O&G sector gets a shot in the arm

TheStar Thu, Nov 26, 2020 07:20am - 3 years View Original


Oil price riding high

PETALING JAYA: The oil and gas (O&G) industry, that has been in the doldrums due to the supply glut and plunging energy prices caused by the Covid-19 pandemic, is likely to end the year on a high note.

A turnaround is taking pace which saw the Brent crude oil hitting its highest level since March at US$48.80 per barrel on hopes of an effective vaccine that could pave the way for the travel and energy industries to recover.

Oil-related stocks hogged the Bursa Malaysia top gainers list yesterday following a refreshed outlook on the industry.

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