Reliable national and regional news coverage.
Malaysia's fuel supply through Petronas stations will remain stable and sufficient until September, according to the Minister in the Prime Minister's Department. The government is diversifying crude oil sources beyond West Asia.
Malaysia's unsubsidised fuel prices will increase by 20 sen per litre from July 30, with RON97 reaching RM4.40 and diesel climbing to RM4.62. The hike reflects escalating geopolitical tensions in the Middle East.
Bangladesh has formally requested Malaysia's support in securing liquefied natural gas supplies to address a deepening energy crisis. Prime Minister Anwar Ibrahim said the request came from his Bangladeshi counterpart Tarique Rahman, with Petronas involvement being explored.
Philippine President Ferdinand Marcos Jr. has declared ASEAN a vital "safe harbour" for his nation, emphasising the bloc's collective strength in addressing regional security challenges, food shortages, and energy demands amid escalating global tensions.
Sultan Ibrahim's unprecedented royal diplomacy has fundamentally strengthened Russia-Malaysia ties as the nations prepare to celebrate 60 years of diplomatic relations next year, opening new avenues for cooperation in energy and technology.
Egypt and Russia are advancing their strategic partnership through new economic initiatives, including a grain and petroleum logistics corridor, progress on the El Dabaa Nuclear Power Plant, and plans for seasonal tourist flights between the nations.
Japan has committed to deepening regional cooperation on energy security and combating online scams at a foreign ministers meeting in Manila involving ASEAN nations, China, and South Korea.
Malaysia's decision to study establishing a national petroleum reserve responds to mounting geopolitical risks threatening global energy supplies. Analysts warn of structural instability in key shipping corridors and recommend diversified resilience strategies.
ASEAN wrapped up its Foreign Ministers' Meeting in Manila with a series of discussions focused on energy and food security in light of escalating West Asia tensions. The bloc's eleven dialogue partners committed renewed support for regional stability.
Across Southeast Asia this week, governments implemented environmental safeguards, reshuffled leadership and addressed energy security. Indonesia collaborated with OceanX on marine conservation while the Philippines led ASEAN discussions on geopolitical concerns.
Thailand and Cambodia are establishing a UN conciliation commission to resolve maritime boundaries in the Gulf of Thailand, but disagree on whether talks should include joint development of offshore energy resources worth an estimated US$300 billion.
Iran's Islamic Revolutionary Guard Corps claimed two oil tankers were damaged after striking mines in the Strait of Hormuz, amid escalating US-Iran tensions threatening one of the world's most critical maritime chokepoints.
Iranian forces reportedly attacked a Thai-flagged vessel in the Strait of Hormuz as US and Iranian military operations intensify, threatening commercial shipping and global oil supplies through one of the world's busiest energy corridors.
Malaysia is studying the creation of a national petroleum reserve as part of a broader strategic reassessment of energy security. Experts say the move reflects shifting global realities where economic resilience now rivals efficiency in importance.
A leading economist has cautioned Malaysia against adopting large-scale petroleum reserve models similar to the United States and Japan, recommending instead a phased approach that balances energy security with fiscal constraints.
Prime Minister Anwar Ibrahim announced the government will evaluate establishing a national petroleum reserve to bolster energy security amid geopolitical uncertainties. The move comes as Malaysia accelerates renewable energy adoption and transport electrification.
Iran has rejected US President Donald Trump's proposal for ceasefire-free negotiations, insisting Washington first agree to Iranian demands regarding Hormuz transit and oil sales. Trump responded with threats of overwhelming military force.
Malaysia's energy supply remains stable despite tensions in the Strait of Hormuz, Deputy Prime Minister Datuk Seri Fadillah Yusof said, with Petronas and the Prime Minister engaging in multilevel negotiations to protect national energy security.
The 12-member CPTPP trade bloc has endorsed the recent US-Iran agreement and called for the Strait of Hormuz to remain open to protect global energy trade and supply chain stability.
Prime Minister Anwar Ibrahim's recent diplomatic missions to Russia and Turkmenistan have secured major energy agreements expected to stabilise Malaysia's fuel supplies and generate revenue for national development projects.
Malaysia's fuel supplies through Petronas petrol stations will remain stable until August, covering roughly half of domestic consumption. A government crisis task force is actively monitoring energy security.
Southeast Asia is accelerating economic development through major infrastructure and tech initiatives. Indonesia launches a 40-year mortgage scheme and pursues $121 billion in EV battery investment, while the region strengthens education, energy security, and cross-border trade frameworks.
