CGS-CIMB Research said Malaysia was in a “more advantageous” position as a net oil and gas exporter. “Globally, an extended oil price shock represents a windfall for producers and a tax on consumers.
PETALING JAYA: The surge in the global crude oil prices is a boon for Malaysia’s revenue and the ringgit’s performance.
This has also raised interest in local oil and gas stocks, as evidenced by the increase in Bursa Malaysia’s Energy index.
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