Dateline 2025-09-30, The Edge Malaysia:
KUALA LUMPUR (Sept 30): Malaysian oil-and-gas (O&G) stocks are poised for positive performance, bolstered largely by China’s robust import activity as it builds its strategic petroleum reserves, said CGS International.
The house reiterated its overweight rating on the sector, citing sustained strength in oil prices, which have remained resilient despite increased Opec+ production, as a key factor.
“Despite higher Opec+ production quotas, oil prices have remained supported at the high-60s US$/bbl ( per barrel) levels, because China has been the balancing factor absorbing the excess supplies by importing to top up its strategic oil reserves…,” it said in a note on Tuesday.
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Wata - Malaysian Oil and Gas Engineer 