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Finance & Markets

Business : BNM Considers Greater Risk-taking To Support Energy Transition - Governor

KUALA LUMPUR, Sept 29 (Bernama) -- Bank Negara Malaysia (BNM) is considering giving financial institutions more room to take on higher risks responsibly to support the energy transition, Governor Datuk Seri Abdul Rasheed Ghaffour said.

We haven't written up this one. Bernama has the full story — the link below goes straight to it.

Read the original at bernama.com →

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Oil Extends Rally Despite Higher Hormuz Volume Reports

Crude oil prices extended a climb that began on Monday, despite reports that oil flows via the Strait of Hormuz have improved considerably since the start of September.

  • Brent crude at $107.37 per barrel, West Texas Intermediate at $94.31 per barrel
  • 12.8 million barrels of oil flowing out of Hormuz daily, higher than expected
  • Ship-to-ship transfers increasing costs, affecting crude export efficiency

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