Kuala Lumpur, 16 June 2026 – Malaysia’s oil and gas sector is entering a two-stage recovery, with elevated crude prices expected to support near-term earnings before a gradual rebound in project flows from 2027 onward.

According to AmInvestment Bank Bhd, the first stage of the recovery is being driven by stronger oil prices, which are improving earnings visibility for selected upstream and energy-linked companies. The second stage is expected to come later, as Petroliam Nasional Bhd rebuilds capital expenditure and gradually restores activity across the oil and gas services ecosystem.

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Author

Abigail Cheong
I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.