KUALA LUMPUR, May 26 — Petroliam Nasional Berhad (Petronas) has assured the government that Malaysia’s oil supply stock remains sufficient until July 2026.
Despite ongoing tensions in West Asia and uncertainty involving the Strait of Hormuz. Economy Minister Akmal Nasrullah Mohd Nasir said the government is continuing to monitor global developments.
Closely as energy prices remain elevated. He said Brent crude oil averaged US$111.67 per barrel between May 18 and 22.
While LNG prices also increased due to regional demand concerns. Despite rising fuel and shipping costs, Malaysia’s electricity supply and port operations remain stable.
However, the aviation sector has experienced pressure following cancellations involving West Asian routes.
