KUALA LUMPUR, June 8 (Xinhua) -- Malaysia reaffirmed its commitment to global energy stability and strategic cooperation as oil-producing nations continue to navigate geopolitical uncertainty, supply risks and a changing global energy landscape at a meeting of the Organization of the Petroleum Exporting Countries (OPEC), the Economy Ministry said on Monday.

Malaysia also reaffirmed its continued alignment with the Charter of Cooperation (CoC), which builds on the Declaration of Cooperation (DoC) established in 2016, the Economy Ministry said in a statement following the 41st OPEC and Non-OPEC Ministerial Meeting (ONOMM).

A key focus of the meeting was the assessment of Maximum Sustainable Capacity (MSC) among participating countries, and Malaysia views the MSC framework as an important mechanism to strengthen market transparency, improve production baseline assessments, and support more predictable supply planning in the years ahead, it said.

"Malaysia will continue to work closely with member countries to deepen cooperation in energy, trade and investment. Malaysia also remains committed to complying with its assigned production target for 2026, while continuing constructive engagement to ensure that any future baseline revisions under the MSC framework remain fair, realistic and reflective of participating countries' production outlook beyond 2026," it said.

The hybrid ministerial meeting brought together OPEC and non-OPEC participating countries to deliberate on key matters affecting global oil market stability and long-term supply security, with Economy Minister Akmal Nasrullah Mohd Nasir participating virtually.