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Petron Malaysia records RM183.48mil net profit as demand for fuel recovers

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd saw its net profit for the second quarter jump more than four-fold to RM183.48 million from RM42.01 million posted in the same quarter last year as demand for fuel recovered with the removal of restrictions on travel and business activities.
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Crude oil markets' roaring frenzy wanes amid weakening fundamentals

AFTER riding a bullish wave which lifted Dated Brent to US$137.64/barrel on March 8, international crude oil prices, while highly volatile, succumbed to recessionary fears and mounting inflationary pressures, amplified by the surge in global food prices, sparking macroeconomic growth concerns globally.
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