In 2017, energy is down 5 percent, compared with a 6 percent climb for the overall S&P 500.
KUALA LUMPUR: PublicInvest Research believes pressures on oil prices will persist but will eventually balance out at around the US$50 per barrel (bbl) levels.
The research house reckoned that at US$50 a barrel level, it was enough for oil majors to restart their capex plans considering the lower cost of production and better efficiencies attained in recent times.
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!
