Global energy market expected to start stabilising in 3Q — economy minister

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The Malaysian Economy Minister Akmal Nasrullah Mohd Nasir announced expectations for global energy markets to stabilize in the third quarter, although ongoing geopolitical risks persist. Brent crude prices have moderated to levels prior to the West Asia conflict, yet uncertainties remain.

The Malaysian government expects global energy markets to start stabilising in the third quarter this year but remains subject to geopolitical developments, according to Economy Minister Akmal Nasrullah Mohd Nasir. Benchmark Brent crude oil has moderated to pre-West Asia conflict levels but risks have yet to fully subside, Akmal Nasrullah said in his briefing to ...