0226 GMT - Malaysia's oil-and-gas sector could face downward pressure as Brent is projected to stay at $65/bbl-$70/bbl through 1H 2026, weighed by oversupply from OPEC+ and non-OPEC output growth, MBSB Research says in a note. While upstream and downstream players remain vulnerable to weaker crude and delayed petrochemical recovery, midstream players should be resilient, benefiting from long-term contracts and rising demand for storage and liquefied natural gas, particularly from Asia's power-intensive data centers. MBSB maintains a neutral rating on the sector, pegging MISC and Dialog as top picks for a diversified portfolio and stable midstream earnings, respectively. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
September 23, 2025 22:26 ET (02:26 GMT)
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