19 results for "minyak"
China plays a key role in stabilizing global oil prices by reducing imports, using stockpiles, and electric vehicles, while U.S.-Iran talks to reopen the Strait of Hormuz continue.
Vehicle owners in South Africa will enjoy a significant drop in oil and diesel prices on 1 July, driven by falling international oil prices and the strengthening rand, despite the end of fuel tax relief.
Toyota Tundra, a full-size American-made pickup truck, is now available in Japan at a price of around 12 million yen. Although it has a large size and a 3.4L V6 turbo engine, its maintenance costs are relatively reasonable due to being registered as a commercial vehicle (number 1), with an annual road tax of only 16,000 yen and the use of RON95 fuel.
The critical Iran conflict and global energy supply instability have driven ASEAN and the European Union (EU) to deepen their cooperation on energy and security during the 25th ASEAN-EU Ministerial Meeting in Bandar Seri Begawan. Brunei, as the host and an oil and gas exporting country, faces direct pressure from price volatility and long-term risks to national revenue and people's well-being.
Brunei oil and gas service company VidDaCom will become the first local operator of a 23,000 barrel capacity liquid mud plant (LMP) in the Sungai Liang Industrial Area — a facility that supports upstream oil and gas operations and reduces reliance on imported supplies. Construction is expected to start in a few weeks.
The term 'diesel' has surged in searches in Malaysia after the government announced a full subsidy at a fixed price of RM2.10 per liter for all citizens — the first step in history to open fuel subsidies without any sector or group restrictions. This announcement aims to ease the pressure of living costs due to rising global oil prices, and has triggered a wave of practical questions: how is it implemented, who is eligible, and is it truly automatic at gas stations.
VidDaCom will become the first local oil and gas service provider in Brunei to own and operate its own Liquid Mud Plant (LMP) — a facility with a capacity of 23,000 barrels to supply drilling fluids to the country's upstream operations. Construction is expected to start in a few weeks, marking a strategic leap in the participation of the local sector in the O&G industry.
Anson International Sdn Bhd has started the construction of the first industrial ship at the Pelabuhan Muara (PMB) integrated yard with the Hull 211 project — a crew transfer vessel with a capacity of 80 people for Fast Offshore Services. This initiative marks a strategic move by Brunei in economic diversification beyond oil and gas, while creating job opportunities and strengthening the local maritime industry.
Tensions between Iran and the US have eased, reopening shipping routes in the Arabian Gulf. Two Pertamina ships are ready to pass through the Strait of Hormuz, a critical route for Indonesia's oil exports.
VidDaCom Sdn Bhd will become the first local oil and gas service company in Brunei to own and operate the 23,000 barrel-capacity Mud Processing Plant (MPP). The plant, whose construction is expected to start in a few weeks, will supply drilling fluids to support the country's upstream production through a strategic collaboration with SLB and BSP — a major leap in the involvement of local entrepreneurs in a sector previously dominated by international players.
Iran's economy recorded a surprising 8% growth in 2026, driven by increased oil exports and foreign investment after sanctions were lifted. Analysts call this the largest boom in the country's economic history.
The United States has not guaranteed that Iran will stop collecting tariffs in the Strait of Hormuz after the 60-day transition period ends. This uncertainty threatens Indonesia — which imports 600,000 barrels of crude oil daily through the strait — with rising fuel and LPG prices, inflation, and pressure on consumer purchasing power.
ASEAN and European Union foreign ministers held the 25th Meeting in Bandar Seri Begawan on April 28, 2026 — just as the Iran conflict pushed oil prices to a three-year high. Brunei, which relies on oil and gas for over 90% of its national revenue, emphasized concrete cooperation in energy and supply chain security, not just multilateral rhetoric.
VidDaCom, a local oil and gas services company, will become the owner and operator of Brunei's first liquid mud plant (LMP) — a facility with a capacity of 23,000 barrels that supplies drilling fluid for upstream operations. Construction will begin in a few weeks with the support of SLB and BSP, marking a strategic leap in the ownership of critical assets by local companies.
On June 4, 2026, in Bandar Seri Begawan, Sultan Haji Hassanal Bolkiah announced the largest cabinet reshuffle since 2022 — with the establishment of three new Coordinating Minister positions, the promotion of three women to Deputy Minister roles, and the rebranding of the Ministry of Natural Resources and Tourism into the Ministry of Economy, Trade and Industry. These changes are not just name adjustments, but a direct reflection of the strategic drive of Brunei Vision 2035: accelerating economic transformation, strengthening inter-ministerial governance, and expanding women's leadership roles within the government machinery. It also marks a shift in operations from a traditional sectoral approach to a results-based coordination model — particularly in terms of post-low oil price economic recovery and the development of the local entrepreneurial ecosystem.
Global oil prices spiked sharply on 19 June 2026 after armed conflict reignited in Lebanon and oil transportation through the Strait of Hormuz remained disrupted due to prolonged geopolitical tensions in the Persian Gulf. Brent crude rose **3.2% to USD 87.42 per barrel**, marking a reversal of a three-week consecutive decline. This event not only reflects the fragility of the global energy supply chain but also exposes the deep dependence of Arab countries—including Palestine—on fuel prices governed by regional security dynamics, a reality that further aggravates the economic burden on Palestinians already battered by blockade and energy infrastructure deficits.
Today, a special ceremony was held at Lakefront Park in Chicago to inaugurate the Obama Presidential Center. The event was attended by former presidents, heads of state, and prominent celebrities. The center is expected to become a symbol of pride for the people of Chicago and the United States. With **12.5 million barrels of oil** passing through the Strait of Hormuz, gasoline prices have dropped below **$4** for the first time since the conflict began—signaling renewed hope for the American public. The Obama Presidential Center is also expected to boost the **local economy** and serve as a vital **educational hub**.
Three Saudi super tankers, carrying six million barrels of crude oil, sailed through the Strait of Hormuz several hours after the US-Iran ceasefire agreement — the largest shipment through the strait in several weeks.
An oil refinery in the Moscow area became a target of an Ukrainian attack, worsening the fuel crisis in Russia, while President Zelenskyy seeks international support, including from former US President Donald Trump, to end the conflict.