PETALING JAYA: Companies involved in the oil and gas (O&G) upstream production and services as well as equipment sub-sector will be the main beneficiaries of strong oil prices, which are expected at US$80 to US$82 per barrel.
Rakuten Trade Sdn Bhd head of equity sales Vincent Lau is positive about the outlook for the O&G sector with the current Brent crude oil price remaining supportive of Petroliam Nasional Bhd’s (PETRONAS) domestic capital expenditure (capex) activity for 2024-2026.
