LONDON, March 19 (Bernama-Xinhua) -- European gas and oil prices rose sharply in early trading on Thursday as escalating tensions in West Asia and attacks on energy infrastructure in Qatar and Iran have heightened concerns over supply disruptions, reported Xinhua.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 19 (Bernama) -- The ringgit eased against the US dollar at Thursday’s close following the United States Federal Reserve’s (Fed) decision to keep interest rates unchanged, providing support to the greenback.
BEIJING, March 19 (Bernama-dpa-AFX) -- Asian stocks nosedived on Thursday as rising oil prices following attacks on key energy infrastructure in West Asia rekindled concerns about inflation, interest rates, and the regional growth outlook, reported dpa-AFX.
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, March 18 (Bernama) -- Crude oil prices can go even higher than current levels of US$100-US$103 per barrel if the war in West Asia continues affecting passageway in the Strait of Hormuz and supply tightness becomes more acute, Kpler senior crude oil analyst Muyu Xu said today.
ISTANBUL, March 16 (Bernama-Anadolu) -- Oil prices rose again, with Brent crude hitting US$106 a barrel early Monday before retreating slightly to over US$104 as an escalation in West Asia tensions persists, Anadolu Ajansi reported.
KUALA LUMPUR, March 16 (Bernama) -- No economic stimulus package will be introduced for the time being in response to the West Asia conflict, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
JOHOR BAHRU, March 15 (Bernama) -- The National Economic Action Council (NEAC) will hold a meeting tomorrow to discuss the impact of the prolonged conflict in West Asia on the transportation sector, particularly aviation, and mitigation measures to safeguard oil and gas (O&G) supply.
KUALA LUMPUR, March 14 (Bernama) -- A prolonged conflict between the United States (US) and Iran could slash West Asia crude oil output by as much as 70 per cent in a worst-case scenario, energy research firm Rystad Energy said.
By Zufazlin Baharuddin
KUALA LUMPUR, March 14 (Bernama) -- Bursa Malaysia is likely to trade with a cautious tone as investors closely monitor developments in West Asia and movements in global energy prices.
By Voon Miaw Ping
KUALA LUMPUR, March 13 (Bernama) -- Intensifying maritime security tensions in the Strait of Hormuz amid the ongoing military conflict between the United States (US), Israel and Iran are putting the strategic chokepoint under intense international scrutiny.
KUALA LUMPUR, March 13 (Bernama) -- Oil and gas-related stocks opened higher after Iran’s new supreme leader indicated the Strait of Hormuz would stay closed.
KUALA LUMPUR, March 12 (Bernama) -- Bursa Malaysia’s benchmark index reversed earlier losses to end at its intraday high on Thursday, staging a late rebound during the final hour of trading.
