KUALA LUMPUR, June 20 ― MIDF Amanah Investment Bank Bhd Research has maintained its “neutral” call on the upstream sub-segment of the oil and gas industry and reiterated its “positive” call on the downstream sub-segment.
“On average, approximately 30-40 per cent of E&P capex is allocated for drilling and completion, while around 15-20 per cent for subsea production. Following that, the research house said Petronas had also signed a contract with South Sudan’s government on exploration, production and sale of oil covering blocks one, two and four in an area once known as the Unity States.
“In 2019, China’s crude oil demand alone is expected to account for 12.8 per cent of total global demand, up 2.4 per cent from 2018, and other Asian countries are also expected to stage strong crude oil demand growth of 4.5 per cent in 2019,” it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MIDF: National Automotive Policy could adversely impact auto sector | Malay MailKUALA LUMPUR, June 20 — The upcoming National Automotive Policy (NAP) could bring about some uncertainties to the local automotive sector, as it could involve measures to support a potential third national car, according to MIDF Research. The research house said...
Source: malaymail - 🏆 1. / 86 Read more »
MIDF: National Automotive Policy could adversely impact auto sector | Malay MailKUALA LUMPUR, June 20 — The upcoming National Automotive Policy (NAP) could bring about some uncertainties to the local automotive sector, as it could involve measures to support a potential third national car, according to MIDF Research. The research house said...
Source: malaymail - 🏆 1. / 86 Read more »
SMEs sceptical banks will heed government’s call to ease lending | Malay MailKUALA LUMPUR, June 20 — Small and medium enterprises (SMEs) remain doubtful that creditors will ease lending, despite Putrajaya’s appeal for banks to loosen their strict loan standards as the economy picks up. SME Association of Malaysia president Datuk Michael Kang Hua Keong instead reiterated...
Source: malaymail - 🏆 1. / 86 Read more »
At PAS Youth meet, calls to back Dr Zakir Naik alongside tribute to Mursi | Malay MailKUANTAN, June 19 — PAS Youth showed its support for fugitive televangelist Dr Zakir Naik and the late former Egyptian president Mohamed Mursi today, during the wing’s muktamar or annual congress here. Just before the congress adjourned for lunch, the master of ceremonies had called upon the... Orang asli yg mati di Kelantan takde pulak tribute. Manusia2 gila.
Source: malaymail - 🏆 1. / 86 Read more »
KJ forms centrist think tank called ‘The Centre’ | Malay MailKUALA LUMPUR, June 19 — Umno lawmaker Khairy Jamaluddin announced today that he will be launching a think tank next month called “The Centre” to promote centrist policies. The Rembau MP, who is now perceived to be one of his party’s “centrist” members amid Umno’s shift to the far... Best of luck Khairykj may your effort to make UMNO relevant to all instead of to only specific segment of Malaysian be a successful endeavour. Great move sir ... you will make a good leader ... hopefully PM ... less politics sir and more action ... being a non malay ... i pray and hope ... one day ... you will lead malaysians ... the nation ... insya allah .... amiinnn We gave up already. We won't be surprised if these two are gay. Beahahaha.
Source: malaymail - 🏆 1. / 86 Read more »
Bursa ends morning session mixed | Malay MailKUALA LUMPUR, June 18 — Bursa Malaysia ended the morning session mixed as the key index rose 0.34 per cent ahead of the US Federal Reserve’s two-day policy meeting. At 12.30pm, the FTSE Bursa Malaysia KLCI added 5.52 points to 1,643.92 from Monday’s close of 1,638.40, after opening 1.74...
Source: malaymail - 🏆 1. / 86 Read more »