Focus: Ball now in oil major's court to turn business around in region

In line with oil giants that report financial losses in the second quarter of this year, Petroliam Nasional Bhd (Petronas) posted a net loss of RM21 billion for the quarter ended June 30, 2020, compared with a net profit of RM14.7 billion in the corresponding quarter last year, primarily due to lower revenue coupled with net impairment losses on assets. - SAMUEL ONG/The Star

KUALA LUMPUR, Sept 5 (Bernama): The year 2020 has already spelled a dark omen for most industries globally including oil and gas brought about by the unprecedented Covid-19 health crisis.

This is on top of other volatilities such as low crude oil prices, the United States-China trade war and also the issues surrounding oil inventories among oil producers.