0208 GMT - The outlook for the Malaysian oil and gas sector looks neutral as global oil inventories rise, likely keeping Brent prices under pressure, TA Securities analyst Lee Yun Leon says in a note. While OPEC+ output restraint and China's strategic stockpiling may support prices, developments in Venezuela are likely to generate only short-lived volatility with little near-term impact on global supply and demand, he says. Overall, Lee maintains a cautious view on oil prices as the market remains oversupplied and prices are expected to trade in a rangebound manner. He keeps his average Brent crude oil forecast at $55/bbl for 2026. TA Securities maintains a neutral rating on the Malaysian oil and gas sector, favoring Coastal Contracts and MISC. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 21:08 ET (02:08 GMT)
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