Malaysia Consumes 700,000 Barrels Of Oil Per Day, Double The Daily Production -- MOF

KUALA LUMPUR, April 18 (Bernama) -- Malaysia still needs to import crude oil despite having its own oil production because domestic consumption is much higher, at about 700,000 barrels per day, compared to the 350,000 barrels produced per day, according to the Finance Ministry (MoF).

Petronas Takes Delivery Of One Million Barrels Of Iraqi Crude Via Ocean Thunder

KUALA LUMPUR, April 18 (Bernama) -- Petroliam Nasional Bhd (Petronas) on Saturday confirmed that the vessel Ocean Thunder has arrived in Malaysia, transporting one million barrels of crude oil originating from Basrah, Iraq.

O&G Sector Remains Resilient Although IEA Slashes 2026 Oil Demand Outlook - MBSB IB

KUALA LUMPUR, April 17 (Bernama) -- The oil and gas sector remained positive, although the International Energy Agency (IEA) has sharply revised its 2026 oil demand outlook from growth of 730,000 barrels per day (bpd) to a contraction of 80,000 bpd, reflecting what it described as the largest supply disruption in history.

Global Diesel Prices Surge Amid Supply Constraints, Robust Demand - Rystad Energy  

KUALA LUMPUR, April 2 (Bernama) -- Diesel prices are rising faster than petrol due to structural supply constraints, sustained industrial demand and limited flexibility in refining systems, according to energy research firm Rystad Energy.

Malaysia Has Some Structural Resilience To External Shocks But Cannot Fully Insulate Itself - Petronas

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. 

Pertamina's RDMP Balikpapan Operation Boosts Indonesia’s Refining Capacity

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.

BMI: Malaysia's Average LPG Demand To Grow 0.8 Pct Annually Between 2025 And 2034

KUALA LUMPUR, Sept 8 (Bernama) -- Malaysia’s average liquefied petroleum gas (LPG) demand growth rate is projected to slow to 0.8 per cent annually between 2025 and 2034, said BMI, a Fitch Solutions company.

Continue To Explore Investment Opportunities Abroad, Extend The Sharing Of Technology - Fadillah

From Salawaty Supardi

ISTANBUL, April 23 (Bernama) – Major Malaysian companies are encouraged to continue exploring investment opportunities abroad to strengthen business collaboration and, more crucially, to extend the sharing of technology and expertise, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

NGC Energy Eyes Further Expansion Of Solar PV Business In Commercial And Industrial Sectors

By Zufazlin Baharuddin

KUALA LUMPUR, March 13 (Bernama) -- NGC Energy Sdn Bhd plans to further expand its solar photovoltaics (PV) system business in the commercial and industrial sectors this year from residential projects. 

Petron Malaysia Records Sharp Fall In 3Q Net Profit

KUALA LUMPUR, Nov 21 (Bernama) -- Petron Malaysia Refining and Marketing Bhd’s net profit fell to RM4.63 million in the third quarter (3Q) ended Sept 30, 2024, from RM81.90 million a year earlier amid a downward trend in oil prices.

BMI Predicts 2.0 Pct Growth In SEA LPG Demand

KUALA LUMPUR, Oct 28 (Bernama) -- Southeast Asia's (SEA) liquefied petroleum gas (LPG) consumption is projected to grow at an average rate of 2.0 per cent annually from 2023 to 2033, according to BMI, a unit of the Fitch group.