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Bursa ends morning session lower

Bursa Malaysia ended the morning trading session lower on a lack of catalysts on Monday (Feb 20). At lunch break, the benchmark FBM KLCI had slipped 5.32 points to 1,471.58 from last Friday’s closing at 1,476.90. ....

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Ranhill Utilities to undertake scope of works in PetChem project

KUALA LUMPUR (July 19): Water supply company Ranhill Utilities Bhd announced that its subsidiary Ranhill Worley Sdn Bhd (RWSB) will be undertaking the scope of works for its related company in a Maleic Anhydride (MAn) refiner and briquetting plant project by Petronas Chemical Group Bhd (PetChem). ....

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KDEB Waste Management signs MoU with Petronas Chemical Group for the supply of plastic waste

SHAH ALAM: KDEB Waste Management (KDEBWM) signed a Memorandum of Understanding (MoU) with Petronas Chemical Group Bhd (PCG) in a virtual ceremony for the supply of plastic waste and evaluation of potential collaboration to build waste segregation facilities in Malaysia. ....

Shah Alam , Ramli Mohd Tahir , Mohd Yusri Mohamed Yusof , Petronas Chemical Group Bhd , Mohd Yusri Mohamed ,

Oil gushes to US$70 a barrel


BIMB Securities Research O&G analyst Azim Faris Ab Rahim said that local activity will pick up in 2022, regardless of the price of oil. He believed the lack of investment from 2015 to 2020 will translate into more projects maturing within the next few years.
PETALING JAYA: The unstoppable streak of the oil price rally may seem like the end of the tunnel is near for the oil and gas (O&G) sector.
But amid the optimism that the market is pricing in, experts that are monitoring the sector closely believe that it is not yet all rosy.
Forecasting thunderstorms ahead, analysts and economists believe Brent crude oil has run ahead of its fundamentals as it surged above US$70 per barrel, saying that current prices are unsustainable. ....

Ash Sharqiyah , Saudi Arabia , United States , Malaysia General , Ar Riya , Ras Tanura , Steven Chan , Jin Wu , Shan Saeed , Securities Research , Organisation Of The Petroleum Exporting Countries , Kenanga Research , Sapura Energy Bhd , Kl Energy Index , Energy Ministry , Petronas Chemical Group Bhd , Saudi Aramco , Energy Information Administration , International Energy Agency , Group Bhd , Hong Leong Investment Bank Research , West Texas Intermediate , Paris Based International Energy Agency , Azim Faris Ab Rahim , Petroleum Exporting Countries , United State ,