PETALING JAYA: Notwithstanding the volatility, some measure of optimism has returned for crude oil prices, which have firmed up at about US$40 per barrel after plunging into negative territory in April.
But with oil majors in no rush to resuscitate their capital expenditure (capex) spending even if oil prices recover, that would mean less jobs to go around for oil and gas (O&G) service providers.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!