PETALING JAYA: Oil and gas (O&G) upstream activities should recover with greater momentum even though further downward revisions in crude oil demand by major agencies in the coming months can be expected.
This is mainly due to the re-implementation of lockdown measures in response to the emergence of new Covid-19 variants.
The upward revision of activities guidance in the latest Petronas Activity Outlook 2022-2024 report suggest recovery of upstream activities, said RHB Research.
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