Low demand: The likely scale-back in capital and operating expenditure by Petronas will point to low demand for services and assets offered in the O&G sector.
Cautious oil price outlook likely to result in capex, opex scale-back
PETALING JAYA: With the cautious outlook for oil price likely to signify continued scale-back in capital and operating expenditure by Petroliam Nasional Bhd (Petronas), this could point towards protracted low demand for services and assets offered by the oil and gas (O&G) sector, says TA Securities Research.
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