KUALA LUMPUR, April 18 (Bernama) --Malaysia still needs to import crude oil despite having its own oil production becausedomestic consumption is much higher, at about700,000 barrels per day, compared to the350,000 barrels produced per day, according to the Finance Ministry (MoF).

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.

KUALA LUMPUR, April 9 (Bernama) -- Oil prices rebounded towards US$100 per barrel amid lingering uncertainty over the two-week United States-Iran ceasefire and Irans renewed closure of the Strait of Hormuz following Israeli strikes on Lebanon.

KUALA LUMPUR, April 8 (Bernama) --The Ministry of Finance (MOF) said Malaysia's pump fuel prices have not declined as they are determined based on the previous weeks average prices, not current levels, despite a drop in global crude oil prices.

WASHINGTON: Seorang waris empayar minyak yang menyebabkan anak tirinya cacat kekal dalam satu serangan ganas diarah membayar pampasan melebihi AS$1 bilion (RM4 bilion). Charles Edwin Brooks Jr, yang merupakan cicit kepada pelabur syarikat gergasi Humble Oil, didapati bertanggungjawab sepenuhnya atas kecederaan parah yang dialami oleh mangsa, Blake Sampson

PETALING JAYA: Malaysians are taking the reduction in the Budi95 subsidised fuel quota in stride, with many expressing understanding of Putrajaya's move to rein in spending as geopolitical tensions in the Middle East continue to cloud global oil markets

By Durratul Ain Ahmad Fuad KUALA LUMPUR, March 26 (Bernama) -- The Malaysian government, under Prime Minister Datuk Seri Anwar Ibrahims leadership, is seen to be handling the current surge in oil prices wisely through various measures despite the West Asia conflict entering its fourth week with no signs of easing.

KUCHING: Sarawak police are intensifying efforts to curb fuel smuggling amid the Middle East conflict, which is affecting global oil supply and prices

TOKYO, March 25 (Reuters) - Japanese Prime Minister Sanae Takaichi asked International Energy Agency chief Fatih Birol for an additional coordinated release of oil stockpiles when they met on Wednesday, as Tokyo seeks to hedge against a prolonged Middle East conflict

KUALA LUMPUR, March 23 (Bernama) -- The Philippines, Vietnam and Malaysia are the top three ASEAN countries most exposed to supply risks stemming from the West Asia conflict, as the region continues to depend heavily on crude oil from the Persian Gulf.

NEW YORK, March 22 (Reuters) - Cuba is prepared for the unlikely possibility of a military engagement with the U.S., Cuban Deputy Foreign Minister Carlos Fernandez de Cossio said over the weekend in response to U.S

PETALING JAYA: Malaysia's fuel subsidy bill has surged more than fourfold in under a week due to a sharp spike in global oil prices triggered by disruptions in the Middle East shipping route, says the Prime Minister

HAVANA, March 22 (Reuters) - Cuba said it had begun efforts early on Sunday to restore power after its grid collapsed for the second time in a week amid a U.S. oil blockade that has dealt a major blow to the island's already ailing energy infrastructure

March 21 (Reuters) - Cuba's national electric grid collapsed on Saturday, the country's grid operator said, leaving around 10 million people without power amid a U.S.-imposed oil blockade that has crippled the island's already obsolete generation system