Malaysia Says Crude Oil Supplies Stay Stable in H1 2026 as Industry Shifts Supply Chains
Updated
Updated · mediaselangor.com · Jul 8
Malaysia Says Crude Oil Supplies Stay Stable in H1 2026 as Industry Shifts Supply Chains
3 articles · Updated · mediaselangor.com · Jul 8
Summary
Malaysia's Economy Ministry said crude oil supplies for industrial production, including resin manufacturing, remain stable despite global plastic raw-material disruptions in the first half of 2026.
In a written reply to a Kuala Terengganu lawmaker, the ministry said manufacturers are adjusting operations to absorb higher costs while it monitors the global supply crisis to prevent price and supply shocks from hitting downstream plants.
The government said mitigation efforts already under way include diversifying supply sources and trading partners, strengthening local value chains, and promoting alternative materials, digitalisation and tighter supply-chain management.
Malaysia said the broader manufacturing sector remains resilient, supported by domestic demand and proactive policy measures even as it seeks to cut reliance on unstable external supply chains.