Positive outlook for O&G heading into 2023


KUALA LUMPUR: The outlook for the oil and gas sector is expected to remain stable, propped up by the decision of the Organisation of the Petroleum Exporting Countries and its allies (Opec+) to scale back on production from next month.

In a note yesterday, RHB Investment Bank Research said oil prices have undergone a decent recovery from end-September, responding to the news of a possible production cut, which is now confirmed.

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O&G , Opec+ , Bumi Armada , Coastal Contracts , Yinson

   

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