Considered Malaysian news, analysis and opinion.
Iraq's Oil Ministry has firmly rejected reports suggesting the country might leave OPEC, clarifying that Baghdad remains committed to the organization while pressing for a reassessment of its production quota to reflect its actual capacity.
CIMB Securities expects crude prices to remain elevated as nations replenish oil reserves following recent supply shocks, providing support for the regional energy sector.
Russia has committed to supplying Malaysia with petrol, oil and gas over the long term, bolstering energy security for the Southeast Asian nation and signalling deepening strategic ties between the two countries.