Earnings in line with O&G peers

Tengku Muhammad Taufik said that despite near-term challenges, the group would continue to focus on future-proofing the organisation for the long term.

PETALING JAYA: Petroliam Nasional Bhd (PETRONAS), which is maintaining a guarded outlook for the rest of the year, expects to face a bearish energy market on the back of slowing global economic activity.

The cautious perspective is underpinned by the anticipation that energy prices would remain volatile, influenced by persistent economic hurdles and worldwide energy security concerns.