BlackRock's Maneuver to Accumulate MEDC, PGAS Stocks Ahead of Year-End
BlackRock increases its stakes in MEDC and PGAS amid rising oil prices, aligning with analyst buy recommendations, as global oil production surges.
(Bisnis.Com) 01/01/70 07:00 88588
Bisnis.com, JAKARTA — BlackRock Inc., the world’s largest asset manager, was observed increasing its exposure to Indonesia’s oil and gas sector after accumulating shares of MEDC and PGAS at the end of last week’s trading, Friday (12/26/2025).
The synchronized move by BlackRock into oil and gas stocks, PT Medco Energi Internasional Tbk. (MEDC) and PT Perusahaan Gas Negara Tbk. (PGAS), came as global crude oil prices remained in a strengthening phase.
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