Tag Archives: crude

Petrol and diesel pump prices remain the same, despite rising crude oil prices. Retail prices for RON95, RON97 and diesel for May 2015 remain at existing levels, a Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC) spokesperson told Bernama today. Speculation was rife that prices would …

Malaysia’s ringgit erased earlier gains as Brent crude pared its advance and on concern China’s economic slowdown will hurt demand for the Southeast Asian nation’s exports. Ringgit erases advance on concerns of China slowdownwww.kinibiz.comMalaysia’s ringgit erased earlier gains as Brent crude pared …

Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of Opec’s largest market is intensifying. Iraq’s Basrah Light crude will sell at US4.10 a barrel below Middle East benchmarks, the lowest since a …

Crimped by the weakening of ringgit and the dramatic plunge in crude oil prices, local businesses are bracing for a tough Chinese New Year (CNY) season. To cope with the economic slowdown, most businesses employ a “small profits, quick turnover” strategy to ramp up their CNY sales ahead of the Feb 1 …

The country is not in crisis despite the alarming drop in global crude oil prices and the national currency, says Prime Minister Najib Abdul Razak. Nation not in crisis, declares PMwww.malaysiakini.comNajib, who is also finance minister, says situation now unlike 1997 and 2009. Malaysiakini’s …

Brent crude oil prices fell below US$ 49 a barrel and US crude also fell more than US$ 1 on Monday after the global economic outlook darkened and Iraq announced record oil production. Oil slips US$ 1 on global economy worrywww.kinibiz.comBrent crude oil prices fell below US$ 49 a barrel and US crude …

Brent crude drops below US$ 50 for first time since 2009 'I would not be surprised if the price falls to as low as around US$ 20…' Brent crude drops below US$ 50 for first time since 2009

Brent crude oil prices fell below US$ 50 (RM178.09) a barrel for the first time since May 2009 on Wednesday as global business growth slowed to its weakest in a year. Brent falls below US$ 50 for the first time since May 2009www.kinibiz.comBrent crude oil prices fell below US$ 50 (RM178.09) a barrel …

Crude prices have declined about 40% from a June peak amid overproduction and sluggish growth in consumption. Oil to stay near US$ 65 for 6 months, says KPCwww.kinibiz.comOil prices will stay at about US$ 65 (RM226.78) a barrel for at least half a year until the Organisation of the Petroleum Exporti …

RON95 may be three sen cheaper in December This is if average global crude oil prices remain at around US$ 80 per barrel. RON95 may be three sen cheaper in December

Deputy minister proposes RON95 price cut Ahmad Maslan urges this if crude oil prices go down to US$ 70-75 per barrel. Deputy minister proposes RON95 price cut

The ringgit fell the most among Southeast Asian currencies as crude futures in New York headed for a sixth week of losses. Ringgit hit by low oil prices, suffers biggest weekly declinewww.kinibiz.comMalaysia’s ringgit completed its biggest weekly decline in more than a year as crude oil prices dropp …

A drop of more than 20% in crude prices since June has undermined a major source of revenue. M'sia look towards GST for revenue as oil prices dropwww.kinibiz.comPlunging oil prices are sapping revenue from Malaysian Prime Minister Najib Razak’s government, putting the onus for budget repair on …

Unfortunately for FGV, the price of crude palm oil (CPO) as reported by the Malaysian Palm Oil Board (MPOB) continued its downward slide to close at RM1,977 per tonne yesterday. FGV ‘likely to make losses’ if palm falls below RM2,000www.kinibiz.comAnalysts predict a turn to losses for Felda Global V …

KiniBiz | Guaranteed returns from crude oil trading? Timeline PhotosIn the second part of our issue series on the crude oil invesment scheme, we look at the controversy surrounding a related company in Germany. Read on: http://www.kinibiz.com/?p=103423