Kenanga Investment Bank BerhadPetron Malaysia Refining MARKET PERFORM Kenanga
Listing Market Main Market Shariah Compliant Yes Shares Outstanding 270.0 Market Cap (RM m) 1,193.4 Par value per share (RM) N.A. 52-week range (H) 5.23 52-week range (L) 4.30 Free
2 days agoGlobal oil demand growth is set to average 650,000 bpd for the remainder of 2025 , falling from just short of one million bpd in the first quarter as trade uncertainty weighs on the
U.S. Energy Information Administration (EIA)Outlook on global refining to 2028 U.S. Energy
product output, and their meaning for global crude oil and refined product trade. The bulk of planned growth in refined product output is in the Asia-Pacific (mostly China and India) and the Middle
The global oil price correction, which began in the second half of 2022 following the record-high price surge in the second quarter last year due to geopolitical conflicts, persisted in
theedgemalaysiaPetron Malaysia's 3Q net profit down 94% on lower sales
"The bearish crude oil market was aggravated by the continued contraction in regional refining cracks," said Petron. For the cumulative nine-month period (9MFY2025 ),
Based on our Global Energy Perspective reference-case demand insights, current OPEC+ intervention will be sufficient to help balance the market in 2021, with prices remaining at
Petron MalaysiaPetron Posts Higher Q2 Revenues Amid Challenging Market
PETRON POSTS HIGHER Q2 REVENUES AMID CHALLENGING MARKET KUALA LUMPUR Petron Malaysia Refining & Marketing Bhd (PMRMB) reported RM4.3 billion in
The tide turned for construction group Eversendai Corp Bhd (KL:SENDAI) as its shares soared 248.48% this year, starting to jump in March after the company announced that it
U.S. Energy Information Administration (EIA)Low tanker rates are enabling more long-distance
On a global scale, demand for tankers is influenced by differences in supply and demand conditions across regional markets. Tankers of different sizes and classes have specific characteristics that help
The data are obtained from the International Financial Statistics (IFS) Database of the IMF and are available through the various central banks and include the percentage change in
USDA Foreign Agricultural ServiceForeign Agricultural Service GAIN Report
Oct 26, 1998Some companies, while not refining oil, carry out bottling operations. Food Products Company is an example; the company imports olive oil in bulk from Spain and repacking in glass
Global refining capacity is expected to increase by nearly three million barrels per day (bpd) by the end of next year when at least nine refinery projects are expected to start up in the
Petron MalaysiaPetron Posts Higher Q2 Revenues Amid Challenging Market
PETRON POSTS HIGHER Q2 REVENUES AMID CHALLENGING MARKET KUALA LUMPUR Petron Malaysia Refining & Marketing Bhd (PMRMB) reported RM4.3 billion in
China's independent refineries sourced their biggest crude volumes from Malaysia for the second year in a row in 2022, pushing Russia to take the second spot, despite plentiful
FTUnited Plantations Bhd, UTDPLT:KLS profile FT
The palm oil refining segment, which carries on the business of palm oil processing, manufacturing of edible oils, fats, cocoa butter substitutes and trading in crude palm oil and palm
APPEC: Asia committed to refining expansion, but with a pro-petrochemicals tilt. APPEC: Asia committed to refining expansion, but with a pro-petrochemicals tilt S&P Global Market
- How much oil will Malaysia produce in 2024?
- Malaysia’s oil and natural gas production is expected to peak at 2 million barrels of oil equivalent per day (BOE/d) in 2024, according to national oil company Petronas. 2 This would be an increase of just over 200,000 BOE/d from the 1.79 million BOE/d produced in 2023. 3
- How did Petron Malaysia refining & marketing BD perform in Q2?
- KUALA LUMPUR – Petron Malaysia Refining & Marketing Bhd (PMRMB) reported RM4.3 billion in revenues in the second quarter, up 6% from last year partly driven by a 5% increase in domestic sales volume and higher prices. The increase in domestic sales was fueled by Petron’s sustained growth in the retail and aviation sectors.
- Will Petronas build a biorefinery in Malaysia?
- Malaysia’s national oil company Pertonas, with Enilive and Euglena, will build Petronas’s first biorefinery. The biorefinery, which will be located at the Pengerang Integrated Complex, will produce 12,500 barrels per day (b/d) of sustainable aviation fuel and biodiesel.
- Why did Malaysia's feedstock imports rise in 2022?
- Flows from Malaysia accounted for 26.8% of total feedstock imports into China's independent sector in 2022, jumping from 16.1% a year earlier. Contributing to that rise was the independent refiners' strong appetite for Mal Blend, a kind of blended crude from Malaysia, inflows of which skyrocketed 813.6% year on year to 16.48 million mt.
- Why are refiners adding capacity in Asia & the Middle East?
- Countries in Asia and the Middle East face growing incomes and middle classes, which will increase consumption of consumer goods and transportation fuels within the next 10 years. As a result of these trends, refiners are adding capacity through at least 2028 to satisfy expected demand growth to 2050.
- Which country imports the most petroleum products in 2023?
- Asia was the source for 58% of all petroleum product imports. 39 Fuel oil (28%) accounted for the largest share of petroleum product imports in 2023, followed by diesel (25%) and gasoline (20%). 40 Malaysia also exported 1.3 million b/d of petroleum products in 2023, a 7% increase from the previous year.
