Malaysia has thrown its support behind OPEC+ efforts to strengthen oil market stability, backing a key framework designed to improve production planning and market transparency as energy producers navigate a volatile global environment.
Speaking at the 41st OPEC and Non-OPEC Ministerial Meeting (ONOMM), Economy Minister Akmal Nasrullah Mohd Nasir reaffirmed Malaysia’s commitment to collective measures aimed at ensuring stable and secure energy supplies.
A major focus of the meeting was the assessment of Maximum Sustainable Capacity (MSC), a framework used to evaluate participating countries’ long-term production capabilities.
The minister said the mechanism would help improve production baseline assessments, enhance market transparency and support more predictable supply planning, all of which are critical to maintaining stability in global oil markets.
The meeting, convened by the OPEC Secretariat in Vienna and attended virtually by the Malaysian delegation, brought together OPEC and non-OPEC producers to discuss challenges ranging from geopolitical tensions and supply risks to the evolving global energy transition.
Malaysia also reaffirmed its support for the Charter of Cooperation (CoC), the broader framework that guides collaboration among OPEC+ members. Building on the Declaration of Cooperation introduced in 2016, the CoC expands engagement beyond market management to include technology development, emissions reduction and energy transition initiatives.
As both an oil-producing nation and a net energy importer, Akmal Nasrullah said stable energy markets remain essential for supporting domestic production, investment planning and long-term energy security.
Looking ahead, he emphasised that Malaysia will continue working closely with OPEC+ partners while complying with its assigned 2026 production target.
He added that any future revisions to production baselines under the MSC framework should be fair, realistic and reflective of participating countries’ production outlook beyond 2026.
