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Quick take: O&G counters boosted by oil price rally thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Quick take: O&G counters rise as crude oil prices soar thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: It has been a rough, bumpy ride for the oil and gas (O&G) industry and the situation will likely drag on into 2021, amid signs of green shoots. This will be the case at least for the first half of the year, before the bulls pay the sector a visit in the second half. The spread of the new Covid-19 strain and renewed lockdowns in various parts of the world have put a damper on the global economic recovery and the effects were expected to spill over to the first half of 2021 before inoculation becomes widely available. Brent crude oil has rebounded above the US$50 per barrel mark and it is projected to trade within this range in 2021 as analysts remain cautiously optimistic on the sector’s outlook. ....