Oil consensus: Petronas has voiced its commitment to adjust crude oil production in line with the Opec and non-Opec agreement to reduce global supply.
KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.
In fact, benchmark Brent dived to as low as US$27.88 per barrel in January from a high of US$114.81 recorded in June 2014.
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