KUALA LUMPUR: The planned crude oil output cut by the Organisation of the Petroleum Exporting Countries and its allies (Opec+) of two million barrels per day (bpd) will have a positive impact on the financial performance of Malaysian upstream oil and gas (O&G) companies.
This is particularly so for those involved in exploration and production “as their earnings will benefit from stronger crude oil prices,” according to Tradeview Capital chief investment officer Nixon Wong.
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