Brent$88.29(≈RM355)▼ -1.24%WTI$83.44(≈RM336)▲ +0.32%Nat Gas$2.89(≈RM12)▲ +0.70%Bunker$784.50(≈RM3,158)▲ +1.82%Tapis$86.75(≈RM349)—JKM LNG$23.17(≈RM93)▼ -1.03%MGO$1146.00(≈RM4,614)▲ +1.46%EU Carbon€82.42(≈RM386)—TTF Gas€68.80(≈RM323)▲ +2.34%Diesel$4.34(≈RM17)—Coal$131.19(≈RM528)▼ -0.24%USD/MYR4.0260—US Rigs551▲ +7 M/MRON95RM3.82(≈US$0.95)▲ +1.33% W/WRON97RM4.30(≈US$1.07)▲ +1.18% W/WDieselRM4.72(≈US$1.17)▲ +1.07% W/W
10:46 MYT
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How Physical Crude Oil Trading Works in Southeast Asia

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Oil tanker sailing out to sea

Physical crude oil trading in Southeast Asia links producers in Malaysia, Indonesia, Vietnam, and Brunei to refiners across the region through a precise chain of contracts, vessel nominations, pricing formulas, documentation, and settlement. This guide breaks down every stage of that chain, from laycan to letter of credit, for operators, traders, and refiners navigating these deals.

EU Unleashes Sanctions Package 16: Russia Feels the Pinch

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Russia flag

Approved by EU envoys on February 19, 2025 and formally adopted by foreign ministers shortly after, the European Union’s 16th Russia sanctions package extends restrictions across maritime trade, banking, aluminium, manufacturing inputs, and media. For shipping operators, port authorities, and commodity traders, the measures carry direct operational implications.