“We are now returning to the medium-term price range we had before the coronavirus pandemic,” senior vice-president Elena Nadtotchi said in a statement yesterday.
PETALING JAYA: Moody’s Investors Service has revised upwards its medium-term oil price range outlook to US$50 to US$70 (RM209 to RM292) per barrel to reflect its expectation of a continued increase in the cost of production in step with recovery in demand.
“We are now returning to the medium-term price range we had before the coronavirus pandemic,” senior vice-president Elena Nadtotchi said in a statement yesterday.
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