Energy Sector Affected by Oil Price Volatility, PETRONAS Chemicals Down 0.8%

March 20, 2026

Sector Analysis

Bloomberg

The energy sector showed weakness today, impacted by volatility in international oil prices. PETRONAS Chemicals fell 0.8% to RM6.70 as investors remained cautious about commodity price movements.

Malaysia's energy sector underperformed today, influenced by volatility in international crude oil prices. Benchmark Brent crude futures saw a dip during Asian trading hours, putting pressure on local energy stocks. PETRONAS Chemicals (PCHEM) saw its shares decline by 0.8%, closing at RM6.70, making it one of the biggest decliners in the sector. Investors are expressing concerns over potential impacts on crude demand from a slowing global economic growth. Despite this, some analysts believe that oil prices still have upside potential in the long run as the global economy recovers, but short-term volatility may persist. Other oil and gas related stocks like Sapura Energy also faced selling pressure.

View Source: Bloomberg

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