In-depth reporting on Malaysia and the region.
Prime Minister Anwar Ibrahim announced that an additional Petronas tanker, cleared for transit through the Strait of Hormuz, is scheduled to arrive in Melaka in the coming weeks, signalling continuity in Malaysia's crude oil supply operations.
Bursa Malaysia's FBM KLCI climbed 16.18 points to 1,748.84 in midday trading as technology stocks surged on the back of strong overnight Nasdaq gains and major corporate earnings surprises from companies including Caterpillar and Palantir.
OPEC+ will hold its Joint Ministerial Monitoring Committee meeting on Sunday to determine September oil production levels. Seven member states implementing voluntary cuts are expected to raise production targets by 188,000 barrels daily.
The International Energy Agency has upgraded its 2026 oil demand forecast to 103.463 million barrels per day, alongside raising production expectations. The adjustments reflect moderating demand declines.