“Therefore, the low oil price environment is negative for the oil and gas players,” Kenanga Research said.
PETALING JAYA: Oil and gas (O&G) companies with exploration and production (E&P) exposure are expected to be the first casualties in a prolonged impact of falling oil prices.
MIDF Research, in a report, said the sharp plunge in oil price will definitely hit the upstream E&P players the most, given that the oil productions are directly correlated to the oil price.
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