What is the trend in crude oil production despite mining growth?

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Crude Oil Production Sees Decline Amidst Overall Mining Sector Expansion

Despite a significant surge in the overall mining sector's production, crude oil and condensate output in Malaysia experienced a downturn in May 2026. This decline contrasts with the substantial 19.8 per cent year-on-year growth recorded in the broader mining sector for the same period. The specific figures reveal a 0.7 per cent fall in crude oil and condensate production during May 2026, following a more pronounced decrease of 6.4 per cent in April 2026.
Declining Output in Crude Oil and Condensate

The trend for crude oil and condensate production indicates a negative trajectory in May 2026, with output falling by 0.7 per cent compared to the previous year. This follows a more substantial contraction of 6.4 per cent observed in April 2026, suggesting a sustained period of reduced production in this specific sub-sector of mining.
Robust Growth in the Wider Mining Sector

In contrast to the decline in crude oil, the overall mining sector demonstrated considerable strength, with its production climbing by 19.8 per cent in May 2026. This impressive expansion was largely propelled by a significant increase in natural gas output, which accelerated by 37.4 per cent in May 2026, a notable jump from the 16.6 per cent growth seen in April.
Manufacturing and Electricity Sectors Also Showed Growth

The broader Malaysian Industrial Production Index (IPI) sustained positive momentum in May 2026, with an overall year-on-year increase of 8.4 per cent. This growth was underpinned by positive contributions from other key sectors, including manufacturing, which rose by 6.6 per cent, and the electricity sector, which grew by 4.2 per cent. These combined sectoral performances indicate a generally positive industrial landscape, notwithstanding the specific challenges within crude oil extraction.

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What is the trend in crude oil production despite mining growth?

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