BlackRock Takes Diverging Stance on MEDC and PGAS Amid Global Oil Supply Uncertainty
BlackRock’s contrasting positions on shares of oil and gas firms PT Medco Energi Internasional Tbk. (MEDC) and PT Perusahaan Gas Negara Tbk. (PGAS).
(Bisnis.Com) 01/01/70 07:00 18022
Bisnis.com, JAKARTA — BlackRock Inc., the world’s largest asset manager, was observed trimming its stake in PT Medco Energi Internasional Tbk. (MEDC) late last week (17/10/2025) while simultaneously increasing its holdings in PT Perusahaan Gas Negara Tbk. (PGAS).
The contrasting moves toward the two Indonesian oil and gas companies came as global benchmark crude prices slipped during Asian trading on Friday (17/10/2025).
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