PMX: Govt Won't Raise RON95 Price Even If There's a Sharp Increase in Global Crude Oil Prices - WORLD OF BUZZ

Malaysia’s Anwar flip-flops on petrol subsidy cuts: ‘no means yes’?

Malaysians have taken to social media to question the prime minister’s shifting positions on the planned cuts.

PMX: Govt Won't Raise RON95 Price Even If There's a Sharp Increase in Global Crude Oil Prices - WORLD OF BUZZ

Prime Minister Datuk Seri Anwar Ibrahim has assured Malaysians that there won’t be an increase in RON95 petrol price in the country even if there is a sharp increase in global crude oil prices due to geopolitical tensions involving Iran and Israel. Anwar was quoted by BERNAMA as saying that while a price increase would benefit the national petroleum company Petronas, the Government won’t burden the rakyat with higher fuel costs.   The Prime Mini…

Goldman Sachs: Geopolitical Risk Could Add $10 to Oil Prices

Goldman Sachs estimates a $10 geopolitical premium to Brent crude, driven by Middle Eastern tensions and potential Iranian supply disruptions.

Government will not raise the price of RON95 petrol despite recent surge in global oil prices

Prime minister Datuk Seri Anwar Ibrahim said the government will maintain the price of RON 95 petrol at its existing capped level despite a surge in global crude oil prices as a result of the geopolitical tensions involving Iran and Israel. He reassured the public that the price of RON 95, which has remained at a fixed RM2.05 per litre since February 2021, would not be increased, because doing so would impact the public as well as the economy, B…

Geopolitical Premium Keeps Oil Elevated

Oil prices edged up after the White House signaled no immediate US strike on Iran.

Goldman estimates geopolitical risk premium of around $10 per barrel for Brent after prices rise – Oil & Gas 360

(BOE Report) – Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs estimates a geopolitical risk premium of around $10 per barrel, the bank said in a note on Wednesday. While its base case is that Brent declines to around $60/bbl in Q4 assuming no supply disruptions, Goldman said the $10/bbl premium appears justified in light of its lower Iran supply scenario where Brent spikes just above $90, and tail scenarios where broad reg