Oil Supply Remain Stable Until May, Says Anwar

Why It Matters

A stable short-term oil supply eases near-term energy and fiscal pressures for Malaysia, but the emphasis on diversified investment and contingency planning signals government intent to protect energy security and revenue streams amid regional volatility. Sustained action will affect Petronas’s investment strategy, public finances and domestic energy availability.

Summary

Prime Minister Anwar Ibrahim said Malaysia’s oil supply is expected to remain stable through May, though the government is exploring additional measures to secure longer-term stability. He highlighted Petronas’s diversified investments across the Gulf, Brazil, Suriname and Canada as part of efforts to generate returns and meet domestic energy needs. Anwar framed the outlook as relatively favorable compared with regional crises and urged policymakers to prioritize citizens’ welfare over political distractions. He indicated ongoing steps to shore up returns and local supply beyond the short-term horizon.

Original Description

Prime Minister Datuk Seri Anwar Ibrahim assured that oil supply will remain stable until May as previously announced, with sufficient supply to meet domestic demand.

He said this to the media after performing Friday prayers at the Bukit Jelutong mosque in Shah Alam on March 27.

WATCH MORE: https://thestartv.com/c/news

SUBSCRIBE: https://cutt.ly/TheStar

LIKE: https://fb.com/TheStarOnline