Tag Archives: crude

Kuala Lumpur, Malaysia – Petroliam Nasional Bhd (Petronas), Malaysia’s national oil and gas corporation, has successfully received a critical shipment of one million barrels of Basrah crude oil from Iraq. The vital cargo, transported by the tanker Ocean Thunder, arrived in Malaysia on Saturday, April 18, marking a significant stride in the nation’s ongoing efforts to bolster its domestic fuel …

Indonesia’s benchmark crude oil price (ICP) surged dramatically in March 2026, reaching an average of US$102.26 per barrel, marking a substantial increase of US$33.47 per barrel from the previous month’s figure of US$68.79 per barrel. This sharp escalation, officially decreed by the Minister of Energy and Mineral Resources Republic of Indonesia through Decision No. 149.K/MG.03/MEM.M/2026 concerning the Indonesian Crude Price …