The oil production in Malaysia is projected to decline steadily from 2024 to 2028. Starting at 547.0 thousand barrels per day in 2024, it is expected to decrease by approximately 1.74% in 2025, down to 537.51 thousand barrels per day. This downward trend continues with a 1.71% drop in 2026 to 528.33 thousand barrels per day, a 1.68% fall in 2027 to 519.46 thousand barrels per day, and a 1.71% decrease in 2028 to 510.88 thousand barrels per day.
Looking back over the past five years, the Compound Annual Growth Rate (CAGR) reflects an average yearly decline, indicative of a long-term decreasing trend in Malaysia's oil production.
Future trends to watch for in Malaysia's oil production include potential impacts from technological advancements in extraction, government policies regarding energy, and global oil price fluctuations. Additionally, efforts towards sustainability and a shift towards renewable energy sources could further influence production levels.
