Malaysia's energy sector underperformed today, as volatile international oil prices and concerns over slowing global economic growth dampened investor sentiment. Shares of oil and gas service companies generally declined, reflecting cautious outlooks for the industry.
KUALA LUMPUR, March 5, 2026 – The energy sector on Bursa Malaysia was among the worst performers today, with the FBM Energy Index declining by 1.2%. Persistent volatility in international crude oil prices, coupled with concerns over slowing global economic growth potentially impacting oil demand, put pressure on the sector. Brent crude oil prices hovered around US$82 per barrel, failing to provide clear direction. Major oil and gas service companies such as Yinson Holdings Bhd saw a decline of 1.5%, while Velesto Energy Bhd also fell by 1.8%. Analysts noted that while the long-term demand outlook remains positive, short-term price uncertainties have led investors to adopt a wait-and-see approach. Investors are closely monitoring OPEC+ production policies and the pace of recovery in major global economies for clear catalysts for the sector.
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