Oil tops US$50, but no cheer yet for O&M sector
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OFFSHORE & marine (O&M) counters will continue to experience earnings and margins pressure despite signs of sustainable oil price recovery.
Analysts from UOB Kay Hian and Maybank Kim Eng pointed to limited upside for the O&M sector in 2016 even as oil prices breached US$50 last week boosting hopes of a rebound in offshore exploration and production (E&P) activity levels especially in deeper waters.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
