Outlook for oil price still uncertain

Petronas President & Group Chief Executive Officer Datuk Wan Zulkiflee Wan Ariffin during the press conference in Kuala Lumpur, yesterday. - MUHAMAD SHAHRIL ROSLI /The Star

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will stick to the oil price forecast of US$30 per barrel that has been assumed for this year and will continue to operate on that price assumption.

“We’re still sticking to our previous assumption,” the national oil company’s chief executive officer and president Datuk Wan Zulkiflee Wan Ariffin said at a media briefing to announce the company’s second-quarter ended June 30 financial results.