Malaysia Oil and Gas Sector Could See Higher Capex in 2027 -- Market Talk

Dow Jones10:23

0223 GMT - Malaysia's oil and gas sector could see higher capital expenditure in 2027, driven by rising domestic energy demand, concerns about economic security and firmer oil prices amid the Middle East conflict, Maybank Investment Bank analyst Jeremie Yap says in a note. He expects the state-owned oil company, Petronas, and related players will increase capital spending after a weak 2025-2026 period. Industry checks suggest that many domestic exploration and development projects could move forward so long as Brent crude remains above $70 a barrel in the medium term, he says. Maybank upgrades its rating on Malaysia's oil and gas sector to positive from neutral, naming Keyfield International and Perdana Petroleum as its top sector picks. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 22:23 ET (02:23 GMT)

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