Bright prospect for energy stocks

Maybank IB Research said PETRONAS’ new report pointed to a “more confident” outlook, especially for four sub-segments.

PETALING JAYA: Petroliam Nasional Bhd’s (PETRONAS) new outlook report for the next three years has provided some excitement to domestic energy stocks.

Often regarded as the medium-term guidance for the oil and gas (O&G) sector, the PETRONAS Activity Outlook (PAO) 2024-2026 report projected an increase in upstream activities.