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By Saraswathi Muniappan
KUALA LUMPUR, March 23 (Bernama) -- “Force majeure” is French for “major force”, and in legal parlance, this means that an extraordinary event has occurred, such as the war in West Asia, which is beyond the control of a party and excuses them from fulfilling their contract.
KUALA LUMPUR, March 19 (Bernama) -- Oil prices could hit US$120 (US$1=RM3.93) per barrel if Iranian authorities act on their implied threat to strike on five facilities across Saudi Arabia, the United Arab Emirates (UAE) and Qatar, with Asia bearing the brunt given its dependence on Qatari volumes, according to an analyst.
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.
KUALA LUMPUR, March 12 (Bernama) -- The continued closure of the Strait of Hormuz following the United States (US)-Iran military escalation is pushing Gulf countries’ oil inventories toward maximum capacity, posing serious operational challenges for refiners across the region.
KUALA LUMPUR, March 12 (Bernama) -- Petroliam Nasional Bhd (Petronas) says the country has a degree of structural resilience to external shocks arising from the ongoing US-Iran conflict.
By Nor Baizura Basri
KUALA LUMPUR, March 11 (Bernama) -- Petronas said the elevated crude oil prices resulting from the US-Iran conflict are expected to produce some mixed outcomes for the company.
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.
ISTANBUL, March 2 (Bernama-Anadolu/Ina) -- An Iranian drone strike targeted Saudi Aramco’s Ras Tanura oil refining facility on Monday, igniting a fire outbreak, Anadolu Ajansi reported, citing media reports.
KUALA LUMPUR, Feb 24 (Bernama) -- LyondellBasell (LYB), a leader in the global chemical industry, has announced updates to its 2030 climate and circularity goals, citing the need for disciplined capital allocation amid evolving market conditions and regulatory developments.
JAKARTA, Jan 16 (Bernama) -- After nearly a decade of development, the Refinery Development Master Plan (RDMP) Balikpapan project, the flagship initiative under the national RDMP programme of PT Pertamina (Persero), has entered its initial operation phase, marking a major milestone in Indonesia’s refinery modernisation efforts.
KUALA LUMPUR, Jan 8 (Bernama) -- Asia-Pacific airlines recorded a 10.3 per cent year-on-year (y-o-y) growth in air cargo demand in November 2025, while capacity increased by 8.4 per cent y-o-y during the same period, according to the International Air Transport Association (IATA).
From Zufazlin Baharuddin
JAKARTA, Dec 19 (Bernama) -- SumiSaujana Group Bhd (SumiSaujana) plans to expand its footprint into Indonesia after wholly owned subsidiary SumiSaujana TCM Chemicals Sdn Bhd (SSTCM) entered into a memorandum of understanding (MoU) to jointly explore the development of a wet gas sulphuric acid (WSA) facility at PT Kilang Pertamina Internasional’s (KPI) refinery units in Indonesia.
