Notwithstanding the volatility, some measure of optimism has returned for crude oil prices.
PETALING JAYA: Notwithstanding the volatility, some measure of optimism has returned for crude oil prices, which have firmed up at about US$40 per barrel after plunging into negative territory in April.
But with oil majors in no rush to resuscitate their capital expenditure (capex) spending even if oil prices recover, that would mean less jobs to go around for oil and gas (O&G) service providers.
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