Related Articles
Forward article link
Share PDF with colleagues

Malaysia committed, Brunei could waver

Both have pledged to the cuts, but falling public service subsidies could make Brunei jump ship

Non-Opec members Malaysia and Brunei appear to be sticking to commitments made to reduce production from 1 January. But if no appreciable gains are made in crude prices in the next six months, expect at least one of them to start wavering. In Brunei, the Energy and Industry Department at the Prime Minister's Office confirmed that it has voluntarily adjusted crude oil production from 1 January 2017 for an initial six months. No information was provided on the volume but it is expected to be around 4,000 barrels a day, compared with production of 200,000 b/d last year. Brunei's problem is that oil exports are one of the country's sole sources of revenue and subsidise a host of domestic needs

Also in this section
Energy demand stayed low in 2016, as the fuel mix shifted towards cleaner energy sources
20 June 2017
China and India accounted for almost all the growth, says BP, and global emissions were flat for the second year in a row
The global oil-demand growth forecast for 2017 depends on a bumper Q4
15 June 2017
Either Q1-Q4 crude consumption will rise at its fastest pace since 2010, or the data are very wrong
The blockchain technology challenging the energy world
8 June 2017
As companies queue up to lend their financial support, the rise of this new innovation is unstoppable