Investors prioritising ESG principles

Lau: Global crude oil price is estimated to be around US$80 (RM336mil) to US$90 (RM378mil) a barrel this year.

OIL prices may be on the rise but so far that has had little impact on local oil and gas (O&G) counters. Bursa Malaysia’s Energy Index has declined 8% or 64 points to 735.59 points over the last one year.

During that period, crude oil prices have surged by 63% to US$90 (RM377.10) a barrel.