Recovery in crude oil prices yet to have big impact on players


Steady path: Gas prices are displayed at a Mobil station in New York. Crude oil prices have risen steadily by more than 10. Shares in oil majors, including Exxon Mobil, have surged. — AP

CRUDE oil prices may be on a steady recovery path but sentiment surrounding the local oil and gas (O&G) sector is still gloomy.

The plunge in crude oil prices that started in September 2014 had led to unstability in the industry in the last three years.

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