Oil prices outlook still uncertain as demand slow down, says Malaysia's Sapura

KUALA LUMPUR, July 3 (Bernama): The outlook for oil prices outlook will continue to be uncertain, largely driven by the double jeopardy of a slowdown in demand and unabated supply from producers, said Sapura Energy Bhd.

President and group chief executive officer Tan Sri Shahril Shamsuddin said accordingly, the oilfield services and equipment as well as exploration and production markets would likely remain volatile, especially in areas driven by capital expenditures linked to commodity cycles.