Prime Minister Anwar Ibrahim's recent diplomatic tour of Russia and Turkmenistan has yielded major breakthroughs in energy collaboration, signalling Malaysia's strategic diversification away from traditional sources and towards Central Asian suppliers.
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Prime Minister Datuk Seri Anwar Ibrahim's diplomatic missions to Russia and Turkmenistan are positioning Malaysia as a strategic investment destination, with new energy agreements and expanded opportunities across multiple sectors.
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Prime Minister Anwar Ibrahim has attributed Malaysia's breakthrough agreement with Turkmenistan on gas development to the country's principled stance of maintaining balanced international relations without favouring major powers.
Prime Minister Anwar Ibrahim says Malaysia is strengthening its energy security through strategic partnerships with major producers like Russia, assuring stable long-term supplies as the nation navigates complex global energy markets.
Prime Minister Anwar Ibrahim's four-day diplomatic tour across Central Asia demonstrates Malaysia's deliberate effort to expand economic partnerships beyond traditional markets, securing energy deals and trade frameworks amid intensifying global competition.
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Prime Minister Anwar Ibrahim's strategic visits to Russia and Turkmenistan have yielded significant energy agreements, reinforcing Malaysia's position within BRICS and diversifying the nation's fuel supply chains.
Prime Minister Datuk Seri Anwar Ibrahim's recent official visits to Russia and Turkmenistan have produced positive outcomes for Malaysia's energy sector, according to BRICS International Malaysia, which emphasizes gains in oil and gas cooperation and strategic economic partnerships.
Petronas's deepening involvement in Turkmenistan's energy sector provides Malaysia with crucial access to some of the world's largest untapped gas reserves, positioning the nation as a key player in global energy markets.
Donald Trump has announced a 60-day moratorium on maritime tolls in the Strait of Hormuz, but signalled Washington may impose its own charges afterwards if no final agreement is reached.
A Liberian-flagged crude oil tanker owned by Japan's Kyoei Tanker safely transited the Strait of Hormuz on Friday, becoming the last Japanese-crewed vessel to evacuate the Persian Gulf region following a US-Iran memorandum of understanding.
Russian President Vladimir Putin has assured Malaysia of reliable oil and gas supplies over the next 20 years, according to Prime Minister Anwar Ibrahim. The commitment forms part of broader efforts to strengthen energy security and trade ties.
Prime Minister Anwar Ibrahim has announced strategic energy partnerships with Russia and Turkmenistan, guaranteeing Malaysia's oil and gas supplies for at least two decades while opening export opportunities to major Asian economies.
Prime Minister Anwar Ibrahim says Turkmenistan's decision to award Petronas a stake in a major gas field demonstrates international confidence in Malaysia's economic strength and political stability.
Prime Minister Anwar Ibrahim has praised Petronas for securing a major gas field development agreement in Turkmenistan, marking a significant milestone for Malaysia's energy strategy and regional partnerships.
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Prime Minister Anwar Ibrahim has secured commitments from Russia for sustained supplies of petroleum, oil, and natural gas to Malaysia, bolstering the nation's energy security outlook.
Sultan Hassanal Bolkiah attended the Asean-Russia Commemorative Summit in Kazan, Russia, highlighting the bloc's 35-year dialogue partnership and calling for expanded cooperation on energy, climate and security challenges.
Prime Minister Anwar Ibrahim secured long-term petrol, oil, and gas supplies from Russia during a two-day visit to Kazan, marking a significant boost to Malaysia's energy security and bilateral relations.
Prime Minister Anwar Ibrahim has urged ASEAN and the Shanghai Cooperation Organisation to merge their capabilities in combating cross-border crime and advancing energy cooperation, citing existing frameworks that remain underutilised.
Prime Minister Anwar Ibrahim and Russian President Vladimir Putin held talks in Kazan focusing on deepening Malaysia-Russia ties through energy cooperation, trade expansion, and settlement in local currencies.
Philippine President Ferdinand Marcos Jr has left for Kazan, Russia, to lead the Asean-Russia Commemorative Summit and hold bilateral talks with President Putin on energy and food security issues.
Prime Minister Anwar Ibrahim has called for substantially deeper engagement between ASEAN and Russia, highlighting untapped potential in energy, technology and defence sectors during his attendance at the ASEAN-Russia Business Forum in Kazan.
Prime Minister Anwar Ibrahim is heading to Russia for discussions on Malaysia's fuel supply and regional cooperation, including meetings between Asean leaders and Russian counterparts.
Thailand's government has expressed optimism about a reported ceasefire between the United States and Iran, viewing it as a potential stabiliser for energy prices and economic growth across the region.