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PETALING JAYA: Amid rising global trade tensions, Malaysia’s exports rose to a record high of RM96.4bil in October after growing at a higher-than-expected rate of 17.7% from a year ago, powered by manufactured goods, and with shipments to China picking up strongly.
HLIB Research analysts returned from a meeting with Reach Energy management with slightly better outlook premising on higher production in the second half of financial year 2018 (2H18) led by ESP upgrades and NK-1 & NK-2 trial production along with cost savings from logistic improvement via a new oil terminal.
PETALING JAYA: Stocks in the power sector, which came under selling pressure due to regulatory risks and market headwinds following the general election, could see a better overall outlook in 2018.
ZURICH: Just as Switzerland’s factories come roaring back, the rallying franc is a reminder of how the currency has the potential to pull the rug from under them.
WHILE a cautious outlook is being projected for the upstream oil and gas (O&G) sector this year, national oil company Petroliam Nasional Bhd (Petronas) is confident that the challenges facing the industry can be overcome with the proper strategies in place.
PETALING JAYA: Analysts are projecting a better outlook for the oil and gas industry, given that the stabilising crude oil prices above US$60 per barrel, stronger crude demand leading to larger inventory drawdown, as well as sustained disciplined production cuts by Opec and non-Opec members throughout 2018 and beyond.
KUALA LUMPUR: Kenanga Research maintained neutral on the oil and gas sector with a positive bias, underpinned by Petronas' FY17 earnings result which improved 27% on year on the back of better performance in both upstream and downstream segments.