PublicInvest: Venezuela tensions unlikely to affect Malaysia’s O&G, “Neutral” maintained


Dateline 2026-01-07, New Straits Times:

KUALA LUMPUR: Public Investment Bank Bhd (PublicInvest) has reiterated its “Neutral” stance on Malaysia’s oil and gas (O&G) sector and maintained its Brent crude forecast at an average of US$60 per barrel for 2026, despite ongoing geopolitical tensions involving Venezuela.

The investment bank said developments in Venezuela are largely “sentiment noise” and not a fundamental driver for Malaysian producers and service providers. It added that President Donald Trump’s renewed pledge to boost US crude output is also expected to have minimal impact on local O&G players.

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