Affin Hwang Research said across the value chain, production players will be the first to benefit from higher oil prices due to their oil-producing fields.
PETALING JAYA: The momentum of the oil and gas (O&G) sector in the country is expected to pick up in the second quarter (2Q17) onwards, thanks to cyclical recovery and high productivity.
Maybank IB Research, which is positive on the sector, said it expected further pick-up in momentum in 2Q17 as volatility has receded, confidence improved and costs have reset.
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