Crude oil and condensate production totalled 41.8 million barrels in 3Q24

Brent crude settled at US$76.15 a barrel, losing US$1.02, or US1.3%, while WTI crude settled at US$71.46 a barrel, shedding 55 cents, or 0.8%. — Reuters

KUALA LUMPUR: The production of crude oil and condensate totalled 41.8 million barrels in the third quarter of 2024 (3Q 2024), declining by 8.9 per cent compared to the previous year, the Department of Statistics Malaysia (DOSM) reported.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed this drop to a sharp 14.2 per cent decrease in crude oil production.