You are here

OUTLOOK ON O&M

Oil price at US$80 may be the grease for an O&M recovery

BT_20181018_HHONM18_3592544.jpg
The general consensus is that oil will hold above US$70 in the coming months, which will provide a comfortable threshold for oil majors to expand their offshore capital expenditure.

Singapore

THE rise in Brent Oil to above US$80 a barrel since late September has fanned expectations that the beleaguered offshore and marine (O&M) sector is seeing light at the end of the tunnel.

But the rising tide will not lift all boats and investors should look to several...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes