‘Oil price unlikely to remain high’

Wan Zulkiflee: It is a short-term disruption.

The drone attacks on major oil installations in Saudi Arabia early this week caused panic in the global oil markets. But the price surge that followed didn’t last long.

Petroliam Nasional Bhd’s (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin explains that oil prices are unlikely to enjoy any prolonged surge because the market is “well-supplied”.

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