SAUDI ARABIA – Global benchmark Brent crude fell to USD 98.30-USD 98.75 per barrel, marking the sixth consecutive losing session. The price decline followed Saudi Arabia’s efforts to fully restore operations along its 7-million-barrel-per-day East-West bypass pipeline to Yanbu port, as well as lowering market uncertainty caused by ongoing diplomatic talks over maritime access through the Strait of Hormuz. For Malaysian manufacturing and industrial operators, the ongoing international energy market fluctuations highlight the strategic value of switching to price-stabilized, locally re-refined alternatives, such as Re-Refined Base Oil (RRBO), to protect operational margins from unpredictable foreign crude surcharges.
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(Source: The Star)
