Bisnis.com, JAKARTA — Several prominent investors have begun shifting their positions in the shares of oil and gas producer PT Medco Energi Internasional Tbk. (MEDC), part of the Panigoro family’s business group, as oil prices surged amid the escalating US-Iran conflict.

Brent crude briefly broke through and held above US$100 per barrel, before later fluctuating around US$93 per barrel. Oil prices surged close to US$120 per barrel on Monday (3/9/2026) after major producers in the Persian Gulf were forced to curb output following the effective closure of the Strait of Hormuz, a narrow maritime corridor that typically carries about one-fifth of global oil supply.

Bisnis.com, JAKARTA – Oil and gas producer PT Medco Energi Internasional Tbk. (MEDC) is emerging as one of the companies poised to benefit from the global crude oil surge.

Bloomberg data cited on Monday (3/9/2026) show that the weekly trading value of MEDC shares jumped sharply during the first week of March 2026.

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.