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KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.
THE oil and gas sector will continue to play an important role in the economy next year.
KUALA LUMPUR: Most second and third liner oil and gas (O&G) stocks felt the heat following a drop in crude oil prices to below US$80 a barrel for the first time since September 2010.
ONE company operating in the upstream oil and gas sector that has been doing surprisingly well is Serba Dinamik Holdings Bhd.
KUALA LUMPUR: RHB Research is maintaining its Overweight call on the oil and gas sector as it expects Petroliam Nasional to ramp up spending.
PETALING JAYA: Despite implementing massive capacity additions, Asia-Pacific’s oil and gas refiners have been largely unsuccessful in reducing imports and, ultimately, offsetting demand growth, according to international management consulting firm Bain & Company.
KUALA LUMPUR: CIMB Equities Research is maintaining its Overweight recommendation on Malaysia’s oil and gas sector, underpinned by the strong contract pipeline arising from Petroliam Nasional’s capex.