CME Group Inc is shelving plans to launch a round-the-clock oil contract following industry pushback.

CME shelves plans for 24/7 oil contract amid industry qualms

President Donald Trump said he won’t ban US diesel exports, after Group of Seven nations and their partners agreed to release some of their emergency fuel stockpiles in a bid to bring down soaring prices.

Trump says US to hold off on diesel export ban after G7 release

Group of Seven countries agreed on Friday on the release 100 million barrels of diesel and crude oil from emergency reserves in a move cheered by US President Donald Trump as he seeks help to cool off surging fuel prices linked to the Iran war.

G7 countries agree on release of diesel and oil stocks after US pressure

Oil prices fell more than 2% and European gasoil futures dropped about 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.

Oil down over 2% on talks over diesel, crude stock releases

An Opec+ review to help to determine members’ 2027 oil output quotas has been delayed after the US-Israeli war on Iran disrupted projects to expand capacity across the Middle East, throwing estimates of future production potential into uncertainty, said two sources close to the matter.

Opec+ delays oil capacity review after Iran war disrupts expansion plans — Reuters

(Oct 2): Governments around the world are running out of room to shield consumers from higher energy prices resulting from the Iran war and other crises, with fuel subsidies potentially costing more than US$1 trillion this year, a United Nations study found.

Fuel subsidies may top US$1 tril as Iran war drags, UN says

Petroliam Nasional Bhd’s (PETRONAS) capital allocation could come under pressure if the government seeks larger dividend contributions from the state-owned oil firm to offset higher fuel subsidy costs, according to BIMB Securities.

Larger PETRONAS dividend may weigh on long-term capital allocation — BIMB Securities

Asia's gasoline margin rose to a record high on Thursday as various outages at regional refineries and reports that Chinese refiners have halted fuel exports for October tightened the supply outlook, traders said.

Asia's gasoline margin skyrockets on outages, China export halt, traders say

The Trump administration has told Germany and France to draw down emergency diesel inventories to help to ease global fuel prices or face a potential US diesel export ban, said three people close to the discussions.

US tells France and Germany to release diesel stocks or face export ban — Reuters

Oil prices rose around 2% on Thursday after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally, while investors continued to assess renewed diplomatic efforts to end the US-Iran war.

Oil prices rise 2% as China suspends fuel exports 

Petroleum Sarawak Bhd (Petros) has partnered Norway-based maritime energy infrastructure group Höegh Evi to jointly develop Sarawak’s first liquefied natural gas (LNG) regasification facility in Kuching, with first gas targeted by end-2029.

Petros, Höegh Evi tie up to develop Sarawak’s first LNG regasification terminal in Kuching

A Federal Court judge has decided that only a full bench can decide on a preliminary issue raised by the Sarawak government in the dispute with PETRONAS over who has control over the oil in the state.

PETRONAS to submit first in Sarawak oil rights dispute, but only full FC bench can decide on preliminary issues hearing

PETRONAS said on Thursday the Songkhla export pipeline has been shut down temporarily after finding an issue during a routine inspection.

PETRONAS shuts down Songkhla pipeline temporarily

Moody’s Ratings has assigned a first-time A3 issuer rating to PETRONAS International Corporation Ltd (PICL), with a stable outlook, citing its strategic importance to parent Petroliam Nasional Bhd (PETRONAS).

PETRONAS’ international arm gets first 'A3' rating from Moody’s

Malaysia welcomes investment from Bahrain and is ready to expand cooperation in various fields, Prime Minister Datuk Seri Anwar Ibrahim said.

Malaysia welcomes Bahrain investment, seeks to expand cooperation

Prime Minister Datuk Seri Anwar Ibrahim on Saturday attended the Formula One (F1) Gulf Air Bahrain Grand Prix qualifying session at the Sepang International Circuit (SIC), where he also inspected preparations and the overall running of the race.

Anwar visits Sepang International Circuit for pit tour, welcome dinner

A Malaysian pilot held in Jakarta over a drug-smuggling case will stay in custody for another 30 days under a court order, after his initial 60-day detention lapsed.

Detention of pilot in Jakarta extended another 30 days — police

Four areas in Johor and Sarawak recorded air pollutant index (API) readings at unhealthy levels as of 6pm on Saturday.

Haze: Four areas in Johor, Sarawak record unhealthy air pollutant index readings as of 6pm

India’s markets regulator is considering easing position limits for non-agricultural commodity derivatives and changing settlement rules for some farm contracts, as it seeks to deepen trading and attract more genuine hedgers.

India mulls commodity derivatives changes to boost liquidity

The co-pilot of flydubai flight FZ1073, which was bound for Israel, attempted to carry out a "terrorist attack" during the flight, the United Arab Emirates prosecutor general said on Saturday, according to the state news agency WAM.

Flydubai co-pilot attacked pilot with axe in attempted 'terrorist attack', UAE says

Prime Minister Datuk Seri Anwar Ibrahim has hinted that the government will announce a special allocation for youth in Budget 2027, which will be tabled on Oct 9.

Anwar hints at special allocation for youth in Budget 2027

Pakatan Harapan (PH) is expected to announce its candidates for the Melaka state election within the next one or two weeks, says PH election director Datuk Seri Amirudin Shari.

Melaka polls: PH to announce candidates in one or two weeks, says Amirudin

German Chancellor Friedrich Merz is set to meet both of the frontrunners to succeed European Central Bank President Christine Lagarde, people familiar with the matter said.

Merz will meet frontrunners for Lagarde job as ECB race heats up — Bloomberg

Barisan Nasional (BN) is open to discussions on the form of cooperation with any political party for the Melaka state election, including anyone interested in using the coalition’s logo, said Umno vice-president Datuk Seri Mohamed Khaled Nordin.

BN open to cooperation talks, use of coalition logo in Melaka polls, says Mohamed Khaled