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Quick take: O&G shares up as crude oil hit 1-year peak
KUALA LUMPUR: Oil and gas (O&G) stocks are among the most active stocks on Bursa Malaysia in early trade Friday as oil prices hit its highest in over a year.
Quick take: Oil and gas shares up in active trade
KUALA LUMPUR: Oil and gas (O&G) stocks were the most active stocks on Bursa Malaysia in early trade Monday as oil prices rose after progress on the U.S. stimulus bill.
Quick take: O&G counters boosted by oil price rally
KUALA LUMPUR: Oil and gas (O&G) related counters attracted investors’ attention this morning as oil price rally continues.
Rising crude prices shore up Bursa in early trade
KUALA LUMPUR: A buying mood returned to Bursa Malaysia following yesterday's decline as rising crude oil prices raised the prospect of a recovering economy.
KLCI struggles to gain traction in early trade
KUALA LUMPUR: Early trading action on Bursa Malaysia yielded a negative performance with the benchmark FBM KLCI staying just below the flat line.
Oil prices, vaccine plans lift Bursa sentiment
KUALA LUMPUR: The FBM KLCI tracked US markets higher as the latter rose for a sixth straight session amid the accelerating delivery of Covid-19 vaccines.
Velesto could see more contract inflow
PETALING JAYA: Velesto Energy Bhd is anticipated to secure several short-term contracts from the second quarter of 2021, which will help offset potential weak results for the jack-up rig service provider.
Lower utilisation, charter rates to weigh on Velesto
PETALING JAYA: Velesto Energy Bhd’s core net loss for the financial year ended Dec 31,2020 (FY20) may be more than previously estimated, due to lower-than-expected utilisation and daily charter rates in last year’s fourth quarter (Q420), said a CGS-CIMB Research report.
Opportunities abound for oil and gas service providers
THE recovery in the oil and gas (O&G) sector will be slow and gradual, and uncertainties still linger on the supply side.
Gradual recovery in the O&G sector likely
PETALING JAYA: The recovery in the oil and gas (O&G) sector is likely to be slow as the demand and supply situation remains unstable.
