Safeguarding oil supplies, managing price volatility take centre stage at Energy Asia forum
Safeguarding oil supplies and managing the volatility of prices were hot topics during the Energy Asia forum in Kuala Lumpur. The Israel-Iran conflict has sent oil prices soaring on the back of concerns that supplies could be choked off. There are worries about the safety, security and even ability to transport oil via a major artery, the Strait of Hormuz. The CEO of Petronas, Malaysia's state-run energy giant, spoke of a polycrisis — volatility triggered by new and protracted geopolitical conflicts, friction over trade and tariffs, along with an energy transition that is still taking shape. Roland Lim reports.
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