PETALING JAYA: With economists and analysts having predicted that oil price would probably rebound to around US$65 by year-end, it seems like the trend is defying expectations, at least for yesterday as the commodity fell to an intra-day low of US$57.78 per barrel.
Companies operating in the oil and gas (O&G) sector, though, continue to remain upbeat and analysts concur that there is no real cause for concern yet, especially for firms operating upstream.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!