rate (OPR) at 2.75 per cent when the Monetary Policy Committee (MPC) meets this Thursday, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

Middle East Conflict Threatens Asia's Commodity Importers - Moody's Analytics

KUALA LUMPUR, March 2 (Bernama) -- Asia’s high-income economies, which heavily rely on commodity imports, are particularly vulnerable to the direct economic fallout from the conflict in the Middle East, according to Moody’s Analytics.

OPEC+ Latest Decision To Increase Output Signals Stockpiling Exercise - Rystad Energy

KUALA LUMPUR, March 2 (Bernama) -- The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) latest decision to increase its crude oil production target by 206,000 barrels per day (bpd) for April is a signal that the grouping is prepared to use spare capacity if needed.

Brent Crude May Spike By US$15-US$20 Per Barrel Amid Us-Iran Conflict, Says Public IB

KUALA LUMPUR, March 2 (Bernama) -- The United States-Iran conflict could result in Brent crude prices posting a “knee-jerk” move of US$15-US$20 per barrel (bbl) (US$1=RM3.89) from the latest close, potentially lifting it towards the US$90 bbl level, said Public Investment Bank Bhd (Public IB).

Ringgit Opens Marginally Lower Vs Greenback After Middle East Strike

KUALA LUMPUR, March 2 (Bernama) -- The ringgit opened marginally lower against the US dollar on the first trading day of March as risk-off sentiment intensified following a joint United States-Israel strike on Iran over the weekend.

Malaysian-Registered Vessels Advised To Avoid Transiting The Strait Of Hormuz

KUALA LUMPUR, March 1 (Bernama) -- All Malaysian-registered vessels and local shipping companies are advised to exercise necessary precautionary measures, including avoiding transiting through the Strait of Hormuz until further notice, to ensure the safety of navigation following security developments in the Middle East region.