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Opec+ set to raise oil output in September as members push for more supply
LONDON, Aug 2 — Saudi Arabia, Russia and five other members of Opec+ are expected to raise their oil production quotas for September when they meet online Sunday as the Middle East war continues to disrupt global energy supplies. The
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Hajiji: Sabah expects 40pc stake in floating gas project, 20pc in Sandakan field under new Petronas deal
KALABAKAN, Aug 1 — The Sabah government is expected to secure a 40 per cent stake in a floating liquefied natural gas (FLNG) project in the state under an agreement to be signed with Petronas in the coming months. Sabah
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F&N profit rises to RM93.6m as Malaysia growth offsets Indochina weakness
KUALA LUMPUR, July 31 — Fraser & Neave Holdings Bhd’s (F&N) net profit rose to RM93.58 million in the third quarter ended June 30, 2026 (3Q FY2026) compared to RM84.82 million in the same period a year ago, arising from
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ExxonMobil cashes in on oil shock with US$14.5b quarterly profit
NEW YORK, July 31 — ExxonMobil’s second-quarter profits more than doubled to US$14.5 billion (RM60 billion) on surging oil prices and refining margins due to the Middle East war, the company reported today. The results come on the heels of
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Bank Negara: Cheaper fuel cools Malaysia’s inflation to 1.9pc in June
KUALA LUMPUR, July 31 — Lower retail fuel inflation, particularly for RON97 and diesel, contributed to Malaysia’s headline inflation easing to 1.9 per cent in June, said Bank Negara Malaysia (BNM). In its Monthly Highlights for June 2026 released today,
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ExxonMobil, Chevron profits surge as Middle East crisis lifts oil prices, but Trump under pressure as US consumers feel the squeeze
NEW YORK, July 31 — US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and exacerbating President Donald Trump’s worries about upcoming midterm elections. The second-quarter reports from ExxonMobil
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Paris IEA says Mideast war supercharges EV boom, with records set in 50 countries
PARIS, July 30 — Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. Electric vehicle (EV) sales jumped 35 per cent in the second quarter
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Bursa Malaysia climbs despite crude oil rebound, US‑Iran hostilities clouding market outlook
KUALA LUMPUR, July 30 — Bursa Malaysia’s key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve’s (Fed) decision
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PSD taps TNG eWallet to provide pension lifeline for retirees facing banking access issues
KUALA LUMPUR, July 30 — TNG Digital Sdn Bhd today underscored its support for the Public Service Department’s (PSD) alternative pension payment initiative through Touch ‘n Go (TNG) eWallet, saying the platform is already used by more than 3.4 million
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Microsoft’s AI machine kicks into gear with US$35.8b profit
SAN FRANCISCO, July 30 — Microsoft beat analysts’ expectations in its latest quarterly report, saying yesterday that the results were partly driven by its cloud and artificial intelligence divisions. The tech giant reported US$90 billion (RM368 billion) in revenue and
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