The subsidised diesel control system 2.0 (SKDS 2.0), which was introduced to tackle the misappropriation and smuggling of subsidised diesel, has gotten off to a rough start since commencing its pilot phase on Feb 1, say analysts.
BIMB Securities Research O&G analyst Azim Faris Ab Rahim said that local activity will pick up in 2022, regardless of the price of oil. He believed the lack of investment from 2015 to 2020 will translate into more projects maturing within the next few years.
PETALING JAYA: The unstoppable streak of the oil price rally may seem like the end of the tunnel is near for the oil and gas (O&G) sector.
But amid the optimism that the market is pricing in, experts that are monitoring the sector closely believe that it is not yet all rosy.
Forecasting thunderstorms ahead, analysts and economists believe Brent crude oil has run ahead of its fundamentals as it surged above US$70 per barrel, saying that current prices are unsustainable.