O&G industry is on a path towards recovery
Sharina Ahmad | 07 Jun 2019 00:30
Despite the fall in oil prices recently, oil and gas (O&G) players are confident of a recovery moving forward. On June 1, Brent crude oil prices fell further to just slightly above US$61 per barrel, a far cry from the US$74 per barrel on April 24.
FocusM caught up with several O&G players, who will participate in the 17th Asian Oil, Gas & Petrochemical Engineering Exhibition (OGA) 2019, to hear their views on various near-term issues facing the sector. OGA 2019 is scheduled to take place from June 18-20 at the Kuala Lumpur Convention Centre.
Market observers believe the O&G sector will probably chart a slow path towards recovery. In addition, the excess in global supply will continue to dampen oil prices in the coming year, says TechnipFMC.
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