Kenanga Research said while the outlook is expected to improve from financial year 2020 (FY20) onwards, it has maintained its
KUALA LUMPUR: Local oil and gas players have yet to see a strong recovery in contract flows despite oil prices stabilising at the US$70-US$80-per-barrel level from about US$50 a year ago.
Kenanga Research, which expects oil to average at around US$75 per barrel for 2018-2019, said contract flows had remained flat from last year, and was significantly lower than the levels seen in 2013 to 2015.
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