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 i
Also in this section
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
