Higher oil prices could boost Malaysia upstream earnings, capex: CIMB
CIMB analyst Muhammad Afif Bin Zulkaplly says a 1H 2027 $80/bbl oil-price forecast could support Petronas earnings and potentially lift Malaysia domestic offshore capex. Sustained prices may improve upstream project economics.
Elevated oil prices, with a 1H 2027 forecast of $80/bbl, should support Petronas' earnings and potentially lift domestic offshore capital expenditure, CIMB Securities analyst Muhammad Afif Bin Zulkaplly says in a note.
Sustained prices could improve upstream project economics, encourage higher deve…