Keppel Offshore & Marine, one of the world's largest offshore oil rig builders, and Sembcorp Marine have suffered from a prolonged and severe sector downturn

Industry observers say low Malaysian palm oil production might limit its ability to fulfill the potential increased demand from the EU.

India joined other major consumers to release 5 million barrels of oil from its strategic reserves in November to contain inflationary pressures and says it will look a similar move again

After 2024, Petronas said it foresees a positive outlook for drilling rigs activity while continuing to enhance and upgrade capability