Though Brunei is one of the countries most heavily reliant on its oil and gas sector worldwide, the government’s accumulated surpluses and reserves place it in one of the more comfortable positions in dealing with the 50% drop in oil prices that started in 2014. On top of this, it has a substantial stabilisation fund.
Local banks also remain optimistic given the excess liquidity they have built up over the years, and the faith of market participants in a government that has the means, experience and discipline to minimise blows to the economy.
