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Malaysia's MISC reports 63% jump in profit in Q1

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Malaysia's MISC reports 63% jump in profit in Q1

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Natural Gas News
Malaysia's MISC reports 63% jump in profit in Q1

Summary

Going forward, MISC expects prospects in the LNG shipping market to remain promising as demand shows signs of recovery. by: Shardul Sharma

Malaysian ship-owner MISC, a unit of state-run Petronas, on May 24 reported a 63% year/year jump in net profit in t...

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum