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Palm oil -- a duopoly market where bargaining power is key

Exclusive report by Nurul Hanis Izmir

KUALA LUMPUR, Oct 28  -- World's dominant palm oil producers, Indonesia and Malaysia contribute 87 per cent of the global supply -- creating a duopoly market of the most versatile edible oil. 

Turkmenistan wants to extend Petronas PSC to 2038 - Dr Mahathir

Exclusive report from Elmi Razali Elias

ASHGABAT (Turkmenistan), Oct 28  -- The Turkmenistan government wants to extend the production sharing contract (PSC) with Petroliam Nasional Bhd (Petronas) in the country to 2038, says Tun Dr Mahathir Mohamad.

Malaysians held in high esteem abroad - Dr Mahathir

Exclusive report from Elmi Rizal Elias

ASHGABAT (Turkmenistan), Oct 28 -- Malaysian professionals working abroad with special skills and capabilities are viewed with high regard, Tun Dr Mahathir Mohamad said. 

Huge investments in Turkmenistan reflects Petronas' confidence in long-term partnership - Azmin

ASHGABAT (Turkmenistan), Oct 26 -- Petronas’ huge investments in Turkmenistan reflects its confidence in a long-term partnership with the country, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said today.

Malaysia, Azerbaijan agree to expand cooperation in various fields

From D. Arul Rajoo

BAKU (Azerbaijan), Oct 26 -- Malaysia and Azerbaijan have agreed to strengthen their bilateral ties, especially in the energy and tourism sectors.

Dr Mahathir visits Petronas office in Azerbaijan

BAKU, Azerbaijan, Oct 26  -- Prime Minister Tun Dr Mahathir Mohamad today visited Petroliam Nasional Bhd (Petronas) office in the Azerbaijan capital here.

Price of RON97 drops nine sen while RON95 and diesel remain unchanged

KUALA LUMPUR, Oct 25  -- The retail price for RON97 petrol drops by 9 sen to RM2.59 per liter, while RON95 and diesel remain at RM2.08 and RM2.18 per liter respectively effective at midnight tonight until Nov 1.

IOI Corp expects CPO price to rise up to RM2,600 a tonne by April 2020

PUTRAJAYA, Oct 25-- IOI Corporation Bhd expects the crude palm oil (CPO) price to trade at between RM2,300 and RM2,600 per tonne in the first four months of 2020 due to declining production, said its managing director and chief executive officer, Datuk Lee Yeow Chor.

CPO futures hit one-year high as Malaysia seeks to resolve palm oil issue with India

Exclusive report by Siti Noor Afera Abu

KUALA LUMPUR, Oct 24 -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied to a year high as Malaysia seeks to resolve the palm oil issue with India.

Petronas advocates use of natural gas to address emerging megatrends

KUALA LUMPUR, Oct 24  – Petronas has been a strong advocate on the use of natural gas in addressing emerging megatrends such as rapid urbanisation, diminishing resources and the rising need for energy.