Fossil fuels seen to remain attractive

“Fossil fuel-reliant nations are likely to continue tapping on their fossil fuel reserves, as the reward to the countries are perceived to far outweigh the risks of doing so,” HLIB research house said.

PETALING JAYA: Environmental, social, and governance (ESG) arbitrage opportunities may be present on the horizon for the oil and gas sector, especially given the high oil price environment.

This is due to upstream oil companies, especially those from developing nations, likely expanding their capacities to capitalise on the lucrative oil revenues.