Malaysia's Energy Sector Could Benefit From Resilient Brent Price -- Market Talk

Dow Jones

2025/01/17

0206 GMT - Malaysia's oil-and-gas sector is expected to benefit from resilient Brent crude prices, with the 2025 price forecast at $75/bbl, TA Securities analyst Lee Yun Leon says in a note. Geopolitical risks from the Russia-Ukraine war and new U.S. sanctions on Russia's energy sector are likely to support oil prices despite global oil production outpacing demand, he reckons. Selective investments in upstream exploration should favor providers like Pantech Group and Malaysia Marine & Heavy Engineering, he says. TA Securities maintains an overweight rating on the Malaysian oil-and-gas sector. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

January 16, 2025 21:06 ET (02:06 GMT)

